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Document managing systems may cut costs for engineering firms

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The technical age is well underway, and a number of different industries are going digital and opting for paper-free systems. Another industry that has the option to do this is the engineering field, according to Manufacturing Computer Solutions.

The system the source discusses is called Version One and, the source says, it may cut manual data entry by more than 80 percent, allowing for fewer work days per year. For the engineer who has recently started an independent firm, this could amount to a significant amount of money saved from fewer hours worked by employees.

“By eliminating time-consuming manual processes we anticipate that Version One’s systems will save us up to 50 days of staff time each year and reduce manual data entry by 85 percent. This will transform staff productivity and make our P2P processes significantly faster,” Steve Laird of OLD&E finance told the source.

Though using virtual document systems may help engineering firms save money by not having to maintain paper documentation, like many technical options, it may carry some amount of risk. To ensure that engineers are financially protected against any errors that may result from managing client information on a document management system, they may benefit from having errors and omissions insurance coverage.

 

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