Making use of electronic document management can enable enterprises to adopt more efficient working practices, it has been claimed.
According to office equipment supplier Ricoh Americas Corporation, tracking and tracing critical documents effectively is vital for many industries, such as construction, healthcare, legal, insurance and manufacturing.
However the group added that installing the facility can prove challenging.
Executive vice president at the firm Hede Nonaka said: "Effectively managing document workflow can be a significant challenge for organisations due to the unique requirements of each business process."
The company went on to emphasise that document management can add great value to an enterprise by streamlining workflow and reducing the risks associated with lagging processing systems.
Last month content management firm Metafile claimed companies able to enter the document management solutions industry quickly are likely to flourish but organisations should take time to plan before attempting the shift as accounts receivable practices remain highly paper intensive.