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Economic Benefits of a Document Management System (DMS)

A Document Management System (DMS) also known as Enterprise DMS or Corporate DMS maintains an electronic repository of documents. For example, the HR department typically accumulates dozens of physical documents per employee over an employee’s service period and such documents are kept in a folder in a cabinet or in a storage box in the archival location or even stored in a warehouse belonging to a third-party records management company. However, easy access to these physical documents is a problem since it has to be first retrieved and then brought to the desk of the person needing this document which takes time sometimes in hours or days and can be expensive as well. A DMS that keeps an el

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