What is Content Enablement? Five Essential Factors to Consider – Solutions Review

This is part of Solutions Review’s Premium Content Series, a collection of contributed columns written by industry experts in maturing software categories. In this submission, Templafy co-founder Christian Lund offers answers to the question “What is content enablement?” with five essential factors to consider.
In today’s digital HQ, content is the lifeblood of business and requires a significant amount of attention from each and every employee. Each department – sales, marketing, legal, etc. – is responsible for creating and housing content to do their jobs, all of which must be up-to-date with the latest branding and compliant with regulatory requirements.
“Content enablement” is emerging to solve for this. The term can be defined as technology that allows content to find people within their workflows, not the other way around. Enabled content means all materials created are accurate, on-brand, and compliant with business standards, and it drives growth with meaningful insights assets across the entire organization. In short, this tech helps businesses get the most value out of their content.
For a better understanding of what content enablement is and why it matters, let’s dive into its four pillars and a comprehensive look at the state of business content in the modern enterprise.
In the digital HQ, content is everywhere and everything. It isn’t just static documents that live in Microsoft Word anymore; now content lives throughout an entire organization’s tech stack. And, as the way we do business evolves, so too has the definition of business content.
A whopping 94 percent of US-based respondents to Templafy’s Content Is Everything Report agreed that given the increasing amount of work interactions that occur in a digital environment, “everything is content.” This includes productivity assets (35 percent said is content) and even classification and metadata (33 percent said is content).
But this new reality of content comes with new challenges for today’s enterprises. Searching through repositories for the right logo or compliance disclaimer used to be somewhat difficult and time-consuming, but with so many digital technologies outputting and storing enormous amounts of content and data, tracking down the right materials has become impossible.
More than half (51 percent) of respondents said their company doesn’t have a common database of approved content, meaning employees are turning to other avenues to find information needed for important materials: 32 percent said they ask colleagues on a daily basis for this type of content help, and a disturbing 87 percent said they’ve used Google to search for a company image or logo to include in a piece of content or presentation they’re working on.
In today’s digital-first environment, content needs to find people within the workflows they already have.
The digital HQ has been defined by a proliferation of tools to help us do our jobs. Content creation, for example, used to largely take place within Microsoft Word, a singular platform for a disparate workflow. But now that content is everything (and everything is content), content creators have access to a vast array of tools that accomplish everything from document generation to digital asset management to AI-powered spell-checking.
In fact, 82 percent of respondents agreed they have more tools than ever before to create and house content, with 57 percent using 4-7 such tools and 26 percent using 8-11. But all these apps mean nothing if they don’t integrate with one another. On average, respondents believe 47 percent of their company’s tech stack costs are unnecessary, which means the average company is bogging their employees down with tools they don’t need or use and wasting money in the process.
This means integrations that connect content to existing business workflows are now imperative.
As creation points multiply, businesses are under mounting pressure to ensure compliance across all proprietary content no matter where it’s stored, otherwise, they run the risk of hefty fines (which are never ideal and can be especially dangerous in today’s turbulent economic climate). 88 percent said security requirements are increasing and upholding them has never been more important.
The expanded definition of content means anything can put your business at risk: 61 percent of respondents agreed a lack of control when it comes to metadata and classification poses a significant financial risk, while half of the respondents said the same for business and brand risk. Additional ramifications include damage to reputation (55 percent), legal fees (51 percent), legal ramifications (50 percent), loss of revenue (50 percent), and a loss of customer trust (45percent).
With more than half (51 percent) admitting their company has accidentally shared a sensitive document with parties not authorized to view it, it’s clear that when the burden of compliance and classification falls on individual employees, businesses leave the door wide open for costly mistakes.
Without insight into how your content actually performs, what’s the point of creating it in the first place? 58 percent of respondents said their organization does not have enough actionable data around content performance, which means they cannot build a data-driven content strategy for their marketing, sales, legal, or financial teams. What’s more, 58 percent said they lack comprehensive knowledge of what metadata is or why it’s important to business document management and creation, and 45 percent said their company urgently needs a better system to support user metadata.
Despite the plethora of tools available, all of which store this vital information, the average enterprise is not using this data to their advantage. Now that content is everything, flying blind with your content strategy simply won’t cut it anymore.
Content enablement is a movement within the industry that is emerging to solve for the issues outlined above. Its methodology impacts existing content management solutions like document generation, digital asset management, sales enablement, document management systems, and content creation platforms, and is an evolving concept that will continue to change the way these solutions operate. Moving forward, we envision all content-related technologies will build their technology around the four truths of content enablement to adequately serve modern users.
