Importance of Document Management System with Alfresco for Banking Sector

Importance of Document Management System with Alfresco for Banking Sector

Summary
Alfresco content management can assist the banking industry to establish a document management system for bringing automation and convenience to customers.

The BFSI sector is full of potential but complexities and ever-changing challenges can obstruct the banking and financial services providers from tapping into opportunities. What’s more, the BFSI companies also have to face stiff competition and comply with stringent regulations while offering a secure banking experience.

Here, the document management system can remain handy to serve all these objectives.

Document Management System Banking Sector

Here is a list of important aspects that can be addressed effectively by the document management system.

Key Objectives addressed by Document Management System

Alfresco content management not only brings automation and enhances convenience in the banking sector but also reduces paperwork and streamlines the processes.

Banks and financial services can readily address the following objectives with the help of Alfresco services.

  • Follow document retention policy
  • Eliminate paperwork
  • Removes inconsistency in documents
  • Provide more security
  • Bring automation while removing the legacy system
  • Assist employees of the BFSI sector in streamlining the process

Related blog: Advantages of the Document Management System for Banking Sector

Major Benefits of Bank Document Management System

Apart from removing the bottlenecks of the BFSI sector, an Alfresco-based bank document management system offers many business benefits including

Improved customer service

Customer services play a vital role in ensuring the success of every industry segment, and the banking sector is no exception. It is of utmost importance to enhance the trust factor for the banks and financial institutions. The Alfresco-based document management solutions can assist the banks to address the customer’s wishes and enable them to resolve queries or handle the request as quickly as possible.

For example, an individual wants to open an account. Your bank’s representative can readily find the information about different types of accounts, interest rates, and other necessary information in just a few moments thanks to a document management system. In a way, it is possible to provide better customer service and the bank can get loyal customers.

Compliance

The banking sector is one of the highly regularized sectors. What’s more, these rules and regulations keep on changing every time which keeps the bankers on their toes. The central bank or authorities can also take corrective measures against the banks in the case of non-compliance of regulations. There, the document management system can lend a helping hand. It offers safe and auditable access to critical and confidential data to meet compliance-related needs.

Reduced time

Enterprise content management can arrange the data in an orderly manner. Banks and insurance enterprises can utilize it to reduce time of transaction and save money by avoiding unnecessary spending on papers and printing. Also, the DMS (Document Management System) can make the search process quick and effective.

Collaboration

Teamwork can enhance productivity in today’s competitive business scenario. Alfresco content management system enables banks to streamline the workflow by distributing specific responsibilities to particular people. The management can readily access to the files and monitor employees’ tasks while promoting collaboration. In a way, the Alfresco-based document management system can enhance productivity and facilitate teamwork.

Simplified auditing

Banks have to go through internal and external auditing on a quarterly or annual basis. When it comes to maintaining financial reports, account statements, internal document requests, and other necessary documents, the DMS can simplify the process and assist banks to stay compliant with the prevalent regulations. During the audit process, the executives can readily get important documents, which results in a quick process.

Simply put, a robust enterprise content management system can efficiently close the loopholes in the BFSI sector. Banks can get multiple benefits from such a system and make their operations more customer-friendly.

Why Alfresco is preferable for Enterprise Content Management (ECM)?

Alfresco content management is designed to meet the complex requirements of banking and insurance companies irrespective of their size. The robust Alfresco platform can holistically transform the customer experience by providing them secure, rapid, and convenient access to necessary data. Alfresco also assists the BFSI sector to reduce overheads, enhance agility, and comply with prevalent regulations.

Concluding Lines

In the banking and insurance business, the primary need is to provide an improved onboarding experience to gain their trust and loyalty. Frequent form-filling and slow processes can frustrate the customer. There, Alfresco services lend a helping hand to eliminate these issues and enable you to optimize workflows while keeping the customers and employees in the center.

As a leading Alfresco development company, we offer the best-in-class Alfresco development services. Our enterprise-grade solutions address the diverse requirements of BFSI, healthcare, retail, government agencies, defense, and pharmaceutical sectors. If you want to give your company an Alfresco advantage, send us a message at marketing@contcentric.com. Our expert business consultants will contact you shortly.

Why You Should Choose Liferay Development Services for Your Next Application

Summary
Liferay development has started gaining popularity in the corporate world. Here are the top ten business benefits of Liferay development services.

For seven years in a row, Liferay has held a top position in Gartner’s Magic Quadrant for Horizontal Portals. As an open-source enterprise software development platform, Liferay has set many milestones while delivering robust and reliable web application solutions. As a result, many companies have preferred Liferay development for building customized software with desired features.

