Inneficient Document Management Wastes Tiime and Money

A recent study conducted by business management prof Dr. Peter Richardson found that nearly (and in some cases more than) half of most offices managerial time is spent dealing with managing electronic and hard-copy documents. According to the study, poorly managed document flow is one of the number one causes of wasted time, energy and lost capital at a business. That being said, investing in a professional document management facility like GRM or our new EDM division is a sure-fire way to streamline your company and save countless money.

From the start of an article on the study on ITWeb.com:

"Business management professor Dr Peter Richardson has discovered that as much as 50% of managerial time is devoted to document management. That amounts to more than four hours per day, or more than 120 days each year. Inefficient document management can impact companies' performances and lead to their failure. Dr Richardson, who is based at Queen's School of Business, in Ontario, Canada, points out that 40% of the time that business people spend on documents delivers "little or no value". He estimates the time spent finding, reviewing, writing, editing and sending documents costs businesses about $50 billion each year in lost productivity in Canada alone."