By leveraging a suite of tools under the content enablement umbrella, enterprises can manage their overwhelming amount of content; integrate creation workflows; govern and classify every piece of content and bit of data, and access actionable insights to inform their content strategy. As content enablement continues to grow, we’ll begin to see more comprehensive content solutions burst onto the scene so enterprises can leverage this critical asset to its fullest potential.
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5 Best Document Management Tools For Mac Users – MacSources
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How do you manage your documents? If you are a Mac user, there should be no worries about the way to cope with your files. Why is it so? A good thing about the mac computer is the availability of apps to help users with different tasks. You can perform loads of steps and manage the assignments using helpful tools on your laptop.
What is the most relevant tool that users can look for? For Mac users, these are various document organization apps. It’s sometimes so overwhelming to find the file or send it to the right folder. However, it’s now easier with the technologies implemented on the newest macs.
The laptops can support various types of apps and assist users with a plethora of tasks. Would you like to know how to manage your files with ease? Then it’s time to check out the top 5 tools for document management. There are many more tools to try, but these are of the best quality and availability.
When it’s your first time using a laptop, you are free to create folders and save them wherever you want. However, when you have used the laptop for years, there’s a complete mess with the folders and different items. In this case, you might need to look for a good reviewed tool.
If you are interested in how to make your work easier, you should check these top 5 document management tools. They are iOS based. It makes it easy for iPhone users to benefit from the features, too. All you need is to go to the App Store and select your favorite tool.
Let’s start with one of the most reviewed apps for Mac users. With the Fill app, you will find it very easy to perform such actions, as:
It’s a very helpful file management system for those users who are worried about their security and want to benefit from the most enjoyable working mode.
The name is really fun, but the set of features is truly impressive. If you want to see how the best mac database software works, you should check out this app. Being downloaded from the AppStore, the application will impress you with real-time file tracking, an online editor with a document builder, and a helpful solution for file storage options.
Are you tired of scanning your document with external apps? It’s better to stick to the native iOS tool to make your scans of the best quality. You can use a document scanner for iPad to work with the files. But you can also try an iPhone app. The PDF scan app will work cool for all types of documents. It gets tons of positive reviews and proves to be helpful for every purpose.
What tool is used to find and organize files on a mac? Let’s acquaint you with another tool for the best file management work. If you are done with outdated apps for document management, it’s the best choice for you. Here are some of the features that the tool can present.
You don’t have to seek new options in the market of apps, because Juro tops most of them. All you need is to go to the App Store and download the app.
If you need the best security when working with documents, this file management tool will suit your purposes. The tool has the most developed safety system to create, build, and edit files in online or offline mode. You should check it out.
Managing files has never been easier. With a well-built iOS app, you will find the experience seamless and faultless. In the list of apps, there are proven options to choose from.
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IQVIA SmartSolve Document Management – IQVIA
Discover new insights, drive smarter decisions, and unleash new opportunities with the power of IQVIA Connected Intelligence.™
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Discover new insights, drive smarter decisions, and unleash new opportunities with the power of IQVIA Connected Intelligence.™
Discover new insights, drive smarter decisions, and unleash new opportunities with the power of IQVIA Connected Intelligence.™
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The IQVIA Human Data Science Cloud is our unique capability designed to enable healthcare-grade analytics, tools, and data management solutions to deliver fit-for-purpose global data at scale.
The IQVIA Innovation Hub connects start-ups with the extensive IQVIA network of assets, resources, clients, and partners. Together, we can help lead the future of healthcare with the extensive IQVIA network of assets, resources, clients, and partners.
IQVIA Decentralized Trials deliver purpose-built clinical services and technologies that engage the right patients wherever they are. Our hybrid and fully virtual solutions have been used more than any others.
IQVIA enables genomic research via global access to a network of genomic-clinical data, proprietary technologies that enable federated analytics, and therapeutic area & bioinformatics expertise to help you answer your most pressing research questions.
Our mission is to accelerate innovation for a healthier world. Together, we can solve customer challenges and improve patient lives.
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Reimagine clinical development by intelligently connecting data, technology, and analytics to optimize your trials. The result? Faster decision making and reduced risk so you can deliver life-changing therapies faster.