Liferay DXP (Digital Experience Platform) is highly scalable and flexible to make elegantly interactive websites and robust enterprise portals. As a business-friendly framework, it has the potential to give a higher ROI at the lowest total cost of ownership (TCO). A vibrant community of more than 45000 active members and a robust support system make this platform even more useful.

Liferay development company

Liferay Related blog: Create A Custom Post Login Action in Liferay DXP 7.1

Here are top business benefits of Liferay framework from the perspective of Liferay development company.

1) Communication
Liferay development services assist companies to provide comprehensive and interactive digital experience. As a result, customers can readily stay in touch with the enterprises and resolve their queries with ease. What’s more, user-friendly features of Liferay platform also enable entrepreneurs to attract more people toward websites and apps.

Content customization feature and easy communication are two big business benefits of the Liferay platform. It is easy for the customers to get the necessary content on mobile devices so that they can go through the content on the move.

2) Easy Customization
Ease of use and many customization options are other noteworthy benefits of Liferay portal. It offers a complete range of customization options that fit for specific requirements of modern business. What’s more, you can readily address the ever-changing requirements in the future with easy customization and modification.

Also, it is easy to provide an intuitive and yet simple user interface in the enterprise software in Liferay development. You can hire Liferay developers to modify the software, and they can come up with the desired solution by repositioning of tools and elements of the Liferay portal.

3) Lowest TCO
As mentioned above, as an open-source platform Liferay is known for offering the lowest TCO. The commercial license of Liferay Portal Enterprise Subscription is business-friendly and cost-effective. Liferay platform is flexible and offers over 60 different tools and 20+ different themes with the license.

Companies can need most of the common requirements like administration, collaboration, and web publishing with the help of built-in features. Altogether, your company can get benefit from reduced TCO and higher scalability of Liferay.

4) Security
This is one of the biggest benefits of Liferay development for SMEs and large companies alike. Data-sensitive sectors like government agencies, BFSI, defense, and retail can remain the biggest beneficiaries of enhanced security. Liferay follows the OWASP and other standards to maintain the utmost security of the portal while safeguarding the enterprise software against any cyberattacks.

As mentioned in the Liferay portal security overview, it offers complete protection against

  • CSRF attacks
  • Open Redirects
  • Uploading dangerous files
  • Content Sniffing
  • Clickjacking
  • Local File Inclusion
  • Path Traversal

It is fair to mention that enterprise software solution built by Liferay is capable of preventing several common attacks.

5) Enterprise Solution
The Enterprise edition of Liferay provides extensive technical assistance to the companies. You can readily manage the web portal related activities with such robust support. Also, the enterprise app is developed without coding thanks to drag-and-deploy modules and features of Liferay, which makes the modification process swift and easy.

Portlets and add-ons also make the developer’s job easy. As a result, you can get a customized enterprise solution in a short time without spending more bucks.

6) High Flexibility
Liferay DXP has portlets that offer support for many available programming languages like C++, Java, PHP, .NET and the like. This is one of the reasons why enterprise software developed by Liferay is highly flexible and customizable. Liferay development company can build the application by integrating various resources available in the market as the platform is based on Java.

Also, Liferay can easily integrate with almost every popular ERP and CMS systems. It has the flexibility to integrate with old and new technologies. In brief, Liferay application developers can easily change settings and configuration to meet the client’s needs in the best possible way.

7) Better UI/UX Compatibility
UI and UX play a vital role in ensuring the success of web and mobile applications. Liferay offers better UI and UX compatibility. The platform is supportive of CSS, HTML5, and other prevalent design technologies. Such compatibility enables developers to come up with engaging and interactive software solutions.

8) Personalized Experience
Users can personalize web pages and portals with the help of Liferay framework. These personalized web pages can give more pleasant and rich experience to customers. The ECM (Enterprise Content Management) system can be managed and maintained with ease through Liferay DXP. You can add, edit, or remove the content as and when necessary as Liferay platform enables it. This feature makes Liferay one of the most preferred platforms for developing enterprise-grade web applications.

9) Unique APIs
Liferay possesses out-of-the-box workflow APIs, which are responsible for providing an excellent user experience. These APIs can save time and efforts of developers and users. They are also useful for avoiding development glitches. APIs are also customizable to modify and create workflows as per the user’s needs.

10) Excellent Modules
Modules are useful to integrate desired features and functionality. Liferay development services can utilize the excellent modularity of this platform to meet the diverse needs of business. For example, instead of developing a large application, it is possible to build small modules while ensuring the seamless performance of the application.

Over 60 modules enable the developers to manage installations and maintain the software with ease. All these modules are in drag-and-drop form and therefore, they are easy to deploy.

