Why Document Management is Necessary for organization?

Why Document Management is Necessary for organization?
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Shaun VermaakTechnical Specialist/DeveloperCommented:
For me, it is about retention policies which go hand-in-hand with DMS. Only keeping what should be kept and archiving deleting what is not

Some other points
1) Increase Collaboration & Communication
Having a Document Management system in place promotes quicker and easier collaboration among employees, especially across geographic locations. By having the ability to quickly access documents and share them through an online workspace, such as an intranet, it allows users to work together on the same project with no hassle. Through other collaborative features included in your intranet software, these documents can be saved and shared among employees throughout the organization.
2) Reliable Document Version Control

For large organizations, maintaining updated documents and keeping information current can often be a struggle. Our customers often run into that problem before moving to a Document Management system. By having document management software, it is easier to keep track of documents and keep them up-to-date. Users can simply upload a document then manage the updates and versions online through their intranet. Our Document Management feature includes an automated archive and clean-up function to better organize and maintain documents.
3) Increase Time-Cost Savings

Ever heard the saying, “time is money”? If we go back to our scenario above, it took so long to locate a specific document, that the boss was late for her meeting. This is costing the organization in man-hours and potentially costly mistakes without arming managers with the best information available to make the right decisions. By having all these documents organized and filed on your company intranet, it makes it much easier and faster to locate the right information. With a few clicks of the mouse, the document can be found and used accordingly. You can include Quick Links to popular or important documents on your intranet homepage to make the search even faster.
4) Eases Accessibility

With more and more people working from home or traveling for work, it is critical that they have access to specific documents or policies when they are not in the office. While some may argue that this is easily done with paper documents, there’s still a chance that halfway through your flight you realize you forgot something back at the office. Having these documents online and accessible from anywhere is more efficient and can save a lot of time and stress. With our Mobile Intranet application, we make your intranet available from your mobile device, making getting a certain document even easier, especially when you’re on the run.
5) Increase Productivity

Uploading, editing, tracking and sharing documents takes half the time with a Document Management system. Because of this, it enables employees to be more productive and ultimately more efficient. The time spent searching for documents through several different cabinets can now be used to get more work done. An intranet allows the company to store all its documents and data digitally in one organized place which can be accessed on the intranet from any computer or mobile device with permission.
http://www.meniko.co.za/blog/why-is-document-management-important/
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Document Management

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