Taking Aim At Paper Costs

People often ask me isn’t document imaging really expensive compared to using paper. Good question!

If you knew what your paper systems are costing you, you would probably set your sights on this new target …

   

… saving money by using paper-less technology.

  Here are what experts are saying about how costly paper is to your organization:

	Professionals spend 50 percent of their time searching for information, and take 18 minutes to locate each document on average. -Gartner Research
	Companies typically misfile up to 20 percent of their records – thus losing them forever. -ARMA International
	$14,000 worth of productivity is lost per worker per year due to their inability to find the data they require to do their job. -IDC Canada
	A study conducted by The Delphi Group in 1999 found that 90% of typical office tasks still revolve around the gathering and distribution of paper documents. While 15% of all papers are lost, 30% of our time is used trying to find these lost documents. Companies on average spend $25,000 to fill a typical four-drawer file cabinet, $2,000 to maintain it each year, and over its life-span, a single sheet of paper ends up costing an average of $30. -Delphi Group
	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. -Coopers & Lybrand
	For companies that manage their own files, employees spend between 20-40% of their time searching for documents manually. -Coopers & Lybrand
	90% of documents that are consulted daily are handled without any appropriate management. -Coopers & Lybrand
	For lost documents, companies pay a cost of searching, 6 times the value of the original document. -Coopers & Lybrand
	Companies that need to redo documents pay 11 times more than the cost of the original document. -Coopers & Lybrand
	Out of all documents generated, up to 7% are lost. -Coopers & Lybrand
	Employees spend more than 50% of their time searching for information. -Coopers & Lybrand
	Paper files are doubling every 3.5 years. -Coopers & Lybrand
	The average document is copied 19 times. -Coopers & Lybrand
	Each day one billion photocopies are made -AIIM, Forrester, Star Securities, US Department of Labor