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	<title>Technology Advisors for Business Consulting Services&#187; Content Return On Investment</title>
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		<title>Enterprise Content Management Cost &amp; ROI</title>
		<link>http://technology-advisors.net/11/ecm-cost-roi/</link>
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		<pubDate>Wed, 26 Nov 2008 15:39:04 +0000</pubDate>
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				<category><![CDATA[Content Return On Investment]]></category>
		<category><![CDATA[Enterprise Content Management]]></category>
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		<category><![CDATA[business life cycle]]></category>
		<category><![CDATA[business process]]></category>
		<category><![CDATA[business process improvement]]></category>
		<category><![CDATA[call center]]></category>
		<category><![CDATA[customer service]]></category>
		<category><![CDATA[customer service improvements]]></category>
		<category><![CDATA[ecm]]></category>
		<category><![CDATA[investments]]></category>
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		<category><![CDATA[life cycle issues]]></category>
		<category><![CDATA[loan application]]></category>
		<category><![CDATA[metrics]]></category>
		<category><![CDATA[process efficiency]]></category>
		<category><![CDATA[product life cycle]]></category>
		<category><![CDATA[repeat business]]></category>
		<category><![CDATA[return on investment]]></category>
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		<guid isPermaLink="false">http://technology-advisors.net/?p=32</guid>
		<description><![CDATA[While Enterprise Content Management (ECM) can be a costly initiative, what are the alternatives of not properly running your business? The expense of not implementing ECM tools is too regularly left unmeasured until it is too late. Without ECM, large expenses can be wasted on attorney fees, loss of customers due to customer service issues, [...]


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			<content:encoded><![CDATA[<p>While Enterprise Content Management (ECM) can be a costly initiative, what are the alternatives of not properly running your business? The expense of not implementing ECM tools is too regularly left unmeasured until it is too late. Without ECM, large expenses can be wasted on attorney fees, loss of customers due to customer service issues, simple business life cycle issues, cost of finding new customers, and FTE salaries.</p>
<p>All of which can result in not only loss of business but loss on income. Understanding the detriment of these latent losses will allow you to see ECM investments out weight the costs. An important measure is to define your priorities and then driving to meet them through reporting and set metrics. Goal metrics can be around business process improvement goals like call center efficiency, customer service improvements, or product life cycle improvement. Metrics around extra income or increased profits based on various business goals really proves the benefit of ECM.</p>
<p>It is important to remember, not all Enterprise Content Management improvements will be apparent financially and are considered soft costs, but the unseen improvements are worth a lot. While identifying an uptick in ROI can be obstinate, it is not impossible to see the impacts of the improved route on business. ECM tools can make your organization efficient and reduce the cost of day to day business functions. These technologies bestow treasure to your organization by more efficiently organizing information for its subsequent retrieval, use, and, disposition. ECM tools are becoming common place in standard business and it is important to keep up with business standards. Who would have thought in the past that every business needs a computer to be effective in todays marketplace. Enterprise Content Management consulting and tools are and will be just as important.</p>


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