7 Reasons To Move To A Document Management Web Portal

Web Portal

As the economy improves, organisations are no longer focusing exclusively on cost – quality of service and the end to end experience are becoming increasingly essential to attain and retain customers. For any organisation that routinely shares information with customers, from quotes to valuation statements, reliance on slow, expensive print/post or anarchic, unmanaged email communication is no longer good enough.

A document management web portal delivers the information transparency and control required to transform the customer experience and enable measurable return on investment through more responsive, efficient and timely interactions.

Integrated Portal

For years technology professionals have been advocating the benefits of Cloud computing – but what is the value for a finance department to adopt this way of thinking? Why direct customers and even employees to a web portal in the Cloud when there are so many other ways of communicating – namely telephone, post or email?

The portal option is not simply a matter of extending choice – although that is a key consideration in improving the customer experience. Opting for a web portal that is fully integrated with the existing back end document management system ensures documents are 100% identifiable and traceable.

All documents uploaded to the portal by clients are automatically downloaded to the document management system for safe keeping and routing to retain a full audit trail. The result is that organisations can not only securely exchange documents with clients but also obtain approvals and retain a full auditable record of the process.

Of course, if clients miss the personal interaction, traditional communication routes are still an option. But by re-directing any transactional communication to a web portal, organisations gain security, visibility and efficiency – as well as cost reduction. Here are seven reasons every business should move towards a dedicated web portal now:

1. Cheap

The cost to implement and run the portal are relatively low. The portal is not a catch all for every corporate document. For most organisations, no more than 10% of documents created are actually shared with customers or suppliers, such as contracts, proposals or valuation statements. With only a sub-set of documents to be published, the portal is quick and easy to setup and manage.

2. Easy To Implement

Getting started with a portal is simple: just configure the document management systems to create a portal account and the company is up and running. Since the portal is integrated with the document management system, everyone in the company can start using a portal straight away – within hours – and with no limit on the number of customers or business users. Documents can be uploaded to the portal with a single click, making it incredibly easy to start sharing information with clients.

3. Fast ROI

Obviously the use of the portal completely removes the need for print and postage, cutting direct costs as well as avoiding time wasted manually collating documents. More importantly, a business has far better control over the entire information management process. Unlike email, the portal provides a full audit trail, ensuring the business knows when a customer has read a document and if it has been approved. There is no time consuming chasing, resending of emails or version confusion. Improving collaboration and speed of customer interaction can deliver a significant financial benefit, as well as improving the quality of the customer relationship.

4. Secure & Compliant

Only those documents the business wants to share with customers and suppliers are published via the portal and there is a clear, secure separation between the portal and the rest of the organisation’s documents. Furthermore, given the growing need to respect the privacy of a customer’s information, the portal provides a far more secure and controlled environment than the somewhat random, chaotic and insecure approach of emailing documents. The portal provides a single view of all client correspondence with full transparency and audit trail – and only those individuals with the correct security clearance can access the information.

5. Efficient

Businesses constantly strive to improve efficiency and reduce the time it takes to process invoices and record sensitive information. Using the portal to source and keep track of documents which require complex review and approval processes ensures nothing gets missed or lost. Critically, the portal can transform the speed of turnaround, with minimum effort and minimum elapsed time. Companies can exploit the portal to streamline processes and introduce new, more effective working practices.

6. Enables Process Change

Effective use of the portal can transform the way businesses operate. Unlike anarchic email or file sharing systems like Dropbox, the portal’s full audit trail provides immediate visibility of the status of each customer interaction – those documents that have been approved; and those awaiting approval. Full visibility and transparency enables greater control, minimises time spent searching for updates and rapidly prioritises key areas of activity.

7. Supports Closer Customer Relationships

A portal provides customers with a 24 hour touch point with the business. The information can provide additional customer value, enable some degree of self-service, and remove the risk of a customer experience being compromised as a result of one member of staff being out of the office for any reason. Critically, unlike unreliable email, the full audit trail and visibility ensures that any problem with document upload or download is immediately flagged – there is no embarrassing delay or confusion in information delivery that can undermine business trust.

Conclusion

Today’s business world depends on confidence, accuracy and trust. It is simply no longer acceptable to fire off a time sensitive document via email and assume it has arrived. Nor is it commercially efficient or effective to dedicate time to chasing customers for information – the process is time consuming for the business and often inconvenient for the customer. For any organisation, especially those in the business of delivering professional or advisory services, it is now time to start thinking about making the move to a web portal for business critical transactions – or ultimately your business will start to suffer.

Stuart Evans

Since joining Invu as Chief Technical Officer in 2007, Stuart Evans has overseen the development of Invu Document Management, taking the Invu product portfolio from a simple eDM solution to a suite of products that can automate processes, provide real-time information and offer security and compliance of critical data. Prior to Invu, Stuart was a lead architect for Sage, overseeing products for the accountancy marketplace and also establishing the Sage SAAS provisioning team. Stuart has 20 years’ experience in the software industry, largely in development, but also in sales and professional services.

  • Bhavna Singh

    Nice article Stuart! Adopting document management system to be paperless is a secure and nice idea. Being paperless your document are not only safe but are also available on ease to update, view, printout, mail, sharing etc. And the ultimate result you will get with increased ROI.