While you may not be swimming through a sea of paper or drowning in data, not employing software for your document management strategy may be setting your firm back more than you realize. However, if your legal department has yet to take document management to the information age, you’re not alone – as noted in ILTA’s 2015 legal technology purchasing survey, only 10 percent of respondents reported buying document management technology in the past 12 months, down from 12 percent in 2014. The losses that can ensue aren’t a new finding, either – as noted in a 2012 global survey of IT professionals, document challenges during the year amounted to a 21.3 percent loss in an organization’s overall productivity.
The time may be ripe for applying software to document management strategies, and, according to Cathy Reisenwitz, web content writer at business technology consultancy Capterra, there are three “telltale signs that it’s time” bring a tech solution to your firm.
