DMS: Facts that Encourages to go Paperless in 2021

DOCUMENT MANAGEMENT SYSTEM

The digital transformation due to the pandemic has led companies to adapt work from the home concept. Remote work went from an offer, that only a few companies made, to an inevitable and massive shift in the way that people work around the world. The percentage of home offices is expected to double in 2021, according to a survey from Enterprise Technology Research (ETR).

These statistics show that remote work is not likely to decline this year or anytime soon. It’s important as a company to set up digitally and to ensure that employees can work flexibly from their home office. But in many companies, some of the important business processes still require employees to use paper forms and they can’t access the corporate data they need immediately from home. Thus, 2021 is the best time to go paperless so companies don’t have to deal with employees’ unproductivity along with lost, damaged, or misplaced documents which can easily result in lost data, privacy violations, or lost customers.

 

What is the paperless office?

The term is actually self-explanatory. A paperless office means saving on paper-based documents and using only digitally-supported formats for all business processes. The idea behind building a paperless office has been around for a few decades since it was first conceptualized as “The office of the future” in an article in Business Week in 1975. A paperless environment closely resembles an office utilizing integrated information systems with multiple software tools to reduce paper consumption and improve efficiency in retrieving electronic documents. Paperless environments increase office productivity and collaboration and also helps to manage the company’s data in a more efficient way with the right processes.

 

Advantages of the paperless office

Nowadays, companies can no longer avoid digital work; the advantages are too obvious to affect pretty much all professional fields. Businesses that are always looking for new and efficient ways to optimize their operations must take a look at the benefits of a paperless office here below:

  • Sustainability (reduce printing costs, etc. – better for the environment)
  • More efficient time management through productive work
  • Collaborative work with several people or teams
  • Space and material savings
  • Flexible work environment and mobility, which is essential especially in corona times, but also in the future
  • Central storage in digital form – everyone can access it from anywhere
  • Automatic Data Retention & Digital Backups
  • The search function enables documents to be found quickly (effective time management)
  • Future viability and competitiveness
  • Departments become more productive; more time spent on important tasks
  • Simplified communication using digital tools and media

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While technology supports the move to paperless business practices, not all organizations can afford the IT infrastructure necessary to make the transition. A small and medium-sized business (SMB) often lacks the resources and IT infrastructure to quickly increase server performance and/or expand storage capacity both of which are required for paperless transition.

Cloud systems are known as the foundation for the paperless office and to instantly increase companies’ IT infrastructure. For businesses that are interested in moving to electronic storage and retrieval of documents, cloud computing offers a cost-effective means of making the change.

 

One important technology that enables a paperless office to efficiently capture, store, secure, and retrieve information is an electronic document management system (EDMS).  Document management is becoming increasingly important as the concept of a paperless office is becoming an everyday reality, especially with the growth in cloud storage services.  With a DMS businesses can create, track and store digitized documents. It manages structured data and is focused on documents in formats as Word, PDF, PowerPoint, Excel, etc. The key purposes of a DMS are regulatory compliance and workflow management. DMS applications also have advanced imaging and scanning capabilities, such as optical character recognition (OCR), handprint character recognition (HCR), optical mark recognition (OMR), and more.

 

Conclusion:

The paperless system offers organizations many benefits including increased employee efficiency, productivity, streamline workflows, and information security. The paperless office is a process and not a one-time thing, therefore this transformation requires a certain discipline, the courage to change, and requires good communication within the company. Organizations can use numerous solutions to help them attain paperless environments. But the first step and the most commonly used method of reducing paper is the digitization of current documents.

With the growing availability of electronic document management systems, implementing a good document management solution can go a long way in enabling your organization to reduce cost, improve your business process, increase customer satisfaction, as well as improve employee efficiency and comfort and increase productivity. Contact-us any time to help you find the right document management software for your business needs.

 

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Cyber Threat Intelligence – Know Your Enemy

Cybersecurity Ventures predicts cybercrime damages will cost the world $6 trillion annually by 2021, up from $3 trillion in 2015. It means that cybercriminal activity is one of the biggest challenges that individuals and companies will face in the next two decades.Therefore, it’s better to know about your potential business threats in order to face them. This is doable by investing in CTI, Cyber Threat Intelligence.

 

Cyber Threat Intelligence is to acknowledge threats by having the collection and analysis of information about current and potential attacks that threaten the safety of an organization or its assets. These include individual threats, exploits, malware, vulnerabilities or security breach metrics. Threat Intelligence is composed of many parts. It includes a variety of sources, feeds, and platforms that help businesses detect, analyze, and respond to threats. Together, these parts provide a wealth of valuable information about every aspect of cybersecurity.

 

Knowing about attacks is the foundation upon which all cyber security solutions are built. Without this knowledge, one cannot build an effective security solution and manufacturers are challenged to leverage the wealth of information CTI provides. The benefit of having threat intelligence is that it helps you preventing data breaches and saving you the financial costs of cleaning up after an incident.

Let’s see here below how an organization can protect against cyber threats, and how they use intelligence to augment and improve their security and business operations?

 

Data is The Foundation of CTI

 

Threat Intelligence’s only source is the raw data. This means gathering enough data to address the most important intelligence requirements. Data gathering can be done organically through different sources both internal and external. By leveraging threat intelligence from your own network, such as log files, alerts, and incident response reports, you can recognize and stop threats. If you use a Security Information Event Management protocol (SIEM), this is an ideal place to start. Several raw sources of internal network event data (such as event logs, DNS logs, firewall logs, etc.) are already present in your SIEM. Maintaining historic knowledge of past incident-response engagements is helpful in leveraging more mature threat awareness based on internal sources. External sources can be quite varied, with many degrees of fidelity and trustworthiness. “Open source” intelligence, such as security researcher or vendor blogs or publicly available reputation and block lists, can provide indicators for detection and context.

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Once the data is gathered, it needs to be stored and analyzed in order to feed CTI. A Threat Intelligence feed summarizes data from one or more sources. The majority of feeds tend to focus on a crucial area, such as Botnet activity, domains or malicious IP addresses. The real-time nature of Threat Intelligence feeds means that as soon as a new threat or malicious entity is discovered, the information is packaged in the feed format and streamed to subscribers so he can defend himself against impending attacks before they happen.

 

Threat Intelligence Platforms: The Essential Enterprise Software

 

To face the ever-increasing volume of cyberattacks, the adoption of a platform, that can support the entire security team and the threat-analyst teams, is highly required. In order to assist performing daily incident response, network defense, and threat analysis. The Threat Intelligence Platform (TIP) is used for operational day-to- day blocking and tackling, as well as strategic decision making and process improvement. It provides the ability to capture, organize, store, analyze, and compare multiple feeds simultaneously. You can then correlate these feeds with internal security events and create prioritized alerts that analysts can then review. In addition to many other applications, a SIEM also works this way. It should also facilitate the management of the Intelligence Lifecycle as it is used by intelligence organizations worldwide for a threat intelligence program.

 

Conclusion

 

Threat intelligence management is an ongoing effort. The threat landscape is already large, and it’s only growing, becoming more complex and getting more efficient as time passes. You have to constantly examine your defensive positions and adjust your operations and strategies to defend yourself against the evolving technologies and rivals that endanger your assets. In the same way that an individual pay for a gym and attends it regularly to keep fit, your organization must make a continual investment and commitment to protect your assets. Any delay is a moment of risk. Your assets are being examined. Your vulnerabilities are being identified.

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