LuitBiz

The document management system market in India is receiving a lot of traction. However, it also faces a lot of challenges that hinders its growth. However, even under adverse circumstances the document management system market in India is growing at a constant CAGR of 20% year on year. This growth is quite impressive compared to the global document management system growth at a CAGR of 13.6% over the period 2013-2018.

It is true that in India, the use of paper and traditional method of storage are still followed among organizations but the country holds a high potential for automation of document retrieval. Organizations which are keen to streamline the processing of documents are shifting towards DMS.

The paper-heavy verticals in India include the Government sector, manufacturing companies, large enterprises, healthcare, insurance, automobiles, consulting companies, educational institutions, BFSI sector and services sector. Document management system makes work easy as it offers many advantages like cost reduction, improved effectiveness and shorter time for document retrieval, managing document versions and the integrity and reliability of documents, document approvals, etc.

Though the document management system industry in India is growing steadily but it is true that there are a lot of areas which need to be taken care of. The prime concern of the industry is lack of awareness among people which needs to be addressed. Organizations need to understand their inefficiencies and realize the advantages of DMS.

The Digital India initiative is helping to improve the situation in the country as it upholds the concept of digitization. So it can be fairly said that the document management system market is poised for a growth in India.

The requirements of the Indian document management market are quite different from their counterparts elsewhere. Indian companies prefer managing their documents both on cloud and on-premise document management systems. They do not require very complex systems and prefer something that’s easy to use and adopt and users should not be spending a lot of time learning to use the system. The main feature requirements for a document management system in India include:

1. Easy-to-use software
2. Document Version Control
3. Document Workflow
4. Document Audit Trail
5. Document Knowledge Management
6. Document Search & Retrieval
7. Document Indexing
8. Document Sharing
9. Compliance Management
10. Mobile access

All these features are available in LuitBiz DMS. LuitBiz DMS is an extremely easy to use document management software that can be accessed from anywhere, anytime using any device connected to the Internet. It’s extremely easy to get started with LuitBiz DMS and an average user can get started within 20 minutes of signing up as the software comes with audio, and video guides in every screen (the first of it’s kind in the world!)