Whether you work in a small office or large corporation, document management software can simplify the process of managing your documents. It also enhances the security of your data. In today’s business environment, data security is essential. A data breach can be devastating to a company’s finances.
Typically, document management software is available as either a cloud-based or on-premises solution. Cloud-based solutions typically offer a subscription-based pricing model.
On-premises solutions usually require a full-time IT team. The cost of on-premises document management software can be quite high. Most systems charge around 20% of the initial licensing cost. In addition, they typically charge an additional fee after the first year.
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