The cost of poor information management
The challenge of poor and out-of-date information between front-line staff is limiting growth.
If you are going back and forward between the wrong people at the wrong time, it can decrease productivity. Poor information management exposes the organisation to compliance risks. The financial sustainability of the organisation can also be under pressure.
Corporate knowledge and stringent compliance in today’s risk-adverse, quality and regulatory environment, is more important than ever.
With the NDIS it feels like we are working every single day in a changing regulatory environment. No wonder intellectual, policy and procedure assets are key to competitive business growth.
According to leading market analyst firm, Gartner, Knowledge Management (KM) is a “business process that formalises the management and use of an enterprise’s intellectual assets” helping to promote a “collaborative and integrative approach to the creation, capture, organisation, access and use of information assets, including the tacit, uncaptured knowledge of people”.
A good knowledge management system, such as the Centro QMS platform has many benefits:
you can access information and resources whenever your staff need it
information is retained even after employees have left
standardised policies and processes help you avoid rework and ensure there is one single source of truth
Are your policies and processes up-to-date with the Quality and Safeguarding framework? Align your organisation’s purpose and strategic direction with our all-in-one software to manage policies, processes, documented information, and continuous improvement opportunities.
Request a free demo today!