Why Document Lifecycle Management is a Lifesaver

September 20, 2016

When you hear “document lifecycle management,” you may quickly file the expression into your mind as another company buzz phrase that can be ignored. However, this is not always the case, especially when it comes to time sensitive or confidential material.

What exactly do we mean by document lifecycle management?

Here, we’re referring to the process of a document from its initial inception to proofing, approval, implementation, archiving and eventually its destruction.

It seems simple, but unless there is a set system in place, it can be easy for documents to get lost in the shuffle of everyday work. This is especially true when so many different types of documentation are required: W2s, direct deposit stubs, payroll timesheets, accounts payable, accounts receivable, invoices, contracts, drawings, photos, HIPAA forms, etc.

However, the implementation of an electronic document lifecycle management system can easily help you streamline this process. Here are just a few of the benefits:

Looking to establish your lifecycle management process? pVault™ is your answer. Get in contact with us today to get started.

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