The implementation of ECM can help companies save money in several ways, including limiting costs related to energy and other sustainability fields, according to ECMConnection.com. By implementing ECM, companies can greatly reduce their printing costs, as employees can share documents on their computers rather than using paper, ink and the energy required to print a document.
With many IT executives predicting further government regulations will require any company with compliance responsibilities to store documents on their corporate server rather than on paper, implementing ECM will help in other ways as well.
"ECM technology not only cuts down on paper waste, but also streamlines workflow and eliminates unnecessary and wasteful steps. Document management and document imaging software capture and organize existing paper files, remove the need for future ones, and automate workflow and collaboration between employees, partners and vendors across an organization," according to ECMConnection”s white paper.
ECM implementation is likely to become more affordable for companies in the next few years as more software vendors develop top-notch solutions. Furthermore, more ECM vendors have recently announced initiatives tomove their products into the cloud to reduce costs and reach more customers.