Electronic Document Management - Complete Controller

Initially, only larger enterprises switched over to electronic document management and storage systems. However, with DMS becoming more commonplace and sophisticated, smaller businesses have started to use electronic document management. Nowadays, physical storage, such as filing cabinets, is slowly becoming obsolete due to digital document management and storage systems being so much more convenient. Check out America's Best Bookkeepers

Why Do You Need a Document Management and Storage System?

If you are still deciding whether your business needs an electronic DMS, begin by discerning your weekly paperwork requirements. A reason why a lot of businesses ultimately decide to switch to DMS is that they were receiving paperwork (forms, invoices, receipts, customer information, emails, employee records, etc.) both physically and digitally. It can become hard to organize all of these documents efficiently. The hard copies are supposed to be organized manually into folders, stored in filing cabinets. This can take a lot of effort and time. Digital documents, while accessible to search for compared to physical documents, can also be problematic because they are spread throughout various locations.

Some are in your email inbox, others in an online platform of storage such as Dropbox or Google Docs, while some may be on your computer. This careless, non-organization of electronic documents poses a security threat. If your company’s information is in so many different places, most of them not secure, protected, or encrypted. It can make your data susceptible to theft or leaks. Check out America's Best Bookkeepers

Main Features of Document Management and Storage Systems

Generally, a Document Management and Storage System provides your documents with a complete filing system, including storage space and security. Some document management and storage systems also have a scanning capability, which utilizes Optical Character Recognition (OCR) to create electronic, searchable forms of a physical document. While it may take a little bit of time to digitize all of the old paper documents, it is worth it as you will save more than enough time by not having to dig through cabinets anymore manually. Some other key features that are included in most document management and storage systems are as follows:

File Organization

How is it possible for a software to help you seamlessly make a switch from a physical storage system to an electronic one? It allows you to create a file hierarchy replicating the physical filing system. Electronic document management and storage systems let you organize your documents into digital files and folders and reconstruct your old physical filing system into a digital arrangement.


Text Search

One of the significant benefits of going paperless and buying a document management system is looking for a file just by typing in the name of the file. With a text-based search option, the solution will go through the text of every file present in your system to quickly locate the document for which you are searching. Check out America's Best Bookkeepers

Multiple Users

The sole purpose of document management and storage systems does not just file storage. A good solution will allow you to work together on documents and files across your organization. Various users will be permitted to access, edit, and share files.


Remote Access

Most software options will create a back-up of your documents and files in the cloud so that you can access them no matter where you are, even if you are outside the office premises. Some document management and storage systems also have a mobile app that expands your files’ accessibility beyond computers to tablets and smartphones.


Built-In Compliance

While many open-source choices are available for DMS software, a significant reason you should go for a paid solution for your business is that they are designed with government compliance kept in mind.


Conclusion

These features represent only a small fraction of all of the essential functions a document management and storage solution can provide. A few other things to look for are file versioning, encryption, audit trails, security aspects, disaster recovery, redundant storage, file retention automation, user-based access permissions, and substantial storage space.

Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers