The document discusses how an enterprise content management (ECM) system can provide benefits such as automating manual processes, improving collaboration, and increasing efficiency. It notes specific ways ECM can save time by avoiding lost documents and make information easily shared. The document also provides examples of potential cost savings and ROI figures from other organizations that implemented ECM software. It recommends ECM as a solution to achieve benefits like raising the bottom line with a small, incremental investment and quick ROI.
1. Enterprise Content Management
Identifying and Addressing New Areas of Cost Reduction
How to use this PowerPoint template:
1. Insert these slides onto your company template.
2. Update metrics where noted. When finished, delete all instructions.
2. Our Top Areas for Immediate Revenue Impact
How Things Work Now After Implementing ECM Software
Manual, time-intensive paper shuffling Automated filing, routing, approval and
more
Lost and misfiled documents keep staff
from having insight into processes
Better decision-making around issues
that impact our bottom line
Information silos prevent collaboration Scalable across teams, making
information easy to share
Continually increasing operating costs Low risk, moderate investment with
quick ROI
3. ECM Has a Rapid ROI
Investment Incremental Revenue
• ECM software = $<insert
value>/month
• Services = $<insert value>/month
• Estimated incremental revenue =
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Incremental revenue – monthly cost
Monthly cost
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ROI = = <insert value>%
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4. • Instantaneously answer
information requests from
auditors, clients and
customers
• Keep track of documents
that must be viewed and
signed by other personnel
• Use time more wisely
Save Time
Employees spend 20% of their
day looking for information in
hardcopy documents and only
find what they need 50% of
the time.
5. Increase Efficiency
Staff Efficiency as a Percentage of Revenues*
Business size
(annual revenue)
Back-office staff
costs as a percentage
of annual revenue
Efficiency Savings
$500k
24%
($120,000)
4.8%
($24,000)
$1 million
27%
($270,000)
5.4%
($54,000)
$4 million
23%
($920,000)
4.6%
($184,000)
6. • 5-year ROI of 404% (IDC)
• 50% of organizations see
payback as early as 6
months (IDC)
• $1-5 savings per document
after implementation
(EDI Group, Ltd.)
• 40% document-related cost
reduction (Gartner)
Raise the Bottom Line
7. • Access documents from
desktop, laptop, smartphone
or tablet
• Integrate seamlessly with our
website
• Balance accessibility and
security
Increase Collaboration
8. • Recapture lost hours
• Reduce overhead
expenses
• Increase profitability
• Improve service levels
Automate Processes
9. Source: IOMA
The average cost of processing an
invoice in an environment with a
low level of automation can be up
to 20 times greater than in an
environment with a high level of
automation.
The Value of Accounts Payable Automation
10. Source: The Aberdeen Group
The average cost of processing an
expense report in an environment
with a high level of automation is
39% lower than in an environment
with a low level of automation. For an
organization processing 1,000
expense reports monthly, that’s an
annual savings of $97,680.
The Value of HR Automation
11. Investment Area Potential Investment Needs
ECM Software • A new system for creating, storing and managing
electronic documents
Computing and Network
Technologies
• Additional scanners
• Mobile devices
• Data storage systems
Process Integration • Needs analysis and application design
• Development and testing
• Rollout
Training • Online or in-person training resources for
employees and other users
Shared Services • Realigning work functions to take advantage of the
efficiencies and cost savings enabled by electronic
documents and automated workflows
Potential Investment Requirements
12. These are suggested stages for implementing an ECM project. Replace as you see fit, then
remove this bar.
Stage 1 Stage 2 Stage 3
Today 6 months
Next Steps
Stage 1 Stage 2 Stage 3
Select a Vendor
• Industry expertise
• Functionality
• Community
• Educational resources
Planning
• Where to start?
• Metadata/ templates
• Folder structure
• Workflows
• Integrations
Implementation
• Build out folders,
templates and
workflows
• Testing
• Training
• Go live
13. Populate ROI value, then delete this bar.
Summary
Benefits Solution ROI
• Save time
• Increase efficiency
• Raise the bottom line
• Increase collaboration among
departments and customers
• Automate important processes
like HR, A/P and more
• Adopt ECM
technology
• Make better use of
existing applications
• Estimated ROI:
<insert value>%
• Large potential
benefits with small
incremental
investment
14. • Launched in 1987
• 34,000+ worldwide installations
• 300 employees in 9 offices
• 20% Growth annually
• Microsoft Gold Certified Partner
• 94% client satisfaction rate
Laserfiche ECM software builds on
existing business processes, making
them smarter, faster and more
efficient.
Microsoft Gold Partner Featured in ECM MQ “2013 Leader in ECM” “Company on the move” “Outstanding Pick”
Notes de l'éditeur
Begin with an executive summary that briefly states the problem or opportunity, describes how you plan to address it, and explains why your solution is sensible and its expected ROI.
Begin with an executive summary that briefly states the problem or opportunity, describes how you plan to address it, and explains why your solution is sensible and its expected ROI.
Laserfiche estimates a 20% time savings based on filing and retrieval efficiencies, eliminating misfiling and workflow efficiencies. Increased efficiency, as well as greater staff productivity, can save up to 6,000 hours annually, or 2.4 full-time staff positions.
Document management can help your organization increase productivity and efficiency with:
• Intelligent search methods that support searching with any criteria you have available.
• Streamlined document distribution and improved accountability with automated workflow routing and notification.
• Reduced labor and clerical mistakes with automated OCR and indexing.
• Management of your entire organizational archives from your desktop computer.
• Minimizing lost documents.
• Creating copies and distributing documents as simply as sending an email.
Document management provides staff with immediate access to the information that allows them to make better decisions about issues that impact your organization’s bottom line. With document management, your employees will be able to support their work processes, work more efficiently, collaborate more effectively and make better-informed choices—dramatically increasing productivity while accelerating the pace of business.
Document management solutions with an automated workflow component
allow for more efficient work processes. A workflow solution enables
automated document routing that saves time and money by reducing
photocopying, hand delivery and lag time between stakeholder approvals.
A quality workflow solution doesn’t treat your staff as stations along an
assembly line, but as crucial gatekeepers to ensure a steady flow of relevant
and current information.
A workflow solution allows your organization to:
• Design rules-based routing systems to streamline document-handling
procedures.
• Copy and move documents using routing services and your computer
network.
• Automatically notify staff and supervisors when certain events take place.
• Monitor user activity, guaranteeing efficiency and project completion
while enabling enhanced staff efficiency reporting.
Give a high level description of the solution. For an ECM project, specify which business processes it will affect and which costs it will eliminate or reduce.
According to research from The Aberdeen Group, the average cost to process a single expense report is $20.65. But for organizations with visibility, the average cost is $12.51, or 39% lower. For a mid-market organization processing 1,000 expense reports per month, that’s an approximate annual savings of $97,680.
Summarize the costs and benefits, and restate the ROI.