Generate and disseminate evidence that answers crucial clinical, regulatory and commercial questions, enabling you to drive smarter decisions and meet your stakeholder needs with confidence.
Elevate commercial models with precision and speed using AI-driven analytics and technology that illuminate hidden insights in data.
Orchestrate your success across the complete compliance lifecycle with best-in-class services and solutions for safety and quality.
When your destination is a healthier world, making intelligent connections between data, technology, and services is your roadmap.
Explore our library of insights, thought leadership, and the latest topics & trends in healthcare.
An in-depth exploration of the global healthcare ecosystem with timely research, insightful analysis, and scientific expertise.
“The IQVIA Institute's annual report on Global Oncology examining novel medicines, the impact of COVID-19, and long-term trends in use of cancer medicines.
“Visit our investor relations site for more information.
Connecting unparalleled data, advanced analytics, innovative technologies, and deep healthcare and scientific expertise makes it possible for our customers to discover previously unseen insights, smarter decision-making, and unleash new opportunities.
Artificial intelligence is accelerating opportunities. Realizing the benefits for healthcare requires the right expertise. Together, we can solve the problems of today, and drive the breakthroughs of tomorrow.
The IQVIA Human Data Science Cloud is our unique capability designed to enable healthcare-grade analytics, tools, and data management solutions to deliver fit-for-purpose global data at scale.
The IQVIA Innovation Hub connects start-ups with the extensive IQVIA network of assets, resources, clients, and partners. Together, we can help lead the future of healthcare with the extensive IQVIA network of assets, resources, clients, and partners.
IQVIA Decentralized Trials deliver purpose-built clinical services and technologies that engage the right patients wherever they are. Our hybrid and fully virtual solutions have been used more than any others.
IQVIA enables genomic research via global access to a network of genomic-clinical data, proprietary technologies that enable federated analytics, and therapeutic area & bioinformatics expertise to help you answer your most pressing research questions.
Our mission is to accelerate innovation for a healthier world. Together, we can solve customer challenges and improve patient lives.
Careers, culture and everything in between. Find out what’s going on right here, right now.
“Improving human health requires brave thinkers who are willing to explore new ideas and build on successes. Unleash your potential with us.
SmartSolve Document Management, our document control software enables you to create, collaborate, approve, change, and train on documents within a single system.
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The Real Cost of Lacking Cybersecurity: Missing Out on Retail Investors | – Spiceworks News and Insights
A lack of security technology threatens innovation and impedes retail investment.
The private markets are seeing an influx of interest from retail investors, but a lack of security technology and practices are threatening innovation, which could hinder private market transformation forbodes Alin Bui, CSO & co-founder of Anduin.
While private funds are thrilled by growing interest in alternative investments from retail investors, they are not quite ready to welcome these new entrants. Why? Because cybersecurity is lacking in the private market sector, and in financial services, that poses a serious business risk.
Case in point: financial services firms are 300 times more likely than other industries to be targeted for cyberattacks, according to Boston Consulting Group research. Despite this, thousands of private funds continue to handle their security via paper and manual methods, creating weak points that bad actors can exploit.
Cyberattacks come in various shapes and forms. For example, attackers commonly employ social engineering tactics, which play a role in over 80% of cyberattacks. The more human touchpoints in workflows, the more exposed the organization is. Private equity firms are prime targets for social engineering ploys because they rely heavily on staff to perform paperwork and frequent document handoffs. This vulnerability becomes even more pronounced at larger firms with a bigger headcount.
Beyond the human element, private market firms also often depend on manual verifications or even automated workflows on legacy software to skate by but are putting themselves at risk. The industry is hit with thousands of attacks daily, and outdated software simply does not meet current security standards.
See More: Nine Tips for Scalable Data Masking for Growing Companies
Security failures can have dire consequences for private market firms, including:
Hackers may approach delicately from different directions, but they nearly always target specific assets and activities:
Security strategies fall into two buckets: prevention and detection. Prevention attempts to limit the number of breaches and overall risk, while detection allows you to mitigate the severity of successful attacks. Reputation is everything in the private markets, so prevention and fast mitigation of any breach are paramount. Here are a few things to start thinking about as you strengthen your security posture.
In the coming decade, private market investments will become a staple in many more personal portfolios. An industry-wide security framework would help bridge protocols and reduce vulnerable points in transfers between investment firms and regulators. Security standardization will let automated solutions pipe data across preset corridors with less risk of interception or corruption.
Automation platforms will also help by replacing the gamut of outdated processes, from subscription documents to capital calls and wire transfer identity verification.
