{"id":93733,"date":"2023-02-21T02:20:07","date_gmt":"2023-02-21T00:20:07","guid":{"rendered":"https:\/\/factorialhr.com\/blog\/?p=93733"},"modified":"2024-05-02T17:45:10","modified_gmt":"2024-05-02T15:45:10","slug":"document-management-software","status":"publish","type":"post","link":"https:\/\/factorialhr.com\/blog\/document-management-software\/","title":{"rendered":"What is document management software? (HR DMS)"},"content":{"rendered":"

Businesses use 12.2 trillion sheets of pa<\/span>per every year\u2013accounting for over 50% of the total waste that they produce.<\/strong> And that\u2019s not the only thing that’s wasted in the process. Without document management software, paper usage can be also a big financial drain for businesses. <\/span><\/p>\n

A study by Gartner indicates that as much as 3% of a company\u2019s revenue costs are spent on paper.<\/strong> Not to mention all of the hidden costs<\/strong> of paper usage, like the time and money spent organizing, locating, and storing paperwork.\u00a0<\/span><\/p>\n

With the right document management system in place, businesses can have the resources to accommodate more sustainable, efficient, and secure business models.\u00a0<\/span><\/p>\n

But what is document management software and how do businesses implement it?<\/span><\/p>\n

In this article, we\u2019ll go over the definition, features, and benefits of document management software, and provide step-by-step instructions on how to make the switch to a cloud-based document system. Lastly, we\u2019ll go over how Factorial\u2019s document management solution is used.<\/span><\/p>\n

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Table of Contents<\/p>\n