Inside the Briefcase

The Key Benefits of Using Social Media for Business

The Key Benefits of Using Social Media for Business

Worldwide, there are more than 2.6 billion social media...

Gartner IT Sourcing, Procurement, Vendor and Asset Management Summit 2018, September 5 – 7, in Orlando, FL

Gartner IT Sourcing, Procurement, Vendor and Asset Management Summit 2018, September 5 – 7, in Orlando, FL

Register with code GARTITB and save $350 off the...

Infographic: The Three Pillars of Digital Identity: Trust, Consent, Knowledge

Infographic: The Three Pillars of Digital Identity: Trust, Consent, Knowledge

8,434 adults were surveyed to gauge consumer awareness of...

FICO Scales with Oracle Cloud

FICO Scales with Oracle Cloud

Doug Clare, Vice President at FICO, describes how Oracle...

Is Your Enterprise IT the Best It Can Be?

Is Your Enterprise IT the Best It Can Be?

Enterprise IT is a driver of the global economy....

Laserfiche Reveals the ROI of Content Management Software at Schwab IMPACT

November 1, 2011 No Comments

SOURCE:  Laserfiche

SAN FRANCISCO, CA (Laserfiche)—November 1, 2011—Laserfiche (booth #335) today announced the availability of a white paper that explores the return on investment for RIA firms that leverage enterprise content management (ECM) software. Calculations are based on benchmark data from recent industry studies prepared by Nexus Strategy, Moss Adams, and the 2011 InvestmentNews RIA Technology Study.

“With Laserfiche’s 25-year history and experience with over 30,000 installations worldwide, we were able to conservatively approximate the savings associated with using ECM to ‘go paperless’ and automate document-related processes,” said Tim Welsh, CFP, Senior Consultant at Laserfiche. “In total, firms that use ECM can increase profitability by 64.1% to 125.6%.”

Table 1: Summary of Staff and Cost Savings by Firm Size

Firm Size Emerging ($500,000 in annual revenue) Established ($1,000,000 in annual revenue) Enterprise ($4,000,000 in annual revenue)
Technology Investment 1.4% of revenues ($7,000) 2% of revenues($20,000) 1% of revenues ($40,000)
Staff Savings 1,000 hours (0.4 of a full-time employee) 1,500 hours (0.6 of a full-time employee) 11,000 hours (4.4 full-time employees)
Overhead Savings 9.7% of revenues ($48,000) 9.2% of revenues  ($92,000) 9.0% of revenues  ($362,000)
Profit Increase 125.6% 74.8% 64.1%
Business Value Increase $242,000 $644,000 $3,616,000

In particular, firms that embrace ECM realize five major benefits:

  • Reduced paper storage costs.
  • Automation of back-office processes for increased efficiency.
  • Integration with CRM software for increased productivity.
  • Simplified compliance.
  • Increased business valuation.

“For a relatively small investment in ECM software, RIAs can make a powerful improvement in today’s income as well as tomorrow’s long-term business value,” said Welsh.

The paper, “ROI for RIAs,” is available for free at the Laserfiche booth (#335) and Website.

About Laserfiche
Since 1987, Laserfiche® has used its Run Smarter® philosophy to create simple and elegant enterprise content management (ECM) solutions. More than 30,000 organizations worldwide—including federal, state and local government agencies and Fortune 1000 companies—use Laserfiche software to streamline document, records and business process management.

SOCIAL BUSINESS

Leave a Reply

(required)

(required)


ADVERTISEMENT

Gartner IT Operations

SuperCharge Your Cloud

American CISO

IBC 2018

ITBriefcase Comparison Report







We have updated our Privacy Policy. Click here to preview.