Energy & Utility Management

Driving Data & Decisions

Category enterprise content management

Sustainability with Intelligent Information Management

Fighting climate change has undoubtedly become, and rightly so, one of the major drivers of people’s behavior in recent years. At the same time, the importance of sustainability to business has grown too. Whilst companies have to a large extent realized their responsibility on sustainability, the ability to find ways to become ever more environmentally healthy remains a challenge.

Many companies have or are initiating their environmental policies, aligned with an increasing amount of similar requirements from their trading partners, which places demands upon their own internal processes. Thus, sustainability has become a clear factor on B2B sales, not only B2C, As people are placing more and more importance on these topics in their personal lives, green values have become an important factor.  Employee demands for sustainability change are becoming selection criteria when applying for a new job. This places far more emphasis on a prospective employer to show a progressive approach to these demands if they are to persuade new talent to join.

Challenges for sustainability in Information Management

The role of Information Management is often not the most obvious when it comes to a sustainable way of working. The most notable effect of modern IT systems is clearly their ability to support collaboration over vast distances, i.e., as an enabler of remote work and avoiding unnecessary travel to business meetings. The COVID-19 epidemic has quite naturally sped up the transformation towards remote work, so communications over remote meetings with Teams, Zoom, etc., have pretty much become the norm.

Even though modern remote meeting systems enable communications over remote connections, they are not very good for non-formal communications that we tend to do while in the office or meeting clients or partners on site. The lack of such non-formal communication places even more importance in information management processes, including tools for employees to easily carry out their responsibilities.

Traditionally, managing the company’s business critical documents has been especially reliant on the non-formal communications taking place in the workplace and physical meetings. Finding the correct documents or previous work has been done by asking around in the office. A lot of documentation is simply replicated, with approval processes largely completed by signing paper copies in the office. Thus, better means for document & content management are certainly one challenge that companies need to address, allowing operations with reduced overheads.

Besides providing means for remote work, there are other factors in Information Management systems that affect the total CO2 footprint of a company. As these systems consume substantial amounts of energy, optimizing their usage of computing resources and digital storage would result in a more sustainable workplace. Unfortunately, such issues were largely overlooked when companies initially set up their information management systems and, therefore, offer considerable room for sustainability enhancement.

Sustainability challenges have gained more attention lately. For example, Capgemini has recently produced a report and an article about “Sustainable IT” that outlines very similar conclusions as mentioned here: Sustainable IT Leads to Significant Benefits But Is Still Not a Focus for Most Organizations.

How to make content management an asset for sustainability

State-of-the-art information management usually relies upon Enterprise Content Management (ECM), i.e., managing a company’s documents and the information related to them. The question is: How can a company become more sustainable by improving the way they are using and managing their documentation?

Reflecting the challenges outlined above, the benefits of an ECM system for a company from the sustainability viewpoint can be summarized by the following three points:

  1. A common system for accessing documents and supporting digitized processes.  This approach enables effective collaboration on the documents, typically involving review & approval processes, even when working remotely. Thus, an ECM system can act as an important enabler for remote work, avoiding travel to meet clients and partners whilst enhancing customer service.
  2. Avoiding document copies.  Document version management in ECM systems and the ability to use document links instead of email attachments, reduce storage requirements, thus saving energy required for maintaining multiple document repositories. In practice, this means that the companies can reduce the amount of network drives & other repositories by utilizing modern ECM systems.
  3. Cloud environments enable computing resources to be securely shared. A cloud-based solution is a collaborative resource distributed among many users / clients, thus using processing power much more efficiently than systems relying on the processors in each users’ PCs or company servers. In this manner, using cloud-based ECM solutions can drastically reduce the overall computing power needed for document management.

Improving a company’s sustainability can be seen as a ripple effect: changes that by themselves seem small but combined together make a real difference. Applying modern ECM technology to enable intelligent information management is an important part of striving towards more environmentally healthy way of working.

Source: https://resources.m-files.com/blog/sustainability-with-intelligent-information-management

Working From Home Still Needs to Mean Working Securely

It’s no secret that telecommuting or working from home has been on the rise over the last ten years, particularly as high-speed Internet connections have become a ubiquitous part of our lives. Everyone knew that this was the way of the future – thanks to the COVID-19 pandemic, however, “the future” arrived quite a bit faster than most people probably expected.