By nature, private funds are focused on the future – and the future includes retail investors. Proving they are secure will only attract more investors. The funds that rise to the cybersecurity challenge now, will also be able to scale and onboard new investor classes to become even bigger, more automated, highly competitive, and better protected.
How are you ensuring that your security technology is up to date and ready to scale? Share with us on Facebook, Twitter, and LinkedIn.
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Co-founder and Chief Strategy Officer , Anduin
On June 22, Toolbox will become Spiceworks News & Insights
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ARC DOCUMENT SOLUTIONS, INC. Management's Discussion and Analysis of Financial Condition and Results of Operations (form 10-Q) – Marketscreener.com
The following discussion should be read in conjunction with our interim Condensed Consolidated Financial Statements and the related notes and other financial information appearing elsewhere in this report, as well as Management’s Discussion and Analysis of Financial Condition and Results of Operations included in our Annual Report on Form 10-K for the year ended December 31, 2021 and this Quarterly Report on Form 10-Q for the quarter ended September 30, 2022.
ARC Document Solutions Inc. is a digital printing company. We provide digital printing and document-related services to customers in a growing variety of industries. Our primary services and product offering are:
Each of these services frequently include additional logistics services in the form of distributing and delivering finished documents, installing display graphics, or the digital storage of graphic files.
We have categorized our service and product offerings to report distinct sales recognized from:
Equipment and Supplies Sales: We sell equipment and supplies to a small segment of our customer base. We also provide ancillary services such as equipment service and maintenance, often as a way to generate recurring revenue in addition to a one-time sale. In addition, we offer certified used equipment available for sale or for use in our MPS offering.
The methods for financial reporting and revenue recognition in our renamed service lines remain unchanged. Likewise, “Managed Print Services” or “MPS” and “Equipment Sales and Supplies” are also reported identically from previous years.
COVID-19 Pandemic
1.Column does not foot due to rounding. 2.See “Non-GAAP Financial Measures” following “Results of Operations” for definitions, reconciliations and more information related to our Non-GAAP disclosures.
Months Ended September 30,
(1)Column does not foot due to rounding. (2)See “Non-GAAP Financial Measures” following “Results of Operations” for definitions, reconciliations and more information related to our Non-GAAP disclosures.
Three and Nine Months Ended September 30, 2022 Compared to Three and Nine Months Ended September 30, 2021
The number of MPS locations has remained relatively flat year-over-year at approximately 10,800 as of September 30, 2022 and 2021.
Selling, General and Administrative Expenses
Amortization of Intangibles
Interest Expense, Net
Income Taxes
We have a $2.4 million valuation allowance against certain deferred tax assets as of September 30, 2022.
Net loss attributable to noncontrolling interest represents 35% of the income/loss of UDS and its subsidiaries, which together comprise our Chinese joint venture operations.
Net Income Attributable to ARC
EBITDA
Impact of Inflation
Non-GAAP Financial Measures
EBITDA represents net income before interest, taxes, depreciation and amortization. EBITDA margin is a non-GAAP measure calculated by dividing EBITDA by net sales.
•They do not reflect our cash expenditures, or future requirements for capital expenditures and contractual commitments;
•They do not reflect changes in, or cash requirements for, our working capital needs;
•They do not reflect the significant interest expense, or the cash requirements necessary, to service interest or principal payments on our debt;
•Although depreciation and amortization are non-cash charges, the assets being depreciated and amortized will often have to be replaced in the future, and EBITDA does not reflect any cash requirements for such replacements; and
•Other companies, including companies in our industry, may calculate these measures differently than we do, limiting their usefulness as comparative measures.
The following is a reconciliation of net income attributable to ARC Document Solutions, Inc. to EBITDA and adjusted EBITDA:
The following is a reconciliation of net income margin attributable to ARC Document Solutions, Inc. to EBITDA margin and adjusted EBITDA margin:
The following is a reconciliation of net income attributable to ARC Document Solutions, Inc. to adjusted net income and adjusted earnings per share attributable to ARC Document Solutions, Inc.:
Net income attributable to ARC Document Solutions, Inc.
Deferred tax valuation allowance and other discrete tax items
Actual:
Liquidity and Capital Resources
Our principal sources of cash have been cash flows from operations and borrowings under our debt and lease agreements. Our recent historical uses of cash have been for ongoing operations, payment of principal and interest on outstanding debt obligations, capital expenditures and stock repurchases.
