How Paper Documents affect your business:
- Office employees spend 20%-25% of their time looking for documents. This results in over 3,000 lost hours per 10 employees.
- The average document is copied or reproduced and stored 9-11 times, at an average of $18 per document. This results into thousands of Dollars per each file cabinet.
- 7% of all documents are being misfiled. The average cost to find a misfiled document is $120, if you find it.
- In addition to these labor costs, Off-site Storage costs money and has delays in getting the documents. Onsite storage costs expensive office space.
- And, in case of disasters like hurricanes, floods etc., you have to move heavy file cabinets.
- Work processes are time consuming and limited to the location of the document.
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