Most businesses set targets for costs, efficiency and performance, but few have document processes that support the changing business climate. External pressures on business brought by the big data explosion has led to a target driven climate, but without the correct processes for your business critical documents these targets are less likely to be achieved.
The Ricoh report, A new perspective: Ricoh Document Governance Index, revealed that half of European businesses are exposed to risk from compliance and data leaks, and a quarter feel their information security is worse than 2009.
One fifth of businesses struggle to effectively share information internally, and a quarter feel that ‘information sharing’ has got worse since 2009. Similarly, a quarter feel their document process is costing more, with the legal sector being particularly affected by this.
The solution is to look ahead and ensure these impacts don’t go ignored; in fact the priority for your business should be to focus on managing your business-critical document processes as effectively as possible.