According to one recent study, at the highest point of the pandemic in May of 2020 roughly 35% of people found themselves working from home indefinitely. A significant percentage of them are expected to continue to do so long after the pandemic has passed us by.

Of course, this isn’t necessarily a bad thing. Another study estimated that working from home has the potential to increase productivity by as much as 13%. About 77% of respondents to one Stanford study said that working from home at least a few times per month increased their productivity, allowing them to do more work in less time. It also improved employee satisfaction, while cutting attrition rates by as much as 50%.

Working from home does bring with it its fair share of challenges, too – especially for organizations dealing with inherently sensitive information like accounting firms. All the productivity and performance benefits in the world ultimately won’t mean a thing if employees are suddenly sharing and working with confidential information in an insecure environment.

Recently, the team at M-Files did a survey with Accountancy Age on data security-related issues that accounting firms in particular face when having employees work remotely. The survey’s findings paint a vivid and important picture about how far telecommuting has come, where it all might be headed, and the challenges we’ll need to face along the way.

The Issue With the “Old School” Methods of Communication and Collaboration

Obviously, it’s critically important that accounting professionals have the ability to create, share and collaborate on data with one another – regardless of where they happen to be. When everything shut down and people suddenly found themselves working from home indefinitely during the onset of the pandemic, firms turned to a number of “solutions” to help make this possible – with mixed results along the way.

According to the aforementioned study, some firms took to sending important documents and other pieces of information through the postal service to get it all into the hands of the people who needed it the most. The issue here is that it simply takes too long to get items to employees who depend on it to do their jobs – to say nothing of how this method makes collaboration essentially impossible.

Not only that, but a sudden delay in postal deliveries – like the ones experienced during the last half of 2020 – could grind productivity to a stop. Early on in 2020, three-day USPS mail service was already taking an additional four or five days to reach 99% of recipients. Flash forward to the end of the year, and it was taking an extra 14 days. This, coupled with the potential that a sensitive item could always be lost in the mail with no way to recover it, make this method essentially a non-starter.

Other firms turned to email – a tool that they’ve used successfully in the past. This, too, brings with it a number of issues – chief among them being confidentiality. It’s simply far too easy to click one wrong button or mistype a character and send sensitive client information to the wrong person.

If you’re trying to collaborate on a project with other employees, this too is less than ideal because it creates too many unnecessary steps. If three people need to sign off on a document before it can be approved, Person A has to send it to Person B – at which point the waiting begins. Maybe Person B gets to it today, maybe they don’t. Regardless, Person C literally can’t do anything because they’re waiting on someone to act on an item that this individual may or may not have even seen yet.

On top of it all, emails are inherently insecure. Unless you can guarantee that all remote employees are using advanced security methods like two-factor authentication – which you can’t – there is always the potential for an email account to be compromised, exposing all of the proprietary and sensitive information that has ever passed through it at the same time.

Finally, the working from home revolution has exposed a major issue at the very core of many accounting firms – namely that they’re using far too many applications or systems to manage and share business and client documents to begin with. According to the M-Files study, 23% of firms use at least three such systems on a daily basis. This can include things like email folders, files and folders across shared network drives, CRM and ERP systems, a dedicated accounting solution, file sharing applications like Dropbox and more.

At that point, simply knowing where to find an essential document becomes a uphill battle. Likewise, if something important is stored on a local shared network drive and you’re now working from home, how do you access it? The answer is clear:

You don’t.

Tearing Down the Old School to Build the New One

Thankfully, there are modern solutions built with this type of data security – not to mention communication and collaboration – in mind. It’s simply up for accounting firms to embrace them.

A document management solution like M-Files, for example, can consolidate all data across an enterprise into a single, easy-to-use system. It allows accounting firms to organize information based not on where it is, but on what it is – all while giving people the chance to access it through a single view without needing any expensive or time-consuming data migration.