How about contacting a reliable and reputed Liferay development company to know more about more benefits of Liferay development?

Related blog: How Document Management System Benefits Shopping Malls and Retailers

Parting Shot
Liferay development services aim at delivering rich apps with engaging customer experience. It can help you improve the customer journey through the seamlessly-performing web app and software solutions. Many enterprises rely on Liferay DXP to improve customer experience and enhance brand engagement. Summing up, Liferay framework can bring digital transformation and drive the growth of your business.

ContCentric is an emerging Liferay development company that provides the best-in-class services in the domains of Liferay DXP upgrade, portal development, Liferay consulting, and technical assistance. If you want to get robust and reliable software solutions in a cost-effective way using a Liferay platform, just send us an email at hello@contcentric.com. Our experienced consultants will contact you soon.

How Document Management System Benefits Shopping Malls and Retailers

Every business depends a lot on documents. In today’s digital age, it is necessary for enterprises to have documents in electronic form. The reason is simple- the paper documents are hard to store and retrieve as and when necessary. The paper-based data can be stolen, leaked, or misplaced easily, and as a result, the company may have to face the consequences.

There, the document management system comes into the picture.

Companies, irrespective of their scale, size, and nature of business, can leverage the benefits of customized document management solutions. Though such solutions lend a helping hand to every industry sector through bringing automation and convenience to the system, here we will see how they help shopping malls manage the growing data efficiently.

Related blog: How Alfresco Document Management System is Useful for Education Sector

Seven Business Benefits of Document Management System for Shopping Malls

Customized document management software or system is designed to provide swift and secure access to the company’s valuable documents.

  1. Requires less storage space

    Let’s face it. Your shopping mall or retail business generates a plethora of data on a daily basis. The data can be of diverse nature and keep on changing in line with the change in market trends and the customer’s demands. On the other hand, if you store the data in paper form, it is not possible to save the papers in limited space for a long time. Here, the document management system can reduce the necessities of cabinets, boxes, and storage space for your shopping mall. You can save all sorts of digital data on a cloud-based platform.

  2. Improved security

    Shopping malls or retail business face tremendous competition nowadays. Though digital solutions and campaigns can enable them to get valuable data regarding the consumer’s behavior and competitors’ moves, it is a big headache to safeguard the data. As compared to paper-based data, cloud-based data is much more secure. What’s more, you can give them access to data on the basis of hierarchy. The enterprise content management solution also enables you to check who has viewed a document and whether it was modified. In other words, you can readily trace the documents and keep the access secure.

  3. Enhanced compliance

    Shopping malls have to comply with regulatory provisions that are kept on changing with time. It is necessary for the retailers to keep all necessary documents ready for checking and other official reasons. In the instance of non-compliance, it is possible to pay a hefty penalty or the license can get canceled.

  4. Quick and easy retrieval

    One of the biggest benefits of enterprise content management is you can access the necessary data as and when necessary. For example, you own a shopping mall and want to open a franchise in a distant city or another country. Now, all the necessary documents are available even on your smartphone if you have a proper data management solution in place. As per the PWC survey, organizations spend over $20 in the filing, $120 in finding a misfiled document, and over $220 in remaking the lost documents when it comes to paper documents. The tailored document management solution can assist you to retrieve the necessary documents through a word or phrase in a short time.

  5. Increased collaboration

    The document management system makes data sharing and collaboration easy and simple. Necessary documents can be retrieved from different sources in multiple locations. Also, the data in audio, video, or text form can be readily accessed. You can also monitor who is modifying the data and who has got access. Taking an example of a retail business again, it is possible to giving sharing, viewing, and editing access of critical documents to sales managers and other management members through enterprise content management system that enhances the collaboration among key executives while making decisions.

  6. Anytime access

    Thanks to the integration of ECM (Enterprise Content Management) with the cloud technology, anytime access to important documents of your mall or retail business is possible through smart devices. You can retrieve and share the data as you want that increases the overall efficiency of your business and productivity. Anytime access to necessary documents also enables your employees to show the products, services, and important business activities to the customers in real time. As a result, the trust factor in your retail business enhances manifold.

  7. Backup and Disaster recovery

    Can you imagine a backup or recovery of paper-based documents after any disaster? Well, digital classification of your business documents makes it possible when you opt for enterprise document management solutions. Data backup and disaster recovery plan is a part of such solutions. Paper documents are digitalized and archived in the system. In a way, they can remain protected from fire or any related disasters. Also, ECM can protect confidential company documents from hacking and other cyber-attacks through in-built security features.

