Finding A Document Management Solution – In-House vs. Hosted Solutions
Before we get started, some of you may be asking what is document management?
Document Management is the ability to manage all of your paper documents in an electronic format. Let’s define “paper documents in electronic format”.
Basically, there are two types of document management systems, either an in-house solution, or an outsourced hosted solution.
So,which one will best suit your needs? Good question. Most companies base their decision on available staff to maintain these systems, and the technical abilities of those staff members. Cost of a solution is also a deciding factor. While the cost of an in-house solution is higher up front, having the technical staff to support it, it typically pays off in the long run due to the calculated Return On Investment (ROI). The lower cost of a hosted solution is appealing to many companies because this solution puts the technical responsibilities on the solution provider. It’s also beneficial in that most of these solutions are web-based. While some companies can truly benefit from the hosted solution, many...
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