Keep in mind that if information is being shared among employees with a private tool like Dropbox, firm leadership suddenly has no control over what it is and what is being done to it. It can easily be lost or compromised in some way and this is actually a major source of duplication and version issues. But with M-Files, you can leverage features like dynamic organizational permissions and permissions-based content and context to secure documents and folders based on who needs access to them to do their jobs. For the right person, that information is easier to find than ever. For the “wrong” person, they’re totally cut off from it – exactly as it should be.

In the end, working from home isn’t going away anytime soon – and that can very much be a good thing under the right conditions. Trying to manage sensitive accounting firm information using methods that were designed for a time when everyone was still in the office is only inviting disaster. Instead, true document and content management is needed and tools like M-Files can help bring it to accounting firms everywhere in the easiest and most cost-effective way possible.

Source: https://resources.m-files.com/blog/working-from-home-still-needs-to-mean-working-securely

The M-Files Metadata-Driven Document Management Platform Delivers Nearly 270% ROI According to New Total Economic Impact Study

Independent Research Shows Customers Using M-Files Experience Over $5 Million in Benefits, Including Enhanced Compliance and Audit Processes, Increased Revenue, and Improved Client Experiences

AUSTIN, Texas – November 22, 2021 – M-Files Corporation, the intelligent information management company, today announced findings from newly published research revealing the cost savings and business benefits enabled by M-Files. The Total Economic ImpactTM of M-Files, a commissioned study conducted by Forrester Consulting on behalf of M-Files, determined that the M-Files metadata-driven document management platform can deliver nearly a 270% return on investment (ROI) over three years to midsize and enterprise customers. In addition, the November 2021 Forrester study concluded companies using M-Files accrue quantified benefits of over $5 million, consisting of better documentation and search functionalities, improved compliance and audit processes, and increased revenue. The research also found customers achieved $3.68 million in net present value (NPV) savings.

According to the study, “The M-Files metadata-driven document management platform allows content to be organized and processed based on what it is and does not depend on where it is stored or require a complex folder hierarchy structure. With this metadata structure, M-Files enables organizations to streamline and automate locating information, categorizing and indexing documents, assigning permissions, initiating workflows, and more… Prior to using M-Files, the interviewees’ organizations had legacy document and information management solutions, but still struggled with disorganized documentation, locating and exchanging documents, meeting high security and compliance standards, and instituting efficient documentation processes.”

The Forrester Total Economic Impact™ (TEI) study shows many quantifiable benefits achieved by companies using M-Files. Examples of these customer benefits include:

  • Improved categorizing and indexing of documents, by 60%. With AI and automation features embedded at the core of the solution, M-Files automates the process of categorizing and indexing documents across departments to enable better client experiences.
  • More efficient searching for documents and information by 40%. M-Files is built on a foundation entirely driven by metadata, so users don’t have to worry about where to find information because the right content is readily available in the context the user needs, when they need it.
  • Enhanced compliance and audit processes, by up to 25%. M-Files provides enterprise-level security to safeguard the security and privacy of an organization’s and its customers’ data, with full audit trails for every document that reveals who has accessed the document, and what actions they took.
  • Added revenue because of better documentation. M-Files provides users with a single source of truth to view all information needed to make informed business decisions that drive better business outcomes.

For the analysis, Forrester developed a composite organization based on data gathered from customer interviews to reflect the total economic impact that investing in M-Files technology could provide. The findings demonstrate that customers in the TEI study significantly improved search functionality, increased productivity, and enabled employees to collaborate on task-based work efficiently – all within a convenient, all-in-one platform. One customer noted, “with our previous document management system, you could store the same document six different times. It wasn’t as efficient as M-Files where you store once and have many, many different ways to find it.”

“The Forrester study highlights how our unique differentiation and metadata-driven approach provides our customers with greater functionality and usability, improved employee satisfaction and the ability to provide enhanced client experiences,” said Antti Nivala, founder and CEO, M-Files. “The TEI study found that customers achieved $3.68 million in net present value savings with M-Files, which they attributed to advanced workflows, automated processes, improved collaboration, and eliminated inefficiencies.”

To learn more about cost savings and business benefits enabled by M-Files, download the full Forrester Total Economic ImpactTM (TEI) of M-Files study.

Source: https://resources.m-files.com/press-release-en/the-m-files-metadata-driven-document-management-platform-delivers-nearly-270-roi-according-to-new-tei

Productive Processes and Profit Begins at Home!

