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Paper & Profitability Studies
The
return on investment for this benefit is not only
measured in dollars and cents, but in peace of mind.
Source: IDC, January 1997: US-based companies spend $25
to $35 billion processing, filing, storing, and
retrieving paper. Management of documents over their
life cycle pushes the figure up to $100 billion a year.
Source: Coopers & Lybrand 1995: This study shows that
the average office: * Makes 19 copies of each document *
Spends $250 recreating each lost document * Spends $20
on labor for filing each document * Loses 1 out of 20
office documents * Spends $120 searching for every
misfiled document * Spends $25,000 to fill a 4-drawer
file cabinet and $2,000 annually to maintain it * Loses
7.5% of all documents and 3% of the rest gets misfiled.
When
disaster strikes, whether fires, earthquakes, or floods,
the initial damage is only the beginning of a problem.
The absence of an adequate back-up plan will hamper
recovery efforts, resulting in significantly greater
recovery time and cost.
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