35% or $3.9 million went to our JV partner, thus resulting in a $3.9 million decrease in our consolidated cash and noncontrolling interest balance sheet account.
Cash flows from operations are primarily driven by sales and net profit generated from these sales, excluding non-cash charges.
We use DSO to measure and compare the cash management performance of our operating divisions.
Investing Activities
Financing Activities
Debt Obligations
Credit Agreement
administrative agent.
Finance Leases
As of September 30, 2022, we had $26.3 million of finance lease obligations outstanding, with a weighted average interest rate of 4.8% and maturities between 2022 and 2028. Refer to Note 7, Leasing, as previously disclosed on our Annual Form 10-K for the fiscal year ended for December 31, 2021, for the schedule on maturities of finance lease liabilities, as there have been no material changes to report as of September 30, 2022.
Contractual Obligations and Other Commitments
Critical Accounting Policies and Significant Judgements and Estimates
Based upon a separate sensitivity analysis, a 50-basis point increase to the weighted average cost of capital would result in no further impairment of goodwill.
Income Taxes
We calculate our current and deferred tax provision based on estimates and assumptions that could differ from the actual results reflected in income tax returns filed in subsequent years. Adjustments based on filed returns are recorded when identified.
Income taxes have not been provided on certain undistributed earnings of foreign subsidiaries because such earnings are considered to be permanently reinvested.
Recent Accounting Pronouncements
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7 Best Open Source Library Management Software – It's FOSS
Sometimes managing a digital library gives you peace of mind as you do not need to make many efforts to maintain it. Usually, easy to organize, and can be backed up as well.
When it comes to managing the library, the library management software can make a world of difference. It can break or make your digital library management experience.
And, with open-source library management software, an organization/library can save investment costs, have better privacy, and have more flexibility without any vendor lock-ins.
So, I came up with the compilation of open-source library management software to provide you with some good options to help manage your digital library. You can use some tools for personal use-case, but many of them are geared toward public libraries.
Key Features of Koha:
Koha is a well-known name when it comes to library management software, and it is considered the best of what you can get for your library. You may ask why. It handles everything like a charm, from backups and maintenance to system upgrades!
Being a truly enterprise-grade system, you’d get modules to manage circulation, cataloging, serials management, authorities, flexible reporting, label printing, and a lot more.
So, you can utilize Koha for small size to multi-branch libraries.
Key features of Evergreen
Evergreen is a library integrated system that was initially developed for Public Information Network for Electronic Services (PINES) but it also powers more than 1800 libraries outside PINES.
Being scalable to its core, you can easily manage an entire catalog of multiple branches. It also offers good search functionality along with some interesting features.
Key features of BiblioteQ
“It’s quite simple and straightforward” This was my initial impression while testing BiblioteQ for this list. But, don’t get fooled by its user interface.
BiblioteQ is a professional archiving, cataloging, and library management software that utilizes Qt for an eye-pleasant user interface. Furthermore, it uses PostgreSQL and SQLite for the databases.
While speaking of connectivity, it uses Open Library, SRU, and Z39.50 protocols to have a seamless experience while retrieving books and other archive options.
Key Features of OPALS:
According to the 2022’s international survey of library automation, OPALS (Open-source Automated Library System) has scored highest in every single category among school libraries and small academic library programs.
OPALS is used in more than 2000 libraries daily as it provides a full-fledged automated library management experience.
It is a paid tool that provides you technical support for installation, management, hosting, and other purposes. If you are looking for something for your academy/institution this can be a good fit.
OPALS also provides a 3-month free demo site for your library, so you can have a better idea of what to expect from the asked price.
Key Features of InvenioILS:
Invenio’s ILS (Integrated Library System) uses the Invenio framework, which is made up of widely used open-source products including Python and React frameworks.
So if you have the technical expertise, there will be no boundaries on customization and enhancements that you can do with the default base.
Key features of SLiMS:
SLiMS (Senayan Library Management System) is nothing but an Apache web server bundled with MySQL and PHP, and the outcome is an extremely powerful community-driven library management toolkit.
From serial publication control to system modules providing extreme flexibility, SLiMS has a lot to offer.
Key features of FOLIO:
FOLIO (Future of Libraries is Open) can be considered the best option in terms of user experience, as the community thrives to bring the best out of UI/UX elements.
As with any other library management software, you’d get all the basic features such as circulation, acquisitions, cataloging, and e-resources management.