In this age of 24/7 Client focus, it is easy for Practice Management to lose sight of the fundamentally important job of looking for internal systematic operating process bottlenecks.

In many cases hidden away in the business, there are functions that remain supported primarily by a mixture of seemingly permanent ‘temporary Shadow Systems” such as spreadsheets and shared drives, all supported by manually driven processes.

Quite often, due to budget prioritization, resource focus or simply not allocating “your own business review time”, opportunities to introduce robust, low-risk digital solutions to help improve productivity and bottom-line profitability are missed.

Typical questions that need to be asked include:

  • Can we ensure our compliance and governance processes are adhered to?
  • Are our data sources secure and controlled?
  • Are we maximizing the value of our data?
  • Do our processes work seamlessly across the Practice and externally to our Clients?
  • Can we guarantee that the GDPR request can be answered?
  • Am I sure that my KPI’s are based upon fact?
  • How can we work smarter?

Many organizations do not have an accurate accounting of their own IT estate. How many and what types of servers? How many and what types of applications? How well utilized is the IT estate? Are there redundancies in application licenses and maintenance? How much of the estate is at the end of service life (EOSL)? Can the estate be consolidated based on newer infrastructure?

Regular analysis of the costs and performance of your legacy applications identifies the gaps, performance degradation, outages, and service interruptions that inevitably arise.  The resulting analytics highlight areas that need to be modernized to improve the performance, availability, and support of your systems.

Importantly, the benefits of process optimization have a wider reach than just the business processes. The operational knowledge and experience needed to manage and oversee people-dependent processes tend to be concentrated in the heads of a few key individuals. This results in greater risk to the business.

Ironically, fewer people with complete knowledge of key processes, also complicate succession planning, making transitions prone to disruptions, relationships with partners strained, and general discontent within the organization.

Ultimately, a more structured, stress-free working environment that enables your teams to function effectively, enhances well-being, and can contribute to staff retention, will enhance productivity, increase customer satisfaction and contribute to greater profitability.

Source: https://resources.m-files.com/blog/productive-processes-and-profit-begins-at-home

Our Take: Gartner Peer Insights and Our Amazing Customers

At M-Files, our goal is to provide knowledge workers with the connected content and intelligent automation they need to empower a smarter way to work. However, we wouldn’t be who we are today without our amazing customers. Our customers are our guiding “why” — and as of today*, we are proud to share that because of them, we have achieved a 4.4 out of 5-star rating in the Content Services category on  Gartner Peer Insights[1], which documents customer experience through verified ratings and peer reviews from enterprise IT professionals.
The satisfaction of our customers has, and always will be, our number one priority. We’re humbled that as of August 1, 2021, 88% of Gartner Peer Insights respondents would recommend M-Files as a Content Services Platform, based on 78 reviews over the past twelve months. We believe achieving such a reputable Gartner Peer Insights rating showcases our on-going commitment to providing customers with new, innovative ways to manage, secure and collaborate around content.
The reviews speak for themselves, and we couldn’t be more humbled our customers think so highly of us:
  • “It is a mastermind software to have when it comes to managing data. I have used M-Files for a long time and I am completely satisfied with the breadth of functionalities it offers.” – Consultant, Services [read full review]
  • “One of the best document management system available in market. Easy to store and manage large files in this application. Collaboration made easy with this application.” – Senior Analyst, Services [read full review]
  • “M-Files is one of the best content management software which lets users to create, manage and store the data. The product is very easy to use and implement.” – Analyst, Services [read full review]
  • “M-Files is a document management software where users can firstly and quickly manage and organize electronic documents. The user interface is very good and the user can perform the multi-task at one time directly from the central dashboard.” – Software Engineer, Services [read full review]
We strive to provide a modern approach to information management that increases the productivity of knowledge workers, ensures a seamless digital experience, strengthens collaboration, enables business continuity, and reduces business risk. Over this past year, it has been our greatest pleasure helping organizations navigate, control, and manage overwhelming amounts of data brought on by digital transformation and the pandemic. We are humbled our customers see the value in our metadata-driven approach and look forward to helping our customers continue to see greater productivity and ROIs across their organizations. *August 1, 2021, based on 78 reviews [1]  Gartner Peer Insights reviews constitute the subjective opinions of individual end users based on their own experiences and do not represent the views of Gartner or its affiliates. Source: https://resources.m-files.com/blog/our-take-gartner-peer-insights-and-our-amazing-customers

