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360º Transactional Document Assessment Agreement
Purpose: The first step in implementing a document management program is an assessment of the existing business processes. Cornerstone has developed and deployed a Transactional Document Assessment Service for the sole purpose of helping executives gather the critical data they need to make sound financial decisions regarding a document management program.
Reason for Service: “The way we manage documents has a lot to do with the way we manage business.” Kevin Craine, Designing a Document Strategy
Corporate America spends up to 15% of annual revenues managing business documents
Documents consume 60% of office workers’ time and account for 45% of the office payroll expense
For every $1 spent on final documents, $10 is spent managing the process
The number of business documents printed grows 22% annually
A well-executed document strategy can impact the bottom line up to 2%
Service:
Step 1: Identify all Transactional Documents
Step 2: Determine the volume of each Transactional Document
Step 3: Record manual steps associated to creating/distributing/storing documents
Step 4: Identify hard and soft costs related to creating/distributing/storing documents
Step 5: Prepare an executive summary of all the data
Step 6: Develop a road map from manual document processes to an electronic document process
Step 7: Propose an Electronic Document Management solution with a ROI model
Document Accessment Services
Contact us today for more information on our accessment services!
Scheduling: Identify a representative from each department. Interviews can be arranged internally or by Cornerstone. Interviews can be conducted via the telephone, but on-sight interviews are favorable.
Time Requirements: Interviews require only 30 to 45 minutes. The Assessment Services can be completed in 1 to 2 days depending on the number of Interviews.
Resource Requirements: Cornerstone will provide a Document Assessment tool. It will indicate data beneficial to gather in advance of the interviews.
Turn Around: Cornerstone will provide the feedback in 5 to 7 working days after the assessment.
Service Fees: There is no commitment as a result of the assessment. The information is yours to keep. Obviously, we would like consideration if there is a purchase, but that is your choice. We charge a nominal fee* of $1500.00 for the 360º Transactional Document Assessment.
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