Many programs exist to help manage resumes.
There are software applications you can buy, services you can hire or file drawers you can spend hours on. In essence, it's tracking the applicants that takes so much time. Automating the tracking process can be a boon - if you have the time and staff needed to adequately define essential fields and handle the data entry. If you know you don't have the staff to handle the data entry, look into packages that simply manage and retrieve resumes. So check yours out before making another big-time investment.