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Document Scanning & Capture Is Risk-Free Investment: EMC
 
The EMC-AIIM research highlights the value of electronic documents for compliance, improved customer service, space-saving and speed of information access
 
DQC NEWS BUREAU
 
Friday, August 14, 2009

 

EMC Corporation unveiled the results of a document capture survey conducted by AIIM. Sponsored by EMC, the research study finds that document scanning and capture is a risk-free investment compared to other types of IT projects and payback time of the initial investment frequently occurs in less than one year.

The survey polled 677 information and records management professionals, IT staff and line of business executives. A significant number of respondents (41 percent) cited 'improved access to information' as the most important driver for scanning and capture investments.

This demonstrates that companies are achieving soft-dollar benefits in addition to hard-dollar RoI. Other business drivers include compliance, productivity and improved customer service.

The survey also found that while most organizations have already invested in capture technologies, two-thirds were only scanning 50 percent of possible documents. Respondents attributed the underutilization to the lack of capture facilities close to the business process as well as the existence of few enterprise applications that are capture-enabled.

Some key findings
  • 42% organizations increased productivity by 50% from their scanning and capture investment
  • 43% achieved payback within 12 months and two-thirds within 18 months
  • Nearly half have achieved savings of 40% or more in paper storage costs

“Document capture can no longer be thought of as a technology running in a silo but rather as an integral part of a business process,” said Whitney Tidmarsh, CMO-Content Management and Archiving Division, EMC. “In addition to being tightly integrated with the documenting platform, the latest versions of EMC Captiva Input Accel and EMC Captiva Dispatcher provide a new service-oriented architecture that supports integration with other business applications to increase the adoption of capture throughout the enterprise. As a result, organizations experience higher return on their investments by reducing costs and risks, accelerating business processes and lowering total cost of ownership,” she added.

DQC News Bureau

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