The importance of Document Management - FourVision (2024)

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  • November 27, 2020

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“A good Document Management System helps organizations to prevent mistakes and to increase their efficiency. It can offer significant advantages, such as lower costs of operations, security, information retrieval and governance”

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A Document Management System (DMS) probably isn’t the first thing that comes to your mind when you think about ERP solutions. But because of an ever increasing amount of information within an organization, Document Management is getting more important by the day. How does this system work and what can it mean for your organization?

What is a Document Management System?

Let’s start off with the basics. The people within your organization use many different ways to save their documents. Think about hard drives on a computer, a mailbox, physical storage and USB sticks. Finding back a document can take a lot of time. If you work in HR, you know the effects of locally stored documents. A loss of documentation, lack of control and a gigantic problem when someone leaves the organization. Moreover, working together while working from home will almost be impossible without a proper Document Management System. A DMS brings efficiency and order to the management of your documents. It brings order and a unique way of storage with rapid access. According to a research by Aberdeen, a good working DMS will result in a 49% more rapid document handling, 30% less mistakes and a 10% cost reduction of archiving costs.

How does Document Management improve my organization?

As mentioned above, a good Document Management System helps organizations to prevent mistakes and to increase their efficiency. It can offer significant advantages, such as lower costs of operations, security, information retrieval and governance. A Document Management System mainly supports organizations in collecting the necessary documents throughout different stages of the employee lifecycle. In the candidate and hiring stages, a DMS gives recruiters an overview of what documents are missing. Think about resumes, contracts and other recruitment related documents, both externally and internally, but also tests and application exams. All to ensure the completion of a new employee into the organization.

FourVision’s Document Management for Dynamics 365 HR

FourVision developed a Document Management solution for Dynamics 365 HR. This solution figures as a central location to store all of your HR related documentation. Next to receiving notifications about expiring documents, you can also create your own configurable document and templates from one central location. Moreover, this solution works on any device at any time and is GDPR compliant! Feel free to reach out to us if you would to learn more about this solution.

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FAQs

Why is documentation management important? ›

Efficient Information Retrieval: Effective document management ensures that all important business documents are organised, indexed, and stored in a centralised system. This makes it easier for employees to retrieve the required information quickly, saving time and improving productivity.

What is the purpose of the document management system? ›

What is document management? Document management is a system or process used to capture, track and store electronic documents such as PDFs, word processing files and digital images of paper-based content. Document management can save you time and money.

What is the purpose of the DMS? ›

Document management, often referred to as Document Management Systems (DMS), is the use of a computer system and software to store, manage and track electronic documents and electronic images of paper-based information captured through the use of a document scanner.

What is the most importance of documentation? ›

Documentation is essential to quality and process control

Documentation encourages knowledge sharing, which empowers your team to understand how processes work and what finished projects typically look like.

What is the most important purpose of documentation? ›

Why is Documentation Important? Documentation is imperative for any organization or project, regardless of size or industry. It helps teams stay organized and on track by providing a clear understanding of project requirements, progress, and any potential risks.

What is effective document management? ›

Overall, the objective of a document management system is to simplify and streamline document handling processes within businesses. In turn, this enhances collaboration, improves search and retrieval efficiency, and provides a secure and organized approach to any tasks that involve documents.

What is document management and control? ›

Document management is about storing, sharing, and tracking documents to improve the efficiency of your operations. But document control is about marshalling the flow of knowledge and data in your organisation.

What is the working knowledge of DMS? ›

DBMS Concepts

Software-A DBMS is a software-based system that provides a management interface, which helps users control databases and data sources. Data-DBMS provides controls for managing operational data, such as records and metadata, as well as index files, data dictionaries, and administrative information.

What is DMs used for psychology? ›

The Diagnostic and Statistical Manual of Mental Disorders (DSM) is the handbook used by health care professionals in the United States and much of the world as the authoritative guide to the diagnosis of mental disorders. DSM contains descriptions, symptoms and other criteria for diagnosing mental disorders.

Why do people slide into your DMs? ›

The expression "slide into your DMs" implies that it takes someone who's very smooth and bold to privately message a stranger or acquaintance online. In many cases, it's an expression often said to represent the way an overly confident or even flirtatious user might contact someone they're interested in.

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