A Document Management System (DMS) is a combination of people, processes, and technology which helps organizations manage a document across its entire lifecycle. It offers a central repository that organizations can use to store, retrieve, and organize their documents. With more and more organizations deploying a DMS for their workplace,
Anyone familiar with Jeffrey Archer’s short story, ‘Crime Pays’ from his 2000 book ‘To Cut a Long Story Short’ will know how easily and ingeniously the protagonist (antagonist?) Kenny Merchant perpetuates invoice fraud against some of the leading businesses in his country. Kenny’s fictitious and thoroughly enjoyable account (you’d be
In the previous post titled ‘Bargaining Power of Suppliers – What Does It Mean for Your Business,’ we saw what bargaining power of suppliers meant and what causes it. In this post, we’ll look at some ways in which organizations can safeguard against and reduce this power. Backward integration: This
Salespeople have one of the toughest and most challenging jobs in any company. With daunting targets and demanding bosses on one side and customer expectations, whims, and tantrums on the other side, salespeople have to find a way of balancing the two and delivering results that augment the bottom line.
In a post a couple of weeks ago, we told you how right business intelligence can drive the company’s critical decision making. Even though many organizations realize the value of informed decision making and actionable insights, many of them balk at the idea of deploying an analytics application at their workplace.
An audit trail, as the name implies, is simply a formal examination, inspection, and verification of a path taken. In the case of a Document Management System (DMS), trail refers to the path followed by the document across its lifecycle. Take the example of a simple publishing process. In a
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