Paper FAQ’s

The Facts On Paper Costs

If paper and paper based systems are the norm in your company, chances are that your existing systems cost far more than the investment you’ll make in electronic content manageemnt (ECM) systems. Here’s why:

• 3% to 7% of all documents are misfiles or lost

the average company will spend $20 in labor to file a document. $125 to find a misfiles document and $300 to  $700 to replace a lost document

Knowledge workers spend 5% to 15% of theri time reading information, but 30% to 50% looking for it

• a single FAX machine costs $6,200 per year

average time to manually FAX a doument is 8 miniutes

the average offie worker makes 61 trips per week to the FAX, copier and printer

• average cost to send a package by courier service is between $8 and $15

average document is copied 19 times

when an employee leaves the company, 70% of his or her knowledge walks out the door with them

paper files are doubling in business ever 3.3 years

in North America, 80% of all information is still paper based; businesses create over 1 trillion new pieces of paper per year

75% of small to medium sized businesses have no disaster recovery plan

2 out of 5 companies who experience disaster are out of business within 5 years

We encourage you to explore the cost savings iinherent in our ECM and electronic workflow systems.

Contact us today.

Read More – Forrester, The ROI of Imaging

Sources: AIIM, Gartner Research, Copper & Lybrand, Price Waterhouse, Fujitsu

 

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