The 3 Main Types of Content Services: Collaborative, Archival and Transactional

Over the past few years, content services have fallen into one of two different categories: transactional or collaborative. Transactional content, as the name suggests, directly relates to the case management content that businesses are working with on a daily basis. Collaborative content, on the other hand, has to do with all of those project-related documents that people are tracking to actively do their jobs.

In the past, both of these would have been handled by way of an enterprise content management system, otherwise known as an ECM for short. Unfortunately, this had led people to attempt to divide up their workflows based on which technologies help to solve their content problems. In reality, things would be much more productive if efforts were divided up based on the content type they were working with.

To that end, there are three main content types that any modern enterprise needs to be aware of: collaborative content, archival content and transactional content.

The Building Blocks of Collaborative Content

As stated, the first main type of content that most enterprises work with has to do with collaborative content. That is, the type of content that exists in the types of systems that people use to more efficiently work with one another on projects. Examples of these systems include but are not limited to ones like Slack, Teams and even “old school” email collaboration.

The purpose of these systems is clear: they’re supposed to optimize the way people work together.

The issue is that especially in the fast-paced modern era we’re currently living through, collaborative content is the type that is most likely to get “lost” over time. People are collaborating on so many different documents across so many systems that organizations don’t really have a sense of what they have – let alone where it happens to be.

Their collaborative content is growing faster than they realize and, coupled with a lack of efficient storage and effective categorization, means that most businesses are soon left with a large stockpile of content and no real way to make sense of it all.

Archival (Read: Old) Content

This segues directly into the next most common type of content: archival content. This refers to those documents or other materials that may not have a pressing short-term need, but that businesses still don’t want to just get rid of.

Usually, archival content is either that which has been retired from an ECM solution or that which has been gleaned from file shares, collaborative solutions, and other areas where people just get overloaded with content.

To successfully manage an archival system, people need to be able to identify and categorize content, all so that they can determine when it is best to permanently dispose of it. Automatic metadata classification tools are essential to that end, as they not only help sort high-quality data from its low-quality counterparts, but they can also help remove duplicate content and solve other challenges.

The Era of Transactional Content

Finally, we arrive at the idea of transactional content: that is, content services that are built to support all of these different content systems. Solutions like M-Files bring the best of CRM, ERP, and even custom case management systems together, all in a way that breaks down data silos and makes sure that businesses have complete visibility over their enterprise at all times.

The main benefit here is that employees can work within just a single system and have access to all of the critical data they need, regardless of where that data is housed. Not only do you still maintain the benefit of allowing people to better work together, but they can do so remotely from literally any device on Earth with an active Internet connection. Here, data is stored externally from the moment of its creation – meaning that anytime, anywhere access to key insights and other important documents is all but a forgone conclusion.

In the end, it’s important to understand your options when picking the right content services and solutions to meet the ever-changing needs of your business. When executed properly, most employees shouldn’t be interacting with content services directly. They shouldn’t have to use seven different systems just to get work done on a single file.

They should have access to a single point that gives them everything they need to interact with their content and conduct business, all while staying in sync with the rest of the enterprise as well. That’s why solutions like M-Files are so essential: they go a long way towards guaranteeing precisely that.

Source: https://resources.m-files.com/blog/the-three-main-types-of-content-services-collaborative-archival-and-transactional

5 Best Security Practices for Remote Teams During Coronavirus and Beyond

Social distancing measures taken by responsible employers have greatly increased the number of employees working remotely. Even in the midst of this crisis, some companies and their employees can enjoy the objective benefits of not having to waste time and money on long commutes. At the same time, plenty of businesses really didn’t have the structure in place to support a vast, full-time work-at-home workforce with the security of business processes they needed.

Remote Workforce Security Challenges During the Coronavirus Outbreak

Because employees or departments scrambled for ad-hoc solutions to remote working, they sometimes sacrificed robust security to get up and running as quickly as possible. Sadly, cybercriminals can also work from home or other remote locations, and many saw the rise in remote workers as an opportunity.

