In today’s rapidly changing business environment, the optimization of workflow processes plays a pivotal role in boosting productivity and attaining operational excellence. Your employees dedicate most of their workday to tasks crucial to your business operations, such as onboarding new vendors, reviewing contracts, approving invoices, processing leave requests, and authorizing expense [...]
Contracting is arguably the staple work for in-house legal teams. However, most pre-and post-signature tasks are manual and resource-intensive and can disrupt the entire contract lifecycle. According to a study by Gartner, creating contracts, negotiations, reviews, and approvals incurs over 50% of the legal department's time — excluding the time required for [...]
(Part 3 of 3) Bill Gates once said that the first rule of any technology used in a business is that automation applied to an efficient operation will magnify the efficiency. Businesses that create workflow automation are more efficient, save time and money, and minimize the likelihood of errors. It’s no wonder automation enhances internal [...]
Sales, revenue, strategic planning… are the major business tasks commonly lionized at every workplace for business growth. But at the same time, back-office functions can’t be degraded as office administrators are the prime contributors to success. Their jobs include Document Workflow Management such as handling inquires, correspondence, billing, processing expenses, purchase authorizations, and so [...]
One of the biggest organizational challenges is acquiring and retaining millennial workforce. Many organizations have found that free coffee and motivational posters doesn’t work the hard way. U.S. Chamber of Commerce, however, found a way to solve this. According to the Chamber of Commerce, 3 out of 4 millennials choose work-life balance over other career [...]
Any manufacturing unit of a retail business accounts for the typical costs of working with material acquisition, production cost, shipping, and so on. But what about the ‘in between’ costs - the costs that occur while you are trying to complete a task? Most businesses often have overlooked costs while managing workflow – hard [...]
Every organization, at some point, needs to delve deeper and gain insights on their projects to understand where they stand. From NGOs to large organizations, every business is involved in time-sensitive projects that need to be intermittently examined. Here are some interesting facts about project reports. According to Chaos theory, only 50% of project managers [...]
Docsvault is more than document management software as it comes with scanning management, workflow management, records retention and a plethora of other features. Docsvault Workflow automates and streamlines major business processes such as invoice approval, HR processes, legal and regulatory compliance, order processing, etc. and reduces delays and errors associated with circulating paper manually. Let [...]
We are happy to announce new major versions for Docsvault Small Business Edition and Enterprise Edition. Version 7.0 promises exciting new features that go beyond the realm of traditional document management. The new version focuses on smart working through a lot of automation features and add-ons that make work easier and faster. For a [...]