DOCUMENT MANAGEMENT SOFTWARE HELPS FOSTER COLLABORATION In order to survive in the modern era, many enterprises have realized that collaboration is the key to success. Document Management Software enables organizations to quickly share critical documents and information with their partners, expediting business operations. Small and medium-sized companies that fail to transition to a paperless system often find cooperating with others to be quite difficult.
Reported success According to a study produced by ResearchandMarkets, the global document-centric collaboration market is anticipated to grow at a compound annual growth rate of 8.6 percent over the next four years. A ubiquitous need to reduce waste and increase productivity was cited as the driving factor for the rise in file-sharing. In order to make these partnerships easier to implement, many businesses adopt paperless document management software. "Document-centric collaboration supports the growth of a company by eliminating time consuming manual processes and enabling organizations to focus on more value-added tasks," said an anonymous ResearchandMarkets analyst. "Hence, the infrastructure of many small and medium enterprises requires upgrades and advancements in order to cater to the current market demands." Take for example the relationship between a retailer and a third-party logistics provider (3PL). If the merchandiser cannot adequately share intelligence pertaining to consumer demand, inventory requirements and other commodity-centric factors, the 3PL won't be able to accurately determine www.papersave.com
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