You also get a nice feature to manage multiple users, patron types, fee structures, and more.
In this list, I’ve only considered the ones that are actively maintained. There might be more that you can explore (but with no recent development activity).
Did I miss any of your favorites? You are welcome to share your personal experience with library management software.
A software engineer who loves to tinker with hardware till it gets crashed. While reviving my crashed system, you can find me reading literature, manga, or watering my plants.
Bare metal or virtual machine? Here are a few reasons why you would want to run Linux in a virtual machine.
Read More 10 Reasons to Run Linux in Virtual Machines
Gantt chart is the simplest way to assign resources, manage timelines, and visualize dependencies. Check out these open source tools with Gantt chart function.
Read More Best Open Source Gantt Chart Software for Linux
Standard Notes is a note taking application that puts particular emphasis on privacy & security. It is cross-platform and of course, completely open-source.
Read More Standard Notes: An Open Source Encrypted Note Taking App
Pling Store allows you to search and install various Linux software, themes, icons etc that you might not even find in your distribution’s software center.
Read More Pling Store: One Stop Shop All of Your Linux Software Customization Needs
HydraPaper is an impressive wallpaper manager for Linux users that also supports multi-monitor setups.
Read More HydraPaper: A Wallpaper Manager for Linux with Multi-Monitor Support
Anything is possible in Linux world including macOS lookalike distros. Not kidding! Here are some Linux distributions that are inspired by the looks of macOS.
Read More 6 Linux Distributions That are Inspired by the Look and Feel of macOS
1.CALIBRE (a library software and i suggest is one of the best but was omitted in your article)
Truely CALIBRE is a well structured Library Software that sorts downloaded information materials automaticaly, ranging from Author, Title, year of publication etc in a sequencial manner as well as give room for expansion for more volumes of information.
It also reduce cost of online subscription since it serves as an offline local repository unlike Wiley Online Library that requires monthly/yearly subscription.
As a Reference librarian i found Calibre more useful in an Academic Library for its uniqueness in classifying of informational materials according to subject matter.
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Employee Training Software Market : 3-Key Growth Scenarios | TalentLMS, LearnUpon, ProProfs, Apty – openPR
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How to Intelligently Manage Your Documents and Data – Entrepreneur
Signing out of account, Standby…
For many companies, critical data is locked on a printed page, stored in a box or sitting on someone’s desk. It isn’t easy to get that information flowing without scores of people to rekey it into an electronic format. These outdated practices are driving the adoption of intelligent document management.
Data is the lifeblood of any organization. When it flows freely, businesses can grow, win new customers and prepare for the future. When it’s constrained, stagnation sets in. Time and money are wasted, and emerging opportunities are missed.
For too many companies, critical data is locked on a printed page, stored in a box or sitting on someone’s desk who is out of the office. It’s difficult to get that information flowing without scores of people to rekey it into an electronic format so that it can be more easily shared, analyzed, processed and acted upon.
These outdated practices are driving the adoption of intelligent document management.
Document management has been around for a while. It generally refers to scanning all the pieces of paper in an office to understand what a company has so it can decide what to keep and develop a system of indexing that enables other employees to retrieve information.
Previously, companies manually indexed documents, meaning a human would look at a piece of paper, hone in on the vendor name and the account number, and key it into a database. Advancements then used optical character recognition (OCR) to aid in indexing. That is when software tries to figure out what each character is, for example, a machine reading six digits in an invoice and coming up with the number 123456. The trouble is that a “6” also looks like a “b,” so OCR is not highly accurate.
Traditional document management falls short in an important way: Information is only useful when inserted into workflows. This is where intelligent document management comes into play, and it’s critical to digital transformation.
Related: Finding the Right Solution for Your Bookkeeping Needs
Intelligent document management is more than a better way to scan documents because it enables information management. Thanks to its “intelligence,” intelligent document management offers automated classification, routing, measurement, monitoring and multi-channel information management fueled by artificial intelligence (AI).
Auto-classification means that scanners deploy AI to make intelligent decisions about what a page contains (e.g., recognize a bill of lading vs. an invoice) and categorize it.
Next, following the company’s internal workflows, it routes the electronic version of the document to the correct person based on a combination of roles and rules (e.g., Mary, the Comptroller, must approve all invoices over $10,000, while invoices less than $5,000 go to Fred). Approvals can co-occur or follow a strict, sequential order.
