Setting the Scene
In recent years C-level executives in many of the world's largest and most successful*organizations have been forced to introduce a wide range of cost-cutting measures as*macroeconomic forces continue to create a challenging and uncertain trading*environment. In many instances, and with growth becoming an increasingly difficult*goal to achieve, organizations have been under intense pressure to reduce the cost*base to help growth. But at what cost to future success? An overzealous attack on the*bottom line to maintain shareholder value in the short term could mean organizations*are leaving themselves open to damaging productivity shortfalls in the future.
Cost Reduction - A Balanced Approach
An unbalanced approach toward cost reduction will inevitably bring serious*implications for mission-critical factors such as employee productivity, organizational*efficiency, and competitive advantage. IDC believes that companies need to manage*and improve key business processes in order to capture essential productivity and*efficiency gains. They must also take measures to ensure the enterprise is ready to*meet the challenges posed by the changing dynamic of the future workforce. This*paper discovers how some of Europe's leading organizations are benefiting from*taking an innovative approach to managing and improving the myriad documentintensive*workflows and processes that together form the lifeblood of the*contemporary business.
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