Business Money Saving Tip – What Does a Piece of Paper Cost?

Here are some facts about the paper in your office that
you may not have thought about.

Over its life-span, a single sheet of paper ends up costing an average of $30.
-Delphi Group

Every year 7.5 billion documents are created and 15 trillion copies are made.

E-mails will double to 60 billion a day in 2 years.

7% of documents are permanently lost.

The average document is copied 18 times.

90% of business information is still on paper.

Misfiled documents cost $120 each.

4-drawer file cabinets cost $25,000 to fill
and $2,000 per year to maintain. (Source: Coopers & Lybrand 2004)

$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
 
Professionals spend 50 percent of their time searching for information, and take 18 minutes to locate each document on average.
-Gartner Research

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
 
Companies typically misfile up to 20 percent of their records – thus losing them forever.
-ARMA International
With that in mind, do you think you could save time and money
in your office with a document imaging system?

If you have any questions, just email me at  larry.phelps@solbrekk.com

Have a good day,
Larry

PS: Free Document Imaging and Management Guide go to:  www.larry-phelps.com

RELATED ARTICLES: How Much time spend searching for information
Why are office workers working like crazy?
CAP Worker Save Time Finding Documents
What is the ROI on Document Imaging or Document Managements System

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One response to “Business Money Saving Tip – What Does a Piece of Paper Cost?

  1. Pingback: 2010 in review | Paper-Mess to Paper-Less

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