February 25, 2009

8 Things You Need to Know About Making the Case for Document Management in a Recession -- #8

Confidence-elec #1 of 8:  Revenues are down for 63% of companies.
#2 of 8:  Discretionary spending down significantly in 5 major areas (technology, training, travel, marketing, headcount), but technology spending proving the most resilient.
#3 of 8:  66% of companies see the current economic downturn lasting until at least 2010 (and 21% see it lasting for “several years”).
#4 of 8:  42% of companies now see somewhat non-traditional sources for acquiring document management capabilities (open source, SaaS, outsourcing) as their PREFERRED approach.
#5 of 8:  At 69% of companies, only those projects that can demonstrate positive hard dollar returns THIS YEAR are being approved.
#6 of 8:  For 69% of companies, capital requests are much more difficult to get approved than last year.
#7 of 8:  Information management effectiveness is viewed as critical by 89% of organizations.
#8 of 8:  Most organizations (86%) do not know what they do not know when it comes to information integrity; they are unconsciously incompetent when it comes to the effectiveness of their information management systems.

Findings based on survey conducted February 5 of 400 executives who “order, recommend, approve, or initiate computer hardware or software decisions.” 

For a copy of the full survey results, go HERE.  Download is free with registration.

You might also find interesting…
What is BPM?
What is E-Mail Management?
What is ECM?

Feb 25, 2009 7:00:00 AM

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8 Things You Need to Know About Making the Case for Document Management in a Recession -- #7 #1 of 8: Revenues are down for 63% of companies. #2 of 8: Discretionary spending down significantly in 5 major areas (technology, training, travel, marketing, headcount), but technology spending proving the most resilient. #3 of 8: 66% of companies see the current economic downturn lasting until at least 2010 (and 21% see it lasting for “several years”). #4 of 8: 42% of companies now see somewhat non-traditional sources for acquiring document management capabilities (open source, SaaS, outsourcing) as their PREFERRED approach. #5 of 8: At 69% of companies, only those projects that can demonstrate positive hard dollar returns THIS YEAR are being approved. #6 of 8: For 69% of companies, capital requests are much more difficult to get approved than last year. #7 of 8: Information management effectiveness is viewed as critical by 89% of organizations. Findings based on survey conducted February 5 of 400 executives who “order, recommend, approve, or initiate computer hardware or software decisions.” For a copy of the full survey results, go HERE. Download is free with registration. You might also find interesting… What is BPM? What is E-Mail Management? What is ECM?
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Tips and Tricks to Help You Automate your Office Documents There's an interesting webinar coming up Wednesday the 4th at 2pm Eastern time that you might want to check out. The topic? -- Tips and Tricks to Help You Automate your Office Documents http://www.aiim.org/Events/Automation-ROI-Through-Improved-Recognition.aspx One of the basic steps to automate the processing of your office documents is to scan them. A key part of the capture process is recognition. Recognition accuracy—how well the analog document is converted to digital—is a key part of making your capture process as efficient as possible. The more accurate your capture process is, the fewer exceptions you will have to scan over, re-key, or just plain risk having incorrect data imported into your IT systems. In countless surveys that we've done, the perceived ROI of a capture implementation rises as recognition technologies are applied. Think of it this way. You get some value by getting rid of paper and scanning documents and sticking them in an archive. You get a LOT more by extracting and digitizing the information that resides on that paper and pushing it into a workflow. All of which is particularly important in the current economic climate. No charge for the webinar -- just sign up -- Tips and Tricks to...

John Mancini

I am president of AIIM, a non-profit that helps organizations find, control and optimize their information

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