Paper Facts
Studies have demonstrated that in paper-based systems, workers waste approximately 20% to 40% of their time searching for documents. Lost or misplaced paper files are a common problem with potentially disastrous results. The following statistics on document management are alarming:
- 90% of all corporate memory exists on paper.
- Of all documents that get handled each and every day in the average office, 90% are merely shuffled.
- The average document gets placed in the copy machine 19 times.
- Companies spend $20 in labor to file a document, $120 in labor to find a misfiled document, and $220 in labor to reproduce a lost document.
- 7.5% of all documents get lost, 3% of the remainder get misfiled.
- Professionals spend 5-15% of their time reading information, but up to 50% looking for it.
- There are over 4 trillion paper documents in the U.S. alone growing at a rate of 22% per year.
- To store 2 million paper documents, an organization can expect to spend between $40,000 and $60,000 on filing cabinets alone (Note: Does not include floor space needed).
- A study of managers in the U.S. found that they spend an average of three hours per week looking for paper that has been misfiled, mislabeled, or lost. This can add up to a cost of $120 per document.
- In 2004 the U.S. used 8 million tons of office paper (3.2 billion reams). That's the equivalent of 178 million trees.
ScanAndHost does not want your business to become another statistic. Contact Us today and take the first step towards having a more organized and efficient office.