Return on Information: The New ROI?
Information is the core of almost every essential business process. If you have fast, reliable and safe access to information, you can improve customer service, increase business process efficiency and fuel growth.
To achieve both fast and secure access to information, you must first invest in records management best practices. This can help you maximise your ROI.
Managing Information with an Eye on Returns
Successful organisations maximise their ROI by keeping the potential business value of each type of information asset in mind. Take the following steps to do the same in your business:
Consolidate paper records. According to AIIM, 21% of organisations say their volume of paper is increasing, despite conventional wisdom to the contrary. Problems result, including disorganised files and lost paper. And the cost of wasted office space can be surprisingly high.
Working with a trusted supplier can lower costs, deliver the information you need when you need it and ensure more secure document management. You can also escape the risk of an information breach. Call it the new ROI or just good business. Either way, you’re talking about a strategy that makes sense. To find our more, download our mini guide to records retention, The Basics of Records Retention.