Document management systems are basically electronic filing cabinets an organization can use as a foundation for organizing all digital and paper documents. Any hard copies of documents can simply be uploaded directly into the document management system with a scanner. Often, document management systems allow users to enter metadata and tags that can be used to organize all stored files.
Choosing the right document management system starts with accurately assessing your organization’s needs. The first choice you’ll make is whether you want an on-premises or cloud-based solution. Each type of system offers the same functionality, but there are several key differences in the way maintenance is performed and data is stored.
TYPES OF DOCUMENT MANAGEMENT SYSTEMS
When choosing a document management system, you will have the choice between on-premises and cloud-based software.
An on-premises document management solution requires you to use your own servers and storage, which means you need to perform your own maintenance. You’ll also be responsible for the security of all your data, so you’ll need to back everything up. This option typically makes sense for larger companies with dedicated IT resources because of its higher technical demands, but it also places you in direct control of the system. Technical support and software updates from the vendor are usually contingent on whether you continuously renew an annual subscription package.
Cloud-based document management software is hosted by your system’s provider and accessible to your organization online. Typically, cloud-based solutions have a monthly or annual fee, which includes all maintenance and software updates. Depending on the system you choose and the features you require, pricing for cloud-based platforms can range from a few dollars to more than $100 per user per month.
DOCUMENT MANAGEMENT SYSTEM FEATURES.
- Document storage: The most basic and critical function of a document management system is the ability to store your company’s documents safely and in an easily searchable manner.
- Keyword search: A sound document management system has a broad keyword search option so you can easily access any document based on specific keywords.
- Permissioned access to certain documents: By creating tiered permissions, you can provide certain employees access to specific documents and bar everyone else from viewing or editing them.
- Document access monitoring tools: These tools allow you to monitor who in your company is accessing what documents.
- Document edit history and restoration: A document management system should have edit history and restoration options so you can see who has edited a given document.
- Auto-delete on outdated documents: Document management systems come with regulation controls for automatic saves and deletion to free up storage space.
- Mobile device access: You should be able to access your company documentation through your mobile device.
BENEFITS OF USING A DOCUMENT MANAGEMENT SYSTEM
- Saved time: By using a document management system, you can devote the time you previously spent organizing and managing your documents to more critical parts of your business.
- Security: By backing up your documents in the encrypted cloud or a secure on-premises server, you can protect important and sensitive company information and protocols.
- Scaling: One of the major benefits of document management software is its ability to scale up and down to meet your company’s ever-changing needs.
- Easy document management: Keyword searches allow you to find your company’s important information quickly and easily.
- Collaboration: Document management software can improve workplace collaboration by allowing multiple people to work on the same file at once, tracking who makes what changes and retaining your access to older versions of documents.
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