What percentage of documents do today's organizations create electronically?

Study for the IOFM Accounts Payable Specialist Certification Exam. Prepare with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

Organizations today have increasingly adopted electronic means for creating, storing, and managing documents. The statement that 90% of documents are created electronically reflects the significant shift in how businesses operate in the digital age. This trend is driven by numerous factors, including the need for efficiency, ease of access, and the push towards paperless environments to promote sustainability and reduce costs associated with physical document handling.

Many organizations have implemented digital solutions that facilitate the generation of documents such as invoices, contracts, and reports, moving away from traditional paper-based methods. This not only streamlines workflows but also enhances collaboration, as electronic documents can be easily shared and updated in real-time. Given the prevalence of digital communication tools and software applications, it is realistic to consider that 90% represents a typical benchmark for organizations heavily reliant on technology.

The other percentages, such as 50%, 70%, or even 100%, suggest either underestimation or overestimation of the trend in documents created electronically. While it is possible that some organizations might still operate using a substantial amount of paper, the overall corporate landscape leans heavily toward electronic documentation.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy