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Friday, May 2, 2014

Using Paper is Costing Your Business Money

Why is it important to stop using paper to document your projects?  

Did you know?

• It costs an average of $20 per document to file it.

• The average search time for a document is 18 minutes.

• It costs $125 to for each document that is misfiled.

 • Each lost document costs $350 to $700.

• More than 70% of today’s businesses would fail within 3 weeks if they suffered a catastrophic loss of paper-based records due to fire or flood.

• 67% of data loss is directly related to user blunders, making them 30 times more menacing than viruses and the leading cause of data loss.

• At any given time, between 3 and 5 percent of an organization’s files are lost or misplaced.

• U.S. managers spend an average of 4 weeks a year searching for or waiting on misfiled, mislabeled, un-tracked, or ‘lost’ papers”

• Large organizations lose a document every 12 seconds.

Mobile Resource Management Software along with your smart phones, tablets or laptops can eliminate the need for paper and more accurately document every aspect of your project. 

Facts about Paper - The Paperless Project - Join the ... (n.d.). Retrieved from http://www.thepaperlessproject.com/what-are-the-facts-about-paper/

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