Monitoring is essential. What if Mary is away on vacation for two weeks, and that invoice must be paid? An intelligent document management tool has timers, recognizing when a deadline is approaching and notifying and rerouting the document to a designated person so it can be handled. It also monitors the overall process and reports it to management.
Finally, intelligent document management supports multi-channel information — whether a piece of paper from a vendor or a bill of lading generated from an order management system. AI ensures data is gleaned correctly and routed through the proper workflows.
With intelligent document management, roughly 90% of a document’s processing is handled by computer — decreasing administrative time, eliminating human error and saving money.
We believe the first step for intelligent document management is to fully document the current workflow by someone with information-management experience, not just IT experience. This is called a Business Process Analysis (BPA), and a solid grasp of how business is conducted is essential. Additionally, having experience rolling out future enterprise content management (ECM) initiatives within a Finance Department, HR Department, etc., is crucial if you want the final result to be a tenable solution that does what you need.
Then you need to decide what to digitize. Most organizations store more documents than they need. This scenario can lead to unnecessary risk, given emerging privacy laws and requirements protecting specific information types.
A document audit is required before digitization even starts. For instance, is a document, such as an employee contract, within its retention requirements, or are you no longer needed to keep it? If the latter, it’s probably better to destroy that document. Another consideration: Every page scanned costs money, so an audit will drive cost efficiency.
Next, you’ll need to develop a content roadmap for filing documents so that current and future employees can easily retrieve information. You have a photo of the Statue of Liberty. How should it be classified as a statue, national icon, New York City tourist attraction or gift from France?
You want to choose a vendor that works with you to guarantee successful outcomes and eliminates the risk of you making the wrong technology investments. Too often, companies underestimate the level of effort and complexity of a do-it-yourself (DIY) approach.
Many capture systems offer similar capabilities, but your experience with them may be highly influenced by the vendor. Is the vendor willing to do the critical document audit for you? Is the vendor willing to do the painstaking work of documenting your workflows so that the system lives up to its true potential? Does the vendor offer Service Level Agreements (SLAs), enabling you to hold the company accountable?
Getting the right solution at the right cost is key in any consideration. Intelligent document management providers charge money for an up-front analysis that highly trained, certified experts perform. A monthly subscription fee follows this to use the platform and a customization fee to implement your specific requirements. If you want to add more files to the system, there are fees to scan, extract and index those.
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If the analysis is performed properly, you will know what it costs you now, where your bottlenecks are, where your risks and efficiencies are and what it will cost to improve. The BPA provides a quantitative pay-back period that allows you to make a heads-up decision based on facts.
Converting to an intelligent document management system will deliver immediate returns on investment and pay dividends well into the future. Mapping all incoming information to your unique workflows so that it can be processed with the minimal manual intervention will do more than save you time and money, however. It will ensure your company has the agility it needs to thrive in a fast-paced economy.
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HR Document Management Software Market Growing Massively by PeopleDoc, SAP, eFileCabinet – Digital Journal
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New Jersey, N.J., July 21, 2022 The HR Document Management Software Market research report provides all the information related to the industry. It gives the outlook of the market by giving authentic data to its client which helps to make essential decisions. It gives an overview of the market which includes its definition, applications and developments, and manufacturing technology. This HR Document Management Software market research report tracks all the recent developments and innovations in the market. It gives the data regarding the obstacles while establishing the business and guides to overcome the upcoming challenges and obstacles.
Human resources document management software is used to store and protect all your documents associated with an employee, from hiring to retirement, in a centralized employee file.
Get the PDF Sample Copy (Including FULL TOC, Graphs, and Tables) of this report @:
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Competitive landscape:
This HR Document Management Software research report throws light on the major market players thriving in the market; it tracks their business strategies, financial status, and upcoming products.
Some of the Top companies Influencing this Market include:PeopleDoc, SAP, eFileCabinet, Breathe, ServiceNow, DocuVantage, Zoho, Iron Mountain, Document Logistix, M-Files, Zenefits, Ceridian, Document Locator, Cleardata, DynaFile, Personio, Prosource, Natural HR, Access Group, myhrtoolkit, MaxxVault, Margolis, Biel, Hyland (OnBase), Crown Records Management, AODocs, DocStar, SearchExpress
Market Scenario:
Firstly, this HR Document Management Software research report introduces the market by providing an overview which includes definition, applications, product launches, developments, challenges, and regions. The market is forecasted to reveal strong development by driven consumption in various markets. An analysis of the current market designs and other basic characteristics is provided in the HR Document Management Software report.
