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 management (ECM) systems. Here’s why:
• 3% to 7% of all documents are misfiled or lost
• the average company will spend $20 in labor to file a document; $125 to find a misfiled document and $300 to $700 to replace a lost document
• Knowledge workers spend 5% to 15% of their 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 document is 8 minutes
• the average office 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 every 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 inherent in our ECM and electronic workflow systems.
Contact us today.
Read More – Forrester, The ROI of Imaging
Sources: AIIM, Gartner Research, Cooper & Lybrand, Price Waterhouse, Fujitsu