- On average, a U.S. executive wastes up to six weeks per year retrieving misplaced information.
- 90% of all documents handled each day are merely shuffled.
- Your company could be spending upwards of $120.00 in labor to track down a misplaced document or $250.00 to recreate it.
- Recent research from IDC concluded that Fortune 500 companies as a whole lose an average of $12 Billion per year to inefficiencies caused by the lack of a structure for managing their documents and digital assets?
- Over 800 million pages are created from computer printouts each day. This would be enough to fill a file drawer 225 miles long.
- According to Gartner Research, the average employee spends $4,800 worth of their time annually just searching for documents? A company (not using a document management software) with 150 employees, each wasting $4,800 worth of their time searching for documents every year. The annual loss for this organization would be $720,000
- Despite visions of a paperless office, 80-90% of all information in the average office is still paper based.
- 80% of papers are never referenced again once they are filed. 50% of all filed papers are duplicates or expired data.
- According to a research firm, “Every 12 filing cabinets require an additional employee to maintain.”
- Experience shows that 30%-40% of all recorded information can be immediately deleted from electronic systems or paper systems.
- In many surveys taken over the last 20 years, managing paperwork falls in ten the top time-wasting activities.
- Just introducing email into an office increases paper output by 40%.
- According to an upcoming survey of 1,000 organizations by AIIM - The Enterprise Content Management Association (www.aiim.org), most organizations do not have any real plan or strategy when it comes to managing e-mail and instant messages.
- Workgroups lose up to 15% of all documents they handle and spend 30% of their time trying to find lost documents. 7.5% of all documents are lost and never retrieved.
Sources - ecopy.com, amplifyint.com, inforouter.com, imagenetdocumentmanagement.com
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