Wrapping Up
It is fair to mention that the document management system is a sophisticated and robust approach to maintaining documents. It offers benefits like flexibility, competitiveness, better customer relations, and security to your shopping mall business. It also saves your time which directly reflects in higher productivity and sales. In other words, if you want to meet the ever-changing business requirements, you should go for the document management system.

ContCentric is a leading enterprise content management company that offers customized document management solutions across various industry sectors including manufacturing, utility, retail, and real estate. If you have any queries or business requirements, just send us an email at marketing@contcentric.com, and our ECM consultants will contact you soon.

Top Reasons Why Enterprises Prefer Alfresco for Enterprise Content Management

Summary
Alfresco content management has gained fame since its inception. Here are top features that make Alfresco the most suitable platform for document management.

Unstructured and poorly distributed corporate data can create a big hurdle in the path to growth for your business. Also, a lot of paperwork can impair the productivity and efficiency of the workforce. Here, enterprise content management lends a helping hand and enables the company to store and organize all sorts of valuable business information. Read on to know how the Alfresco platform enables companies to manage critical corporate information.

Before going through key benefits of Alfresco content management, let’s have a brief introduction of Alfresco.

Alfresco- Brief Introduction of Excellent Document Management System
Since inception in 2005, Alfresco has remained a popular open-source ECM (Enterprise Content Management). Easy customization, easy extension, and a seamless integration capacity make this platform a choice of developers and entrepreneurs alike. Irrespective of size and nature of the business, companies can readily leverage its benefits by managing the content.

Also Read- Top Business Benefits of Contract Lifecycle Management System using Alfresco

Today, Alfresco offers two editions- Alfresco Enterprise Edition and Alfresco Community Edition. Businesses can select the most suitable version for their document management requirements. The Enterprise Edition of Alfresco further divides into four packages namely ACS (Alfresco Content Services), APS (Alfresco Process Services), AGS (Alfresco Governance Services), and Alfresco Digital Business Platform.

Enterprise Content Management

Let’s go through nine top features of Alfresco that stand it apart from other platforms:

  1. Collaboration is easy
    One of the biggest benefits of Alfresco content management is it provides an easy and seamless collaboration. Alfresco Share acts as a collaboration tool and provides a rich environment for web-based collaboration. It is useful for managing documents, calendar, wiki content, blogs, and the like.
  2. Simplifies business process
    Alfresco has an integrated workflow engine to validate the content before adding to the repository. What’s more, it enables the team to define approval processes for content validation. In a way, this workflow capability can simplify the business processes and manage the content efficiently.
  3. Offers secure access
    The content repository has a pile of data in different types. Also, users are of different types like content creators, reviewers, customers, and team members. Based on their requirements and authorization, there is a need to allow them secure access to the data stores in a repository. Alfresco has robust permission modeling to achieve this objective with ease.
  4. Provides effective search mechanism
    Alfresco has an effective search mechanism to enable users to access the content on the move. The searching capability of the Alfresco platform is based on the content’s metadata and the body of the content. It makes the users easy to find the right content in relatively no time!
  5. Integrates with external apps
    A reliable and reputed Alfresco development company can readily integrate external applications with the Alfresco platform. On the other hand, it is also possible to integrate Alfresco as a repository of a front-end business application. Technical architects prefer Alfresco for its seamless integration capacity with external systems and applications.
  6. Easy transformation of content
    When it comes to the contract management system, the contract document remains in the word format and various teams review it. In the end, the contract becomes active and editable word document is converted into non-editable PDF. Alfresco makes it possible through its robust content transformation abilities.
  7. Higher versioning capability
    Usually, enterprises have a well-defined workflow review process in place. Various departments review the content and necessary modifications are based on their inputs. Alfresco has a versioning capacity to create new versions of the same content or keep the record of existing versions.
  8. Identifies business rules
    Business rules play a vital role in ensuring your company’s seamless document management and auditing of reports. Also, they can provide actionable insights to the management. For example, the contract status is changed as we move the content from one folder to another. If teams are reviewing the contract details, then the document remains in the Review folder. But once it moves to Active folder, the status Active is shown in front of the contract detail. Alfresco can easily define such business rules.
  9. Audits the content
    The content is passed through three major stages- access, review, and edit. Alfresco not only offers secured access to the corporate documents but also give information about the users who access specific documents. It is necessary to find any malicious attempts and loopholes in the content access mechanism. Auditing of content is possible thanks to the Alfresco platform’s content auditing functionality.

Wrapping Up
Enterprises witness challenges like real-time monitoring, productivity-related issues, and regulatory compliance. Alfresco services are aimed at addressing all these challenges and providing higher security at reasonable costs. These are major reasons why Alfresco is a preferred choice of modern businesses worldwide.

