Quick Facts About Paper Files
Every 12 filing cabinets require an additional employee to maintain.
- Sources: AIIM, Forrester, Star Securities, US Department of Labor, Gartner Group, Coopers & Lybrand, Ernst & Young
Some facts regarding document handling costs (values in US dollars):
» The average office spends $20 in labour filing or retrieving a single document. $120 in labour is spent finding a single misfiled document. $250 in labour is spent recreating a single lost document!
» 7.5% of all documents get lost, 3% of the remainder get misfiled!
» The average business document is copied 19 times - over 81 billion sheets of paper are copied each month!
» There are over 4 trillion paper documents in North America - growing at a rate of 22% per year!
» Banks have over 16 billion paper documents on file, growing at a rate of 4% per year - 80% of the documents are suitable for imaging!
» Studies show that managing digital documents using a service bureau costs substantially less than managing hardcopy documents.
- Sources: Coopers & Lybrand, PC Magazine, AIIM, Imaging Magazine, Inform Magazine, Fortune Magazine, Ernst & Young, Profitability BulletinD ecember 2009 AIIM. Forrester, Star Securities, US Department of Labor, Gartner Group, Coopers & Lybrand, Ernst & Young