3 Ways Record Management Delivers a Positive ROIPosted on September 8, 2016
Are you unsure if investing in record management will deliver a positive return on investment for your organization? By now, you’re probably already aware of the many of benefits of proper business records storage, including legal compliance, safeguarding information, and controlling the growth of records storage. But like any good business owner, you also want to make sure that the programs you use contribute to the bottom line.
Here are three key ways records management programs will provide the ROI you’re looking for.
Real Estate Savings with Offsite Storage
You would have to be living under a rock not to notice (or be affected by) the soaring costs of commercial real estate in the Lower Mainland. Businesses these days will need some pretty deep pockets, as it doesn’t look like this trend is slowing down anytime soon.
Are you devoting a sizable chunk of your office space for storing documents? If so, you’d be better off using an offsite document storage provider to help put your real estate to a more profitable use.
Record management for Improved Productivity
Any good business owner is going to do everything in their power to cut costs. So, the last thing you’ll want your employees to do is waste precious hours, days, and weeks each year searching for misfiled documents (not to mention the lost time and money it will take to replace lost files). Once you’ve calculated the savings from a records management program, you’ll wonder why you didn’t implement one sooner.
Another way records management programs reduce operating costs and improve productivity is by making information more readily available. Timely and accessible data will help you and you employees make faster decisions that will speed up the communication process, helping to streamline operations.
Outsource Your Records Storage Needs
As your business information grows, so will your need to effectively govern it. Staying on top of legal and regulatory requirements is going to divert precious time and resources away from operations, costing you a bundle down to the road. A specialized offsite records provider can offer a more cost-effective solution that will not only keep track of all your information, but also keep your records secure.
For more information on how a solid records management program delivers a positive return on investment, contact the records management experts at BCRMS today!