The average office spends $20 in
labor filing or retrieving a
document. $120 in labor is
spent finding a misfiled document.
$250 in labor is spend recreating a
lost document.
The average office worker maintains
15,000 to 20,000 pieces of paper and
spends between 30 minutes to 2 hours
searching for documents per day.
That's 400 hours per year, per
employee.
The annual four-drawer file cabinet
maintenance cost is between $1,500
to $4,000 (including employee hours
in maintaining paper files).
Seven and a half percent of all
documents get lost. Three
percent of the remainder get
misfiled.
The average business document is
compiled 19 times. Over 81
billion sheets of paper are copied
each month.
There are over 4 trillion paper
documents in the United Sates alone.
The number grows at a rate of 22%
per year.
U.S. Banks have over 16 billion
paper documents on file, growing at
a rate of 4% per year. Eighty
percent of the documents are
suitable for imaging.
Over $5 billion dollars each year is
wasted on printed materials that
become obsolete before they are ever
used.
Only 10% of corporate information
lies in structured databases.
The remaining 90%, which is often
critical to business processes, lies
unmanaged in chaotic file system
structures.
Professionals spend 5 to 15% of
their time reading information, but
up to 50% looking for it.