For example, one survey of security professionals found:

  •  A majority of security employees struggled to offer strong security solutions to remote employees.
  • At the same time, almost half of the respondents reported seeing an increase in phishing attempts.
  • Most of these corporate security pros had concerns about their ability to scale security, respond to abrupt environmental changes, and the difficultly of controlling employee use of unknown and untested software.

Five Best Security Practices for Remote Employees

With the increase in cyberthreats and the concerns of security professionals in mind, it’s a good idea to consider some best practices to help keep business systems free of threats and just as important, to ensure compliance with rules that govern privacy and security in different industries.

1. Two-Factor Authentication

With two-factor authentication, sometimes called 2FA, users have to finish their login with a code that gets sent to another device, typically a cell phone. It takes a few seconds longer to access the system, but it provides better protection against phishing attacks. One CTO found that this simple measure reduced security problems in his company by almost 40 percent.

2. Use Secure Connections

Obviously, most of these home workers will rely upon their home Wi-Fi connections. Without any other protections, your security will only be as good as whatever the employee’s home internet company, router, and password can provide. To boost security, you might have employees log in through a VPN or other method of encrypting communication between their home device and your corporate systems.

3. Endpoint Security and Monitoring

No matter how well you protect logins and communication, you still can’t always avoid the threat of malicious code entering your system. On your server end, you can employ software to block threats and monitor system usages.

Even though most threats may stem from accidental vulnerabilities, it’s impossible to ignore the rise of inside jobs as a source of risks. Not only will these systems provide a firewall against malicious software, they can also send automatic alerts for unusual data use and provide a clear audit trail just in case something does happen.

4. Develop and Create Clear Security Policies

Even before the coronavirus outbreak, companies grappled with security issues that stemmed from remote workers and the rising use of personal devices.

For example:

  • In some cases, you may allow personal devices, so long as employees adhere to other security policies. For instance, you may require installation of approved security software and only let employees login to your network through your corporate VPN.
  • In other cases, you may ask employees in sensitive areas to only use the laptops or other devices that you have issued to them and to only use them in approved ways. For example, you may restrict these company-issued devices to work and not allow employees to use them to watch videos or browse social sites.

In any case, it’s important to develop clear policies. In addition to communicating these rules, you should also ensure that employees understand why they’re important and that they can incur consequences for ignoring them.

5. Deploy Secure Information Systems

Deploying intelligent and robust document and data management systems may not take as much of an effort as you think it will. These systems come designed and built to offer robust security and rule-based access for both in-house and remote workers. They also provide audit trails and guarantee recoverability, so if something suspicious happens, it’s easy to trace the issue to its source and remediate it.

How M-Files Offers the Best Solution for Remote and In-House Employees

Companies that already employed a smart data management system like M-Files didn’t have to worry about an abrupt change from working in a corporate office to a home office.

For example:

  • Access to documents could already have been set by role, so the people who needed information would have an easy time accessing it, according to their security levels. To others, that same information would be invisible. The right people could view, change, add, or delete information, and others would not even see it exists.
  • With built-in encrypted access and simple rollbacks for recoveribility, M-Files also has already been certifed as an ISO-27001 Certified Provider. This standard meets the requirements for the most sensitive data and systems.

Besides security, the intelligent features of M-Files can help improve your business processes. To learn how M-Files can help protect your business, employees, and information, schedule a custom demo today.

Source: https://resources.m-files.com/blog/5-best-security-practices-for-remote-teams-during-coronavirus-and-beyond

Why ‘Set It and Forget It’ Information Governance Matters More Than You Realize

Anyone who has ever spent an appreciable about of time working with business information knows full well that the sheer volume of content within their deployment is growing by the day. But at the same time, the variety of content is also on the rise — which can easily lead to governance issues before you know it.

This was always an issue for organizations in the process of scaling, but it has become increasingly difficult in the wake of the still ongoing COVID-19 pandemic. With more employees working from home than ever, information management solutions have become more than just tools to store important files in the cloud. They are literally the foundation of your workforce right now, allowing people to better communicate and collaborate with one another during a time when they’re not going to be able to get back in the same shared space for the foreseeable future.