As a leading Alfresco development company, ContCentric has delivered robust enterprise content management solutions globally. Our experienced Alfresco ECM developers can readily address the complex requirements of modern business. If you want to manage critical documents efficiently and meet the business objectives with ease, just drop us a line at hello@contcentric.com, and our expert executives will get back to you shortly. Or you can Contact Us here.

OCR in Alfresco Document Management System

Alfresco is a leading platform for Enterprise Content Management. 1300+ enterprises across the sectors leverage their platform to cater to different use cases.

A Clumsy Case of Physical or Scanned Documents:
A very familiar, common but important use of Alfresco services is managing the scanned documents. The scanned documents arrive at the enterprise document portfolio via two major routes.

  • Documents from external stakeholders:
    Vendors, customers, agencies, or partners tend to send the documents in a physical or a scanned state. There is no control over the document generation as that is in the complete purview of the sender. The enterprises have to accept the same. There are limited chances that enterprises can motivate and enable them to send in the native file types like doc, excel, or pdf. Some of these documents are quotations, purchase orders, invoices, circulars, etc.
  • Internal Record in the Physical State:
    In the last few years, enterprises and government agencies have started digitization drives. They get all their old physical records scanned and stored in their Alfresco Document Management System. Since the volumes are huge, it is difficult to store them quickly using proper content models and metadata every time. Also, the file and folder name references are not enough to retrieve a document based on some information that is stored in the scanned document.

Related blog: OCR in Alfresco [Video]

OCR, the Saviour!
OCR, Optical Character Recognition, is a method by which the Alfresco will be added with superior functionality. Alfresco OCR integration is required to add the same. Once the ECM is equipped with an OCR capability, it makes the text written in the scanned document searchable.
All you need is just a simple Alfresco OCR action! For example, you scan a physical invoice and store in Alfresco, and at any point, after any length you require to retrieve the invoice from the ECM from the invoice number or any other text written in the same, you just need to enter the invoice number in the search box and the document is there in the search result. It is as simple as that! In other cases, say you need to retrieve a contract document for a particular vendor which was made ages ago, just type the vendor name which is presumed to be written the document, and you are done.

With that, if you have any query related to that, or want to explore it in your organization, reach us. We would be glad to be part of the solution as an Alfresco development company!

Please give us your feedback by contacting us

How Media and Entertainment Industry Benefits from Media Asset Management

Electronic document management is an advanced option to manage key documents. Here are the benefits of a media asset management system for the media industry.

Media and Entertainment industry is among the most competitive and challenging sectors. It needs to cope with the market trends and ever-changing demands of people. Though the media industry relies on cutting-edge technologies to meet these objectives, mundane paperwork and manual operations can hamper its growth. There, electronic document management comes into the picture as a smarter and more strategic option to legacy business processes.

Before going through the key business benefits of media document management for the media and entertainment sector, let us find out how manual processes impact the show business.

Productivity
Employee productivity is decreased due to hassles in accounts, human resources, and contract management systems. If electronic document management is not in place, employees may spend their valuable time in document preparation and management.

Scalability
Legacy processes are not capable of addressing the growing document management requirements of your media business. The tailored media asset and document management bring necessary scalability in the system and you can readily meet the future requirements.

Inter-departmental Processes
Inter-departmental processes are cumbersome and time-consuming with traditional manual operations. Also, such operations do not ensure any safety of data sharing.

Security
Secure access to documents seems a distant dream in the manual process. Also, manual processes and paper-based document management restrict access on mobile devices.

The media asset management solution can easily minimize the impact of legacy processes and simplify the entire process by securing data sharing. The media asset management system is aimed at streamlining the processes and ensuring proper management.

Related blog: All You Need to Know about Records Management Services by Alfresco

Here are the major benefits of media document management for the media and entertainment industry.

Centralization
The media document management brings document centralization to enable the team to access through fingertips. Centralized documentation also enables users to access critical data anytime and anywhere.

Auditor access
It is easy to meet auditing and other compliance-related needs while mitigating risks. The auditor can access the necessary documents as and when necessary to check whether the financials meet the regulations.

Automation
Interdepartmental processes are enhanced through automation. Invoice generation and other processes can be automated with ease to ensure speed and accuracy.

Higher volume
The scalability of your business can be increased manifolds with automated processes and streamlining operations. It is possible to manage an increased processing volume without hiring new people with electronic document management.

Optimized process
Contract management and other key processes can be optimized to increase productivity and flexibility of media and entertainment business.

