- US companies spend approximately $20 on labor costs in order to file a document, $120 on the labor required to find a misfiled document and $220 to reproduce a lost document.
- Information worker spend between 20-40% of their time searching for documents manually.
- For lost documents, companies pay a cost of searching that is 6 times the value of the original document.
- Companies that need to redo documents pay 11 times more than the cost of the original document.
- The average paper document is copied 19 times.
- 70% of today’s businesses would fail within three weeks if they suffered a catastrophic loss of paper-based records due to fire or flood.
- Paper files are doubling every 3.5 years. -Coopers & Lybrand
- Information workers take 18 minutes on average to locate a paper document - Gartner Research
- 15% to 20% of paper documents are lost.
- -ARMA International, Delphi Group
- Over its life, a single document can cost an average of $30.
- Companies on average spend $25,000 to fill a typical four-drawer file cabinet, $2,000 to maintain it annually. -Delphi Group
- The average American office worker is estimated to use a sheet of paper every 12 minutes.-Hawken, Lovins & Lovins. Natural Capitalis
Call IMS today and let us show you significant savings in your document management. A powerful document management system to capture, manage, and share paper, email, and digital documents. Improve the bottom-line with increased efficiency and collaboration, and reduce risk by meeting higher standards of compliance and business continuity.
Posts
