Digital Document Management Saves Big for RIA Firms

BankInvestmentConsultant.com has an article on their website this morning discussing the financial benefits of RIA firms utilizing a digital document management service like the one offered by GRM. It's one of the most concrete news pieces I've seen in the past few months for selling EDM, namely because the author provides concrete figures of approximately how much firms stand to gain from the transition. I know I've covered the idea a lot here in this blog, but the increased efficiency that a streamlined document management program offers any company is invaluable.

From the article:

The implementation of technology upgrades results, on average, in an annual savings of $8,000 for an emerging firm, $18,000 for an established firm and $27,000 for an enterprise firm, according to the analysis. Firms using digital document management systems are able to reduce storage space or even move into a smaller office.