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| Cost Savings |
One of the most significant hidden costs for a paper-intensive business is the time it takes to work with paper files. Let’s say your company averages 15 retrievals a day for paper files from your file room. Assuming an average employee is paid $15.00 per hour, including benefits and according to “The Gartner Group” it takes seven minutes to find, retrieve and return each file, you would be paying $7,088 per year in filing costs. A system that allows you to retrieve your documents instantly from your desktop would eliminate this expense. A document management system also eliminates the cost of lost documents, or the time it takes to recreate a document that has been misfiled or destroyed. The industry average estimated cost for each recreated document is $250.00.Another significant cost savings comes from the conversion of office space from housing paper files to a roomful of productive employees. With real estate costs per square foot between $15.00 and $35.00, significant savings can be realized by eliminating these costs. Additional savings can come from eliminating the on going expense of files being warehoused at an off site storage facility. |
Cost SavingsOne of the most significant hidden costs for a
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Saving SpaceMost organizations "waste" valuable and