The Imaging Market Wake up and smell the paper.Despite new technology and predictions of paperless offices, we’re still burdened by paper processes for the following reasons: - Our supply chain is still paper-based, and the signed document is still a standard instrument for many business transactions
- Incoming paper invoices, contracts and orders continue to flow into every office, every day
- Cost-cutting initiatives have neglected to address the burdens of incoming paper documents
The growing need for quick access to information, records integrity and improved productivity has elevated paper management to a priority at many companies. The issue of compliance is now mandated and is fast becoming a real consideration addressed by many organizations. Access to all documents, including paper, is a key component to documenting procedures. Lastly, the impact to businesses from disasters can not be overlooked. It’s time to come to grips with the remaining paper in our business process. Handling Documents is an Expensive Proposition - For every $1 spent on a paper document, $10 is spent to process and store that document. (John Warnock, CEO of Adobe Systems)
- Executives report wasting the equivalent of five weeks a year trying to find lost files, addresses, memos and reports. (PC Week)
- Between two-thirds and three-quarters of documents destined for automated business systems originate on paper. (eBusiness in Financial Services Report)
- U.S. businesses spend $25-$35 billion annually filing, storing and retrieving new, incoming paper documents. (IDC)
Yet, current document management solutions capture less than one percent of all paper-based information. Existing high-end document management products are complex, expensive, hard to use, and generally require significant information technology (IT) resources. Low-end desktop scanning or digital copier keypad solutions are tedious, unwieldy for repetitive use and virtually unusable for page assembly, organizing and storage on networks. Additionally, desktop scanning lacks security and quality control. A truly usable paper management system should: - Utilize existing office resources
- Blend with familiar desktop and office paper use patterns
- Adapt to user and workgroup preferences
- Reduce the time, expense and work needed to file and retrieve documents
- Embed, literally, in the related line-of-business software
Productivity Improvement for the Next CenturyAt ImageTag, the objective is to create order out of paper chaos by providing a new generation of paper management that’s simple, productive and foolproof. Because the company understands the incoming paper document lifecycle - receiving, organizing, business process, filing, retrieving, distributing and disposing - it is uniquely positioned to provide the forward-thinking solutions to make managing paper easier, more efficient and less expensive than ever before. KwikTag is the first paper-to-digital solution with the potential for large-scale adoption. The company makes imaging as easy and commonplace as word processing, faxing or email. And because the company partners with organizations that really understand the office, KwikTag is quickly becoming the way the world manages paper.
Learn more about document imaging software and how you can ensure project success. Meet David Guilbault and read his document imaging columns. As one of ImageTag's imaging experts, David provides insight into document imaging and what you need to know before you invest in software. |