Regional Coverage:
The region-wise coverage of the market is mentioned in the report, mainly focusing on the regions:
Segmentation Analysis of the market
The market is segmented on the basis of the type, product, end users, raw materials, etc. the segmentation helps to deliver a precise explanation of the market
Market Segmentation: By Type
Cloud-Based
On-Premise
Market Segmentation: By Application
Large Enterprises
Small and Medium-sized Enterprises (SMEs)
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An assessment of the market attractiveness with regard to the competition that new players and products are likely to present to older ones has been provided in the publication. The research report also mentions the innovations, new developments, marketing strategies, branding techniques, and products of the key participants present in the global HR Document Management Software market. To present a clear vision of the market the competitive landscape has been thoroughly analyzed utilizing the value chain analysis. The opportunities and threats present in the future for the key market players have also been emphasized in the publication.
This report aims to provide:
Table of Contents
Global HR Document Management Software Market Research Report 2022 – 2029
Chapter 1 HR Document Management Software Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global HR Document Management Software Market Forecast
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Building On Its Acquisition of Afterpattern, NetDocuments Launches PatternBuilder to Automate Legal Documents Natively – LawSites
Last November, the document management company NetDocuments acquired Afterpattern, a no-code toolkit that law firms and legal teams can use to build apps and automate legal documents and workflows, promising at the time that it would be natively integrated into the NetDocuments platform.
Today, that promise comes to fruition, as NetDocuments releases PatternBuilder, a document and workflow automation tool that enables law firms, legal teams, and the public sector to automate their expertise and processes so they can be repeated predictably.
While PatternBuilder’s functionality is much the same as the Afterpattern product, the significant difference is that it is native to the NetDocuments platform, meaning that it is directly available for NetDocuments’ customers to use directly within the platform in which they are already working.
PatternBuilder’s App Builder provides several built Page Blocks to choose from, making it easier to build apps while also enabling users to create the complex interactions needed in legal document automation such as looping and iterations.
“Built directly into the NetDocuments platform, organizations of all sizes will be able to leverage this new capability while inheriting all of the security, governance and accessibility benefits of being in the cloud,” said Josh Baxter, NetDocuments CEO.
The core use case for PatternBuilder is to enable legal professionals to replicate and automate their unique templates and processes so that they are done consistently every time.
With the product built natively into NetDocuments, it enables firms to embed document assembly directly within the document management system, populating user inputs into Word and PDF documents and then automatically saving those documents into the folder or workspace the user chooses.
PatternBuilder Global Apps Page enables apps to be run from within the NetDocuments browser interface. All menu options shown are rights dependent and fully configurable at a granular level.
NetDocuments says that PatternBuilder has several unique features that make it easy for its customers to get started with automation:
“Being able to automate both simple and complex documents and tasks, as well as manage and implement these new applications, is critical for legal professionals and their support teams,” said Dan Hauck, NetDocuments chief product officer. “PatternBuilder gives organizations the ability to scale their expertise and consistently deliver their best work.”
PatternBuilder is officially launching today in the United States and will be rolled out to other regions during September, the company said.
It is being sold as an add-on product with the NetDocuments’ DELIVER solution, which consists of tools and features designed to enable legal organizations to safely organize, package and share content with clients, customers, outside counsel, and other internal and external groups.
NetDocuments says it plans to continue to enhance and add features to PatternBuilder. Over the next few months, it said, it will release the ability for users to:
Current Afterpattern customers will be able to continue using the product. However, Afterpattern will no longer accept new customers.
Bob is a lawyer, veteran legal journalist, and award-winning blogger and podcaster. In 2011, he was named to the inaugural Fastcase 50, honoring “the law’s smartest, most courageous innovators, techies, visionaries and leaders.” Earlier in his career, he was editor-in-chief of several legal publications, including The National Law Journal, and editorial director of ALM’s Litigation Services Division.

Bob Ambrogi is a lawyer and journalist who has been writing and speaking about legal technology and innovation for more than two decades. He writes the award-winning blog LawSites, is a columnist for Above the Law, hosts the podcast about legal innovation, LawNext, and hosts the weekly legal tech journalists’ roundtable, Legaltech Week.
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ABOUT LAW SITES
LawSites is a blog covering legal technology and innovation. It is written by Robert Ambrogi, a lawyer and journalist who has been writing and speaking about legal technology, legal practice and legal ethics for more than two decades.
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