FTSE 100 companies are throwing away 400 million per year warns Macro 4

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Failure to adopt effective document management systems is costing enterprises millions of pounds per year. Macro 4 estimates that through better management of documents, companies could realise average savings of 5 per cent of their turnover. For a FTSE 100 company this represents an average saving of 400 million.

 

Global business software provider Macro 4 is warning that enterprises are neglecting their document management systems. The printing, storage and distribution of business documents is critical to any enterprise. Yet research shows that 81 per cent of IT directors do not regard printing and document management as an important strategic concern. The failure to establish better management of this crucial business process leaves enterprises exposed to hidden costs and unidentified charges which can amount to many millions of pounds.

 

Further figures suggest that only 47 per cent of UK companies are measuring the cost of documents within their organisations. The absence of effective management strategies results in disparate document handling systems which waste money as they remain unmonitored and out of control.

 

David Chalmers, product strategy director at Macro 4 comments, Without a clearly defined strategy few enterprises can hope to achieve the visibility that is required to control costs, satisfy customer requirements and meet the ever increasing demands of legislation and corporate compliance.

 

With 30 per cent of CIOs planning to cut their IT budgets further in 2004 we are keen to show enterprises how they can realise real cost savings. As well as cutting costs we are able to help businesses improve their efficiency and identify the unidentified.

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