Significance of document scanning for business record keeping

1. Associating with document scanning service to digitize business data increase efficiency and helps to reduce cost and allocate valuable resource efficiently. Managed Outsource Solutions 8596 E. 101st Street, Suite H Tulsa, OK 74133

2. As a business starts progressing from a start-up to an established one, the volume of its documents and records also increase. Today, modern businesses have realized the significance of partnering with a document scanning company to convert their paper records into digital format to facilitate remote access, information backup and safety. While many organizations across many industries have successfully implemented a paperless office, there are still many companies that continue to maintain financial records, legal records, etc. on paper. The time has come to make the switch to digital. Today’s demanding consumers evaluate companies based on their commitment and interest towards adopting modern technology and that’s one of the reasons why digital conversion has become something of a necessity. Documents need to be presented in an organized manner at the time of audits, suits or claims and digitization makes this possible. Businesses also need to digitize various documents for future use. These documents include: Official records Financial papers Contracted agreements Medical records  HR records  Survey maps:  Bills and Invoices Other large documents Digitizing paper documents allows files to be accessed electronically, which saves time that would be otherwise spent searching for that one file that was accidentally misplaced. With your files scanned and stored safely, you don’t have to deal with searching for, copying, re- filing, and storing paper documents throughout the day. Various Type Of Scanning Service For Businesses Large format scanning: If the documents are large in size like architectural plans or blue prints, then a large scanner can be used for capturing superior-quality images. The documents can be saved in a variety of color formats in the specified size, resolution, and file type. Bulk scanning: High quality scanners are used to scan large documents within a short turnaround time without compromising quality. www.managedoutsource.com (800) 670 2809

3. Micro-fiche and microfilm scanning: Tapes, microfilms, and microfiche can be converted into digital format and stored for easier access and retrieval. OCR scanning: OCR scanning provides editable scanned files with support for markup. Once the file is scanned and digitized, it can be searched for specific keywords. Text can be edited easily without affecting the original font style. Growth Projections for the Document Scanner Market With the growing demand for document scanning services, the demand for document scanners is expected to grow at a fast pace.According to a Goldstein market research report, the global document scanner market which was valued USD 22.5 million in 2015 is expected to grow at a CAGR of 13.7% during the forecast period 2016-2024. The rising adoption of document scanners in banking, education and public sector is increasing the expansion of document scanner market in North America region. In Asia Pacific region and Europe region, the banking, education and government sectors are driving the demand for document scanners. The European document scanner market, which was valued at USD 8.2 million in 2016, is expected to reach 22.1 million by the end of 2024. Features such as high speed, high image quality and effective paper handling are driving the growth of the global document scanner market globally. Easy integration and high compatibility with document imaging application are fuelling the need for advanced document scanners. Scanners also route scanned documents to the cloud, which comes with benefits from lowering costs and data security to improving business workflow, productivity and efficiency. Paper documents can easily fall into wrong hands whereas digitizing files helps keep data safe and protected. Partnering with an experienced document scanning service provider can help companies go digital, increase efficiency, reduce cost and save valuable resources. Converting paper files into electronic format can reduce the need for in-office storage space and open up opportunities to improve business operations. www.managedoutsource.com (800) 670 2809