Managing a Paper Process Costs Money!
Calculate the Savings PaperSave Offers-
In order to be able to calculate a return on an investment in PaperSave, let’s first learn about the negative impact paper has on your bottom line.
- It costs companies $20 in labor to file a document, $120 to find a misfiled document and $220 to reproduce a lost document
- It costs $25,000 to fill a 4 drawer lateral filing cabinet
- It costs over $2,300 a year to maintain that same cabinet
- Professionals spend 20-30% of their day filing, searching and retrieving information but only 5-15% of that time reading the document
- The average document is copied 19 times in its life
- The costs of office space has increased by 19%
- The average time it takes to fax a document is 8 minutes
- A single fax machine costs $6,200 per year to operate
- The average costs to send a package between locations is $8 to $15
- Documents are growing at a rate of 22% per year!
Now that you understand the costs associated with your paper process, let’s calculate your cost savings (hard, soft and environmental) to justify this important IT project. Download a free ROI calculator today!