Organized approach
Human Resources and other departments’ records can be properly organized to get quick access and ensure proper management.

Competitive edge
Altogether, the customized media asset management system can give you a competitive edge and strengthen your company to deal with challenges.

Concluding Lines

As a renowned electronic document management solutions provider, ContCentric relies on one of the best DMS (Document Management System), Alfresco. We have served our esteemed corporate clients worldwide by providing them high-end, customized document management solutions.

If you want to grow your business with a future-ready media asset management solution, feel free to contact us at hello@contcentric.com.

Top Business Benefits of Contract Lifecycle Management System using Alfresco

Large and established companies that deal with contracts at any level require a contract lifecycle management system. Be it vendor-related operations or supplier related dealings, contracts Traditionally, companies rely on a manual system where contracts were written on the paper. But, as technology evolves, many big companies have started implementing the digital contract management system globally.

The digital contract or Contract Lifecycle Management (CLM) system can simplify the contract process and help the management to access and share contracts anytime, anywhere.

Here are the top ten business benefits of contract lifecycle management software using Alfresco:

1. Centralized Storage
Manual or paper-based contracts are difficult to manage and keep properly. You need to store them in files and keep these files into cabinets. Now, during out of office hours, you may not get access to those papers. The CLM solution enables you to store contracts in an easily accessible Cloud system. You can access the contracts anytime and even when you are on the move. The cloud-based storage offers centralization to the contracts.

2. Rapid Access
Large enterprises deal with hundreds of thousands of contracts on a monthly basis. It is of utmost importance to maintain all of them in a way that no contract is missed. Missing a contract can lead the company to lose opportunities or in a worse case, incur a heavy penalty.

The contract lifecycle management software can enable you to monitor the contracts in real-time while enabling you to search digitally and get the deadline alerts along with the inter-linking of documents.

3. Enhanced Security
E-signatures or digital signatures, authorized access, encrypted data, and other security features of contract management software can give your importance contracts more security. If you run a large business that spread across different verticals and regions, you can get a more efficient workflow with quick execution and approval. What’s more, it is easy to keep colleagues, suppliers, and clients in the loop.

4. Better Collaboration
The contract lifecycle management system aims at providing digital collaboration to the workplace. Alfresco-based CLM solution can enable you to get valuable inputs from all the stakeholders while drafting a contract. It is certainly better and more efficient than email-based collaboration. The CLM software can involve as many people as you want in the process and anyone can edit or view the contract in real-time as per their authenticity level.

5. Complete Control
Alfresco is one of the most reliable and advanced document management platforms. When a CLM solution is made by using Alfresco, you can get complete control over the contact-making and contract management. From access to execution, the contract lifecycle management software can help you to handle every activity with ease.

In a way, you can simplify the process and make it accessible for the employees.

6. Analytics
The Alfresco development company can integrate advanced analytics in the contract management software to track various aspects in a real-time. For example, you can view the contract lifecycle length, document status, upcoming deadlines, and the like. What’s more, the CLM solution can be readily integrated with other relevant software like Google Drive, Salesforce, etc. for increasing productivity and improving collaboration.

Related blog: Contract Lifecycle Management System Using Alfresco ECM

As a result of these benefits, companies can identify and tackle the risk in a better way. It reflects in higher revenue and increased sales figures. Even mid-size companies can leverage these benefits and get better contract management.

Also, companies can readily meet the compliance and necessary standards through a customized CLM solution. You can contact a reputed Alfresco development company to know more benefits and how you can implement a contract lifecycle management system in your workplace.

Concluding Lines
As a renowned enterprise content management company, ContCentric has earned fame for offering high-end solutions using a robust Alfresco platform. contact us for the global corporate clientele with customized and seamlessly-performing contract lifecycle management solutions.

Difference between CMS and DMS

Numerous organizations hope to streamline business forms via automating business data management. however, the quantity of management can be befuddling, particularly when the limits between the arrangements are not all around characterized. For example, consider record and document management system and content management system: Some individuals utilize the terms DMS and CMS as equivalent words, yet that isn’t completely right – however, they have some comparable highlights.

As normal, a DMS is a system that encourages businesses to create, track and store digitized documents. A DMS is utilized to characterize, hold and ensure electronic information. It additionally supports forming, cooperation and work processes. Content management systems are utilized to make and manage different sorts of digital content other than reports in the customary sense. For instance, in addition, being utilized for PDFs, Word documents or Excel documents, a CMS could be utilized to oversee things like pictures, pages, records and flash files.

CMS and DMS applications have different likenesses past the way that both handle advanced information, yet there are significant contrasts between the two also. How about we investigate the similitudes and differences.

