The proper use of electronic document management holds tremendous
advantages for any company, large or small. These advantages
involve not only significant cost savings, but security and business
protection as well:
- Cost Saving
- Compliance
- Security
- Disaster Recovery
- Accountability
- Retention
Cost Savings
The average employee will spend 7 minutes searching for a document.
A typical business will spend $20 filing a document, $120 to find a
missing document, and $250 to recreate a lost document.
eDrawer allows documents to be located in seconds based on criteria
including date of filing, type of document, and even words from the
document itself. With the cost savings from the ability to quickly
locate documents, the system can pay for itself in a matter of months!
Compliance
Government regulations regarding filing, retention, and security of
documents grow more onerous each day. The various agencies and
regulations, including HIPAA, SEC, SOX, OSHA, ISO, and FDA to name a
few, are virtually impossible to follow without assistance from
technology. In Georgia for example, the accidental release of a
Social Security number involves a $500 fine, PER OCCURRENCE.
eDrawer ensures that required documents are available when needed,
and allows for those beyond retention requirements to be discarded
easily. Documents can be secured at the folder level so that only
authorized personnel can access them. The system provides a
complete audit trail, tracking every activity related to each document,
including which user was involved.
Security
In any business, it is important to secure access to documents.
There are numerous categories of confidential information including
personnel and salary records, customer identification and credit card
information, company trade secrets, etc. It is important for any
company to be able to restrict access to documents, and such security is
nearly impossible with paper storage.
eDrawer allows document access to be controlled at the folder level.
For a given folder, the system allows some users to add, change, and
delete documents, others to only read them, and yet others to have no
access at all. All authorized access is logged for later review as
necessary.
Disaster Recovery
Fires, floods, hazardous waste spills, disgruntle employees - all
small business fear such occurrences. This fear is for good
reason, as 70% of businesses FAIL within 3 weeks of such a disaster.
Think about your organization. If all of your paper files were
destroyed in a disaster, how would you continue to operate?
Since eDrawer stores all documents electronically, they can easily be
backed up to an alternate location on a daily basis. That means
you could be back up and running with full access to your documents
within days of such a disaster. Can you afford to be without such
protection?
Accountability
It is important for any business to know who is accessing their
documents, and what is being done with them. We read daily press
reports about employees who steal information such as customer Social
Security numbers and credit card information, and sell the information
to the highest bidder.
eDrawer maintains a complete audit trail of all document activities.
This information includes who accessed the document, and when the access
occurred, allowing you to monitor such activity, and to demonstrate to
regulatory agencies that such monitoring is happening. Again, this
function is virtually impossible with paper files.
Retention
In our highly regulated society, it is getting hard to keep track of
retention requirements for various types of documents. Failure to
retain certain documents for the required period can open your company
to fines and other regulatory activities. Keeping documents longer
than the required period can be costly.
eDrawer allows a retention date to be set for any document.
Once set, the document cannot be deleted prior to the retention date.
Once the retention date is reached, all expired documents are easily
archived and/or deleted.
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