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The next big trend? Electronic forms processing.

Publication: KMWorld
Publication Date: 01-JUN-04
Format: Online - approximately 1210 words
Delivery: Immediate Online Access

Article Excerpt
What is the next big trend for operational efficiency? How will automation of business forms contribute to this trend? Which vendors now drive this trend, and the automation of business forms?

Research of large organizations and integrated solutions provided by Adobe and Documentum reveals in...

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...that automating forms-based information workflows and, particular, the lifecycle of business forms represents billions of dollars of potential efficiency gains and hard-dollar cost savings.

* The typical global enterprise uses an average of 400 complex business forms amenable to automation;

* The forms lifecycle consists of eight major phases, starting with create and ending with archive;

* Each lifecycle phase consists of 3 to 11 activities that one or more knowledge workers must complete;

* The typical business form costs $75,000 to manage through its lifecycle;

* Each form contains about 170 days of labor throughout its lifecycle;

* The forms-completion phase (in which the user fills in and submits a completed form) constitutes the most expensive set of activities; this includes time and effort expended by the forms end-user to complete the form and...

NOTE: All illustrations and photos have been removed from this article.



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