Related blog: All You Need to Know about Records Management Services by Alfresco

How CMS and DMS Are Similar

Document management systems and content management systems both do the accompanying:

  • Help manage documents.
  • Encourage information creation, maintenance and circulation.
  • Give a centralized capacity to information.
  • Guarantee quick and simple data recovery.
  • Give high-level data security.
  • Support the content-driven coordinated effort.
  • Offer automated work processes.

How CMS and DMS Differ

Notwithstanding the similitudes, DMS and CMS apparatuses vary in various ways. Everyone has some key highlights that the other doesn’t have, and they manage various sorts of information. Here are a few models:

  • A DMS oversees organized information and is centered around records in the conventional sense in such formats as Word, PDF, PowerPoint, Excel, and so forth. A CMS, then again, can deal with both organized information and unstructured information, for example, web content (HTML and PDF records) and computerized resources (images and audio and video files).
  • The key reasons for a DMS are regulatory consistency and work process management, while the key purposes behind a CMS are capacity, recovery, and publishing of content.
  • DMS applications have propelled imaging and filtering abilities, for example, optical character recognition (OCR). CMS tools, for the most part, don’t support those functions.
  • Integration with big enterprise systems, (for example, enterprise resource planning and client relationship management tools) is basic for a DMS but secondary for a CMS.

As should be obvious from those differences, a CMS assumes a more extensive role than a DMS does, however, a CMS commonly includes probably a portion of the highlights of a DMS, since document account for much of the digital content a CMS handles.

Related blog: Your Concise Guide to Advanced Alfresco Enterprise Content Management

At the small-business company level, CMS and DMS usefulness may look a little similar, because small companies don’t tend to have complex content and data management needs, so they needn’t bother with the full scope of the highlights and features accessible in the two kinds of systems. Conversely, the large company normally because utilize document and content management usefulness without limit, they have to manage a ton of organized and unstructured information.

We at ContCentric touch upon both the segments while it comes to delivering state-of-the-art technology solutions. We leverage Liferay and Alfresco for Content Management System and Enterprise Content Management System respectively by applying our rich experience and expertise in both.

Contact us – We have also visualized common challenges faced in document or content- related in different sectors.

Document Management System for the Real Estate Industry

Real estate industry document management software enables specialists to bring home the greater. You get the opportunity to meet many individuals, help them discover their “fantasy home,” and with the document management system, you don’t should be tied to a work area in an office to do as such.

with such a great number of documents to monitor in the Real Estate business, a document management software is practically obligatory, if not obviously wanted. Having the capacity to monitor sellers and purchasers, business and neighborhoods, and open houses are made simpler with the assistance of Alfresco, a leading document management system platform.

Be that as it may, with selling estate comes a lot of paperwork. You’ve most likely got loads of records holding all the vital documents to lead real estate business. Remaining sorted out, discovering files on schedule, and ensuring you have all the correct papers with you when dealing with the operations can be a convoluted assignment. You’ve most likely pondered whether there was a simpler method to deal with the majority of your documents.

Document management system for real estate industry

Related blog: Document Management System for Chartered Accountants

Most associations store content and information in one or any mix of the accompanying three arrangements: advanced, electronic, and email. Scattering data in these three arrangements alone subject associations to a variety of storage, creation, and retrieval irregularities. Alfresco document management software blocks these irregularities as the software and strategy to put data in every one of the three formats into one focal vault.

Alfresco provides a platform which can be customized to suit the content requirements of the real estate business. With Alfresco content services, you can without much of a stretch oversee, store, access, and manage documents in minutes. You don’t need to burrow through file organizers at the workplace or marvel on the off chance that you have the correct structures in your vehicle as you’re heading to demonstrate a house or land piece. Rather, by utilizing any cloud choice, you can get to your documents anyplace, including from your cell phone, liberating you from the stress of losing documents.

Without sharing in the opportunities document management system presents for those in the real estate business, unstructured content will keep on throwing a shadow on much and shed light on close to nothing, since data does not give boundless explanatory power – information does – and document management system stands to give its clients the way to means to learn for their business.

Related blog: Choose the Best Legal Document Management System for Your Law Firm!

The times of fumbling around for your documents are finished. Alfresco document management system will accelerate your procedures, spare you time, and is inconceivably reasonable. Actualizing Alfresco is simple and takes minutes. You’ll be saving time and money right away!

In document management system usage and use, we make a genuinely necessary change in outlook in data management inside the real estate business—one in which business never again stress the hoarding of expansive volumes of data, but instead the separating and utilizing of knowledge from this data.