This, in essence, is why ‘Set It and Forget It’ governance is so important. Every minute that you spend trying to make sense of your infrastructure or trying to get third-party add-ons to work the way you want, is a minute that you’re not actually acting on the insight contained in your data and using it to propel your business forward. Thankfully, most IT leaders seem to understand the gravity of the situation.

The Power of ‘Set It and Forget It’ Governance: An Overview

M-Files intelligent information management solution helps achieve a ‘Set It and Forget It’ governance strategy. With workflow rules, organizations can maintain consistent records management policies. Documents in a governance workflow would be governed by a ruleset whereby any of the following would happen automatically:

  • Records would be disposed of or retained according to policy
  • Stakeholders would be notified to review batches of documents designated for a certain disposition

Files can automatically be added to this workflow, as well, through metadata. If, for instance, a file matches certain criteria — say, a type of contract — it would automatically be applied to a governance workflow.

Thanks to a lot of these features, information in all repositories across the organization are standardized with common ‘Set It and Forget It’ governance standards. Really, what this means is that there is now no longer a need to transfer important information like records or compliance documents to a totally separate repository. This approach to governance only ever worked with records that you didn’t need to use that often and created quite a significant challenge in terms of management for everything else. Active records obviously need to be available with their critical context intact — meaning in a way that allows you to retrieve all relevant documents and see all crucial tasks also quickly. Now, these types of records can be actively managed within the M-Files platform — which is really the most important advantage of all.

In the end, ‘Set It and Forget It’ governance is all about breaking down yet another data silo so that information can move freely across your organization for the first time. Rather than forcing your employees to use a number of different tools just to get work done — thus increasing the time it takes them to complete those important tasks to begin with — they should have access to absolutely everything they need, all under one roof.

But you also shouldn’t have to work very hard to get to this point — which is really what ‘Set It and Forget It’ governance is all about. It’s about making it easier to get the highest return from your IT spending and from your technological investment, not harder. You’ll still need to make sure that the business strategies that are driving your technology investments are carefully thought out, of course. You should never invest in a solution because you think you need to — it should be the right move to make given whatever you’re trying to accomplish at the moment.

Thankfully, “simple” has emerged as a recurring theme when it comes to businesses who are embracing cloud platforms and process standardization — and it absolutely could not have come at a better moment.

Source: https://resources.m-files.com/blog/why-set-it-and-forget-it-information-governance-matters-more-than-you-realize

All the Ways M-Files Supports HR in the New Era of Working Remotely

The ongoing COVID-19 pandemic has created a challenge for us all — but few know this better than the dedicated HR employees who now have to figure out how to effectively do their jobs while working remotely.

Thankfully, M-Files has proven itself to be more than invaluable to that end, offering a wide array of different benefits to human resources officials both during and after the pandemic has finally left us behind.

Offering Superior Remote Access

Obviously, everyone needs “anytime, anywhere” access to key information while working from home and M-Files make this easier than ever before. Everything is all in one place, making sure that the HR employees who need a document always have it, no matter what. Not only is everything inherently searchable based on what is INSIDE the document (not just what it’s called), but this is also a way to keep information safe and secure as well.

Automation, Automation, Automation

Everyone knows that collecting “wet signatures” when updating HR policies and procedures is time-consuming on the best of days… to say nothing of how problematic this has become during the new era when everyone is working remotely.

Thankfully, M-Files can make this process easier by allowing you to send out a copy of new policies to all staff members, have them acknowledge it via a web browser, then instantly file it away in the appropriate folder — all via automated workflows that don’t require HR employees to send out so much as a single email.

Support for a New Era of Leave Management

Thanks to the toll that the COVID-19 pandemic has taken on us all, many companies are (understandably) seeing an increase in leave requests. With M-Files, it’s now possible to create customized workflows that can be started by a manage to make sure that everyone who needs to be informed of such a request — like those in payroll, those dealing with benefits, and others) are an organic part of the process in a way that also makes it easy to track actions as they’re being taken.

