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Additionally, enhanced interdepartmental document sharing and the automation of manual processes boosted profitability even further by driving $3.82 million in savings per one million documents. This improvement allowed respondents to avoid the hiring of 2.6 full-time employees to accomplish equivalent workloads, resulting in approximately $178,000 in enhanced user productivity value per organization. By increasing efficiency, reducing errors, and accelerating processes, organizations surveyed by IDC reported an average gain of 4,794 productive hours each ‒ a 21% increase in gross user productivity. The benefits of content digitalization, integration, and automation with enterprise content management can be combined to increase revenue by more than $7 million per year. And at the center of this effective transformation is fast and efficient document migration, intake, processing, and auditing with fewer errors and higher productivity. Now, some organizations are looking to go even further in their business transformation journey by digitalizing and integrating content with a comprehensive enterprise platform.Īccording to an IDC whitepaper sponsored by SAP and OpenText, “ The Business Value of SAP Enterprise Content Management Solutions by OpenText in the Digital-First World,” implementing solutions ‒ such as SAP enterprise content management (ECM) solutions by OpenText ‒ can quickly yield a 288% three-year ROI.
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Over the past year, companies have invested in software-as-a-service (SaaS) and cloud-enabled systems, new methodologies such as process automation, and network-wide collaboration to keep employees productive, update suppliers, and deliver on customer expectations.
While the concept of the paperless workplace is nothing new, the opportunity to achieve this vision is quickly approaching as businesses advance their transformation strategies. Is this resistance to content digitalization and integration holding businesses back from becoming resilient and sustainable enough to stay competitive? Work patterns may have changed over the years, but surprisingly most workplaces have yet to make any meaningful progress toward becoming paperless. Governance, Risk, Compliance (GRC), and Cybersecurity.Accounts Receivable, Billing and Revenue Management.
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