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How digitization is driving competitive advantages

Five ways new document workflows are taking business to new heights 

Economic headwinds and other market factors are making it more necessary than ever for businesses and organizations of all sizes to sharpen their tools, find competitive advantages and reduce costs while serving their customers and clients.  

Even for small organizations, streamlining processes and improving efficiencies is complicated. Teams find themselves mired in outdated systems and workflows, and paper processes and storage systems that make retrieving information and optimizing space and real estate difficult.   

The adoption of document scanning and storage solutions represents a contemporary approach that frees valuable real estate while enhancing operational processes. By embracing the digital transformation of documents, companies can unlock new benefits and marketplace advantages.  

1. Enhance accessibility and collaboration 

Traditional paper-based document management systems are cumbersome and time-consuming. Retrieving information from stacks of files can lead to delays and decreased productivity. With document scanning and storage, documents are converted into digital formats, making them easily accessible — often with just a few clicks. Cloud-based storage solutions empower employees to access files from any location, facilitating seamless collaboration, even in remote work environments. Digitized documents can be indexed, tagged, and organized with metadata, enabling powerful search and retrieval functionalities. This saves time previously spent manually searching for specific documents.   

2. Improve document security 

Physical documents are vulnerable to loss, theft or damage due to various circumstances, such as natural disasters. While digitized documents can be stored securely in encrypted databases with access controls. This added layer of security provides organizations with peace of mind and helps businesses in adhering to data protection regulations.   

3. Identify cost savings 

Storing paper documents in file cabinets or off-site storage facilities consumes valuable office space. Document scanning and storage eliminates the need for physical storage, saving space while also reducing associated costs. Companies can allocate the saved resources towards more strategic initiatives.  

4. Improve disaster recovery and business continuity  

Unforeseen disasters, such as fires or floods, can cripple a business's operations. Document scanning and storage solutions offer reliable disaster recovery options, as digital files can be easily backed up and replicated in secure off-site locations. In such an event, organizations can quickly recover documents and resume operations with minimal downtime. 

5. Ensure compliance  

In regulated industries, maintaining accurate and up-to-date records is crucial for compliance and auditing purposes. Companies can easily access and produce the required documentation, reducing the risk of penalties or legal repercussions.  

Document scanning and storage solutions have become indispensable tools for businesses seeking to embrace the digital transformation era.  

Visit us online now to connect with an expert and learn more about how Conduent can help enhance the accessibility, searchability and value of your document operations.