Empowering Collaboration

Even though people aren’t physically in the same place at the same time any longer, the need for collaboration is still paramount. Still, sending documents via email can not only create a confusing process that is prone to errors, but it can also cause even the most straightforward tasks to take up far too much time as well.

With M-Files, on the other hand, employees can now effortlessly share information with one another from the devices they’re already comfortable using. Custom workflows can even be created to make sure that documents are always correctly routed from one person to the next as needed, thus empowering collaboration at a time when it is desperately needed.

Employee Lifecycle Paperwork

In the COVID-19 era, remote employee onboarding is a pressing need for many organizations. Thankfully, M-Files enables this by allowing employees to complete all of their onboarding forms at home through a simple and easy-to-use web-based interface.

Once finished, those forms can then automatically be routed to the right HR professionals who can then file them away as needed. This same process can be leveraged whenever an employee exits the business, too — automating notices for everyone involved in this level of exit paperwork.

Better Employee Management Documentation

Even though more people are working from home than ever, there are still certain needs that must be met. HR officials still need to manage and document employee performance, for example, along with all relevant certifications, licenses, and training materials.

Thankfully, M-Files enables this by making sure that all insight ends up exactly where it needs to be: in that employee’s file. This breaks down yet another potential data silo for information to get lost in, fueling better and more informed decisions moving forward.

It’s All About That Return on Investment

Finally, perhaps the most important way in which M-Files supports your human resources efforts in the new era of working remotely comes down to how it can help you recoup as much money as possible from your initial investment.

Keep in mind that moving from the paper-based world into the digital realm can not only bring with it significant cost savings in terms of square footage for your business but also with regards to time saved as well.

You’ll spend so much less time and money because you’re no longer wading through reams of paper — allowing you to funnel more of those funds back into the business in areas where they can do the most good. Plus, you’ll have more time in a day to focus on those matters that truly need you, which may very well be the most important benefit of all.

source: https://resources.m-files.com/blog/all-the-ways-m-files-supports-hr-in-the-new-era-of-working-remotely

The 4 Cornerstones of M-Files Intelligent Information Management in 2021

2020 was a year of unprecedented challenge for the whole world — when what we thought of as normal did not exist anymore. Everyone had to adjust to new ways of working and a business community that was suddenly closing its doors after a long period of increasing global movement. In M-Files, we face the same challenge of suddenly moving to home offices across the globe. For us, it was quite straightforward though, as M-Files is designed to enable remote work from anywhere. Now, let’s take a look at the upcoming new year 2021. The world will certainly not get back to what used to be normal. It is time for the new normal! 2021 for M-Files means continuing on the path we partly took already in 2020 — but with increased focus. The four major themes for us are:

1 | AI Continues to be an Integral Part of M-Files

AI is already a core element of M-Files, essentially making M-Files what it is. Going forward, AI will go even further in enriching search and navigation, driving employee productivity with intelligence that helps the user focus on the job at hand.

2 | Focus on the User Experience

In today’s world, end-users expect to have tools that are intuitive and easy to use. They use different types of apps in their personal lives and expect at least a somewhat corresponding experience in the products they use for business. M-Files is answering this demand with an increased focus on improving the end-user experience, be it the search experience, the usability of the product in general, or the intuitiveness of the workflows that support the business.

3 | Improved Self-Service Capabilities

True scalability calls for the ability to view and analyze the performance of the system. Therefore, one of the areas we want to focus on in the future is improving self-service capabilities. The next step is to offer customers the ability to manage their own M-Files subscription with M-Files Manage.

4 | Making Content Collaboration a Key Focus

With remote work a key part of the new reality for an increasing number of businesses and knowledge workers, content collaboration is an obvious focus area. You’ll see some new stunning innovations in our product related to remote work enablement later on in 2021.

What to Expect Next?

As we open 2021, there’s some good news just around the corner! The user experience is a theme we want to focus on, and there are two current, significant updates that will certainly have a positive impact on the user experience. A new, improved Web Client for M-Files became available in the December release and will be installed in customer environments as the year starts. Additionally, the December release introduced the new Smart Search, which will give faster, even more, accurate search results. If you wish to learn more about any of the new improvements, please contact us for more information. source: https://resources.m-files.com/blog/the-4-cornerstones-of-m-files-intelligent-information-management-in-2021