We picked Alfresco as we were hoping to reduce the measure of our document storage. The advantages of Alfresco include 1) decrease of storage, 2) MUCH simpler to discover required document, 3) MUCH better association of records. We get good money on paper, boxes, and never again have rented storage. Clients are VERY joy that we can mail encoded records immediately. I’m certain that every one of us in our office saves somewhere around one hour out of each week and more than that amid our busy season.

Real Estate document management software: Above consumer-grade tech

What’s more, the document management system is entirely different than a buyer grade innovation, as it contrasts radically in extension, reason, and capacity. whenever, at Alfresco, we trust that directors and employees inside associations can expect and merit a similar level of ease of use in arrangements that they have come to know in less difficult, consumer grade items—consequently our offering our document management system on a membership display basis– empowering users to reestablish their memberships dependent on experience instead of purchasing the product on expectation.

Try not to put it off anymore — you will have a hard time believing how simple it is going to paperless with real estate document management system!

Keeping applications, protection, escrow, lending documents, and other supporting documents together can be basic by stapling your records together to make one document. Adding comments and adjustable stamps to documents with corresponding posting numbers and other relevant data will help you when searching for explicit details. With form control, you can monitor all amendments made on each record within Alfresco without losing the original documents. This framework can search and recovery, indexing, importing and viewing of documents.

Whenever you need any help for real estate business document management, we would be eager to show you through how our solution can exceed your expectations. Contact us if you are looking for a real estate document management system.

All You Need to Know about Records Management Services by Alfresco

Summary
Alfresco is a robust platform to build a customized electronic records management system. Here is the importance of Alfresco-based records management services.

Every day, a plethora of data is generated in the corporate world irrespective of the company’s size and business model. Growing competition and increasing regulatory pressure compel the organizations to integrate an electronic records management system. This system can meet the records management-related requirements effectively while enabling you to make informed decisions on the basis of data analysis.

Records and document management system

Importance of Electronic Records Management System

There is no exaggeration in mentioning that we witness an explosion of unstructured data across the corporate sector. Documents, rich media, web and app content, corporate records, government policies, emails, and other types of content have made it mandatory for the enterprises to adopt electronic records management system.

The records system can improve your company’s data management process and assist you to strengthen the areas of data security and access.

Related Blog: Top Benefits of Liferay CMS for the Users, Businesses, and Developers

Why Alfresco is the best platform for building Records Management Services?

When it comes to Enterprise Content Management (ECM), Alfresco has emerged as a leader globally. Alfresco facilitates the creation, management, and sharing of files with electronic records management system. One of the best features of Alfresco RM (Records Management) is it supports any type of information. A well-known research firm Gartner has found Alfresco Digital Business Platform better than other similar platforms like SharePoint and Nuxeo.

As per the report by Gartner, Alfresco’s digital business platform can provide great customer experiences and assist companies to achieve a digital transformation.

Alfresco platform is capable of back-office processes and support integration with LOB (Line-of-Business) solutions. It also provides excellent business process application and document management system.

Talking about records management, Alfresco can score high thanks to its governance services module. It has all the features necessary to provide robust and mature electronic records management services. It also complies with a number of standards like DoD 5015.2 and VERS. What’s more, it is easy to deploy records on-premises or in the cloud.

Alfresco-based Records Management System offers the following features-

  • In-place record declaration to provide easy access to the users
  • Business rules can automate RM tasks in the background
  • Dynamic file plans to manage record folders automatically
  • Open source DoD 5015.02 Certified RM solution
  • Seamless integration with Content Services and Business Process Management suits of Alfresco.

Major aspects of Records Management Services built on Alfresco

  • Manage records from anywhere
  • Open and fully-integrated governance for content and processes
  • Easy Lifecycle administration
  • Automated management of records
  • Security, compliance, and auditing facilities
  • Ability to manage both, electronic and non-electronic records.

Be it electronic documents, images, emails, or physical records- the records management system built on Alfresco offers a scalable repository for any type of business content and corporate records.

Related Blog: Your Concise Guide to Advanced Alfresco Enterprise Content Management

Wrapping Up

You need experienced professionals for developing customized Records Management solution around DoD 5015.2 certified records management platform of Alfresco. Irrespective of your company’s size and nature of the business, a reliable document management developer company can implement tailored Records Management solutions in your business system.

Alfresco can provide a solution at a much lower cost as compared to other traditional vendors without compromising on functionality and performance.

ContCentric is a leading content and document management company that offers a robust enterprise content management system to modern businesses across the world. We assist our corporate clients to grab the opportunities generated by content while enabling them to face the growing business challenges. We develop customized content management solutions using the leading platforms Alfresco and Liferay Contact Us.

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