What is Document Management?
Document management encompasses systems and processes for capturing, storing, organizing, tracking, and retrieving electronic and physical documents.
In accounting and HR contexts, this includes tax returns, financial statements, payroll records, employee files, contracts, and compliance documentation.
Modern document management systems offer version control, access permissions, search functionality, automated workflows, and integration with other business applications. These platforms ensure document security, facilitate collaboration, maintain audit trails, and support compliance requirements. Effective document management improves operational efficiency, reduces physical storage needs, enhances information accessibility, and protects critical business records from loss or unauthorized access.
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