If you are thinking about business you have to think about some latest technology that can keep your business data safe. Business people today want some options that can help them store their business data safe and secure. Hence, they spend millions of money only on software and hardware that would keep their information secure so that they can access it whenever they want. Ricoh Company has been one of the leading companies that have been providing office document management services to various small and big companies. Recently, the company announced that they are shifting their business model to services where they would provide office document management services in a better way.

Ricoh announced that they will be investing around $300 million to Ricoh global managed document services which has been their pioneering service. This decision would definitely affect the overall growth of the company and it will also help their customers to perform better as they can improve their workflow and also increase their productivity. Ricoh had recently done a researched with IDC that showed that many new companies today are looking for efficient office document management services. According to Angele Boyd, IDC Group Vice President and General Manager, Imaging/Output Document Solutions and SMB companies can enjoy profit of $6 million annually if they go for new MDS by Ricoh.

In one of the researches done by Ricoh in partnership with IDC they also found that many other companies know about the information and document workflow but they are not very sure about how they can cover the documentation expenses. In the research Ricoh discovered that these companies had fragmentation of departments in their organizations and in some cases the awareness level about document management in executives was very low. It was also found that lack of consolidation of observed and unobserved costs can also lead to problems.

Ricoh’s President and CEO, Shiro Kondo said that their new services would definitely help their customers to be more productive and it will also help Ricoh Company to achieve its annual target of $3.3 billion by the end of financial year 2013.