What is Paper Document Archiving and How to Automate It?

Document archiving is a critical process for businesses to store inactive documents securely, ensuring they are easily retrievable for audits, compliance, or future reference. The shift from physical to electronic archiving offers significant space and cost savings, as digital storage allows for efficient document management, security, and searchability. Various methods such as physical, electronic, and scan-on-demand storage cater to different business needs, while automation platforms like Nanonets provide no-code solutions to streamline and optimize archiving processes. By digitizing documents, companies can enhance operational efficiency, reduce fraud risk, and maintain compliance with industry regulations, making document archiving essential for sectors like financial services, retail, law, and public services.