The Growing Demand for Cloud-based Workflow and Document Management Systems
The Growing Demand for Cloud-based Workflow and Document Management Systems
The COVID-19 pandemic has changed the way organizations view technology, facilitating unprecedented levels of innovation. The U.S, among other countries, is now facing an economic recession, the likes of which the world has not seen since the Great Depression. While some organizations have had no choice but to cut their losses, some technology leaders have been developing new systems to help businesses cope with the changing economic landscape, thus the demand for SaaS Cloud EDMS software is on the rise.
In the United States, digital technologies have grown to be a determinant of economic growth. The global digital transformation market size has expanded significantly in the last few years. The digital transformation market size is USD 880.28 billion in 2023 and is projected to reach 4,617.78 billion by 2030 with a CAGR of 26.7% from 2023 to 2030. The U.S. currently hosts the world’s largest technology market, representing 32% of the global market. Like other countries, the technology sector accounts for a notable portion of the nation’s economic activity.
Our Post-Pandemic World Has Changed the Way People Work
The coronavirus forced more than 2.6 billion people (one-third of the global population) into quarantine, necessitating new technological development in communications and collaboration. In 2018 roughly 5 million employees (3.6% of the U.S. workforce) worked from home – substantially lower than predictions for upcoming years.
Upwork estimates that 22% of the workforce (36.2 million Americans) will be working from home multiple days a week, by 2025, paving the way for a new era in telecommuting.
Historically, one of the biggest setbacks in the telecommuting movement has been centered around employers’ trust or rather lack thereof. Telecommuting creates distance between managers and employees, making it difficult for managers to gauge employee proficiency; with managers, for decades, evaluating employees based on attendance. Conversely, experts have been advocating for results-based productivity metrics for many years.
The COVID-19 crisis has certainly raised questions about organizations’ current approaches to management. Due to the recent influx of new data and workplace statistics, many experts are beginning to speculate that working in an office may soon become a thing of the past, specifically in professions where commuting isn’t a necessity.
The Demand for SaaS Cloud EDMS Software in our Post-Pandemic World
In 2022, the global document management systems market was valued at USD 5.52 billion and is now expected to reach 18.97 billion by 2030. The growing demand for workflow transparency and efficiency has supplemented the demand for SaaS Cloud EDMS software workflow and document management systems, paving the way for rapid growth in the industry.
Last year, most engineering firms adopted an engineering document management system (EDMS) to manage engineering workflows, document version control, and to view/redline CAD files that often require expensive pay-per-user CAD licenses. An EDMS is a cost-effective solution for IT professionals looking to improve business processes while engineers transition from working in the office to telecommuting.
Organizations across many industries are racing to increase efficiency and institute productivity-enhancing systems that offer quick return on investment. In our post-pandemic world, firms will need to continue to rely on innovative business processes and the digital transformation tools they need to manage these processes, further stimulating growth and scalability.
SaaS Cloud EDMS Software for Engineers, Built by Engineers
Our EDMS solutions are designed with the efficiency of engineers in mind and helps engineers manage and solve complex workflow and document management problems. Our solutions also help to improve productivity, security, document version control, product data management and file distribution, while ensuring documents are backed-up and stored in compliance with best practice guidelines.
Cloud or No Cloud. Your Choice.
Discover more about the differences and select a solution that best fits your needs. Learn More >
The Discipline of Workflow Schedule Management
Business operations seem more chaotic than ever. The economic swings seem bigger; the labor pool is tighter, more diverse, and more geographically dispersed; the amount of information is enormous; and at the end of the day, management has just become harder. Trying to get your arms around all that’s going on and ensuring the organization is focused on getting the tasks done is now more complex and daunting. Add pandemics, supply chain disruptions, geopolitical uncertainty, and now even historical inflation.
What is a manager to do?
Additional EDMS Features
Our EDMS solutions
ImageSite and EngineBox are eQuorum’s robust workflow and document management solutions, created to help workers manage their essential workflows while maintaining complete control over their engineering files and documents. Not only do they provide a secure collaboration site for workers, but they also help organizations manage document distribution with third parties like vendors, contractors, and customers. Both systems are offered at a competitive price, enabling organizations to get a quick return on their investment by providing the features and functionality needed to help organizations improve efficiency, productivity, and collaboration. Companies can choose from concurrent user subscriptions or named user subscriptions, ensuring organizations have subscription options that make sense for their business.
ImageSite®
Our single source engineering workflow and document management system. Built in HTML5 so there is no software to deploy to client computers or mobile apps to download. Offered as an On-premise or Private Cloud system.
Our EDMS solutions
ImageSite and EngineBox are eQuorum’s robust workflow and document management solutions, created to help workers manage their essential workflows while maintaining complete control over their engineering files and documents. Not only do they provide a secure collaboration site for workers, but they also help organizations manage document distribution with third parties like vendors, contractors, and customers. Both systems are offered at a competitive price, enabling organizations to get a quick return on their investment by providing the features and functionality needed to help organizations improve efficiency, productivity, and collaboration. Companies can choose from concurrent user subscriptions or named user subscriptions, ensuring organizations have subscription options that make sense for their business.
EngineBox™
EngineBox is a cloud based workflow and document management version of ImageSite that resides outside the corporate network.
The eQuorum Customer Promise
In 2005, eQuorum developed the first all browser-based EDMS. The system, although for on-premise use, was still created to remove client software and JAVA from user computers and allow users to have a single viewer based on the simple navigation functionality of browsers. Today, eQuorum provides that same application in a private Cloud or a SaaS Cloud option. We can do this because we are, and have always been, browser-based, understanding the enhanced speed, security, and usability of this technology.
With the abundance of document management systems on the market today, there’s no doubt that choosing the right Cloud document management software can be a difficult decision. eQuorum is here to provide a comprehensive, powerful, and most importantly – affordable Cloud document management solution. We believe in providing real value to our customers by eliminating unnecessary costs, providing industry-leading functionality, and equipping your team with the right tools using cutting edge technology to bring your products to market faster.
Resources
eQuorum®
We specialize in engineering workflow and document management. Our comprehensive, yet easy-to-use software provides the solution to manage data from design to manufacturing and production, to sales, support and administration.