15 Aug A Breakdown of the Costs of Analog Vs. Electronic Records Management
Is electronic records management truly more cost-effective than its analog alternatives? That’s an argument we’ve made before, and it’s one that’s substantial enough that it’s worth unpacking further. A white paper from the Federal Records Management Council (FRMC) on the cost benefits of digitization details the myriad areas of potential cost savings, writing that even just the costs of failures associated with analog and paper-based records management can often “far exceed initial investments to safeguard records through a modern digitization strategy.”
But what are those areas where electronic records management eclipses analog? Another white paper from consultancy group Deloitte looks at the records management lifecycle and divides it into five major categories, each of which accumulates often significant cost savings.
Read the full post on our TransAccessDM blog.