Market Trends & Options by Doug Nichols
Document scanning technology in the construction industry is entering a new era. Introduced about ten years ago, the technology was a stand-alone system with loosely formed interfaces to accounting applications. Early adopters were quick to see benefits through improved efficiency in invoice approval, access to stored documents, and productivity in producing billing backup (no more afternoons at the copier with a manila folder full of invoices.)
As these applications, such as Construction Imaging Systems, matured, the interfaces improved. But the industry was slow to adopt the technology because it was expensive. Eventually, accounting/job cost software vendors realized that they had to provide this functionality natively in their applications to leverage the considerable amount of related data maintained in their systems. This eliminated the issue of maintaining an interface with another application. However, these vendors have a considerable way to go to catch up with stand-alone vendors in terms of functionality.
In many ways, the issues are similar to those of project management software: should you choose best-of-breed software vs. a vendor-integrated solution? Both options have advantages. Typically, imaging software developers offer a more mature, feature-rich offering whereas construction industry ERP software vendors offer less mature, more basic functionality, but with the important merit of integration. Below are the pros and cons of each:
Integrated Application
If your company is currently using an entirely paper-based filing system, electronic document management will significantly improve efficiency and productivity. The challenge, as always, is to identify features and functions that maximize efficiency and reduce the cost of your existing filing systems and processes.
For more information on document imaging software and integrating solutions, contact Doug Nichols at (847) 236-0865.