Enterprise Content Management Identifying and Addressing New Areas of Cost Reduction How to use this PowerPoint template: 1.Insert these slides onto your.

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Presentation transcript:

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.

Our Top Areas for Immediate Revenue Impact How Things Work NowAfter Implementing ECM Software Manual, time-intensive paper shufflingAutomated 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 collaborationScalable across teams, making information easy to share Continually increasing operating costsLow risk, moderate investment with quick ROI

ECM Has a Rapid ROI InvestmentIncremental Revenue ECM software = $ /month Services = $ /month Estimated incremental revenue = $ = Incremental revenue – monthly cost Monthly cost - ROI = = % Replace the numbers on this slide, then remove this box.

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.

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)

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

Access documents from desktop, laptop, smartphone or tablet Integrate seamlessly with our website Balance accessibility and security Increase Collaboration

Recapture lost hours Reduce overhead expenses Increase profitability Improve service levels Automate Processes

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

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

Investment AreaPotential 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

These are suggested stages for implementing an ECM project. Replace as you see fit, then remove this bar. Stage 1Stage 2Stage 3 Today6 months Next Steps Stage 1Stage 2Stage 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

Populate ROI value, then delete this bar. Summary BenefitsSolutionROI 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: % Large potential benefits with small incremental investment

Launched in ,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 PartnerFeatured in ECM MQ“2013 Leader in ECM”“Company on the move”“Outstanding Pick”