Here are some interesting statistics that I ran across recently.
I’ve seen versions of these figures over the years. This is pretty much a laundry list of why companies are considering, or should be considering Electronic Document Management Systems. Put simply, finding information takes time, and time is money. Each year, the amount of information produced grows, and the management of it becomes more expensive and difficult.
· 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 percent of all documents get lost; 3 percent of the remainder get misfiled.
· Professionals spend 5 – 15 percent of their time reading information, but up to 50 percent looking for it.
· The average document is photocopied 19 times.
· There are over 4 trillion paper documents in the U.S. alone and they are growing at a rate of 22% per year (PricewaterhouseCoopers).
· Corporate users received an average of 18 megabytes (MB) of e-mail per day in 2007; E-mail is expected to grow to over 28 MB per day by 2011.
· Users send and receive an average of 133 e-mail messages per day (Radicati Group).
· A single FAX machine costs $6,200 per year (Captaris); the average time to manually FAX a document is 8 minutes.
· The average cost to send a package via courier service is between $8 and $15.
· The cost of office space has increased 19% (Office Space Across the World 2008).
EDMS can easily and effectively reduce these numbers. Let us show you how.