Consider the Value of Proper Document Management

June 30, 2016 | 0 Comments

We've all had documents that have gone missing, have had to be recreated, or have been misfiled. Learn about the why it's important to have a system in place for proper document management through these fast-facts:
  1. 50 percent of a worker’s time is spent on creating and preparing documents.
  2. 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.
  3. Document challenges are robbing organizations of 21.3 percent of their overall staff productivity.
  4. Professionals spend 5 – 15 percent of their time reading information, but up to 50 percent looking for it.
  5. 92 percent of professionals collaborate on and review documents via email.
  6. 7.5 percent of all documents get lost; 3 percent of the remainder get misfiled. No wonder documents go missing all the time.
  7. The average worker shares 6 documents as email attachments each day. And the average document is photocopied 19 times.
  8. Users send and receive an average of 133 e-mail messages per day (Radicati Group).
  9. There are over 4 trillion paper documents in the U.S. alone and they are growing at a rate of 22% per year (PricewaterhouseCoopers).
  10. Time wasted on document challenges are costing organizations almost $20K per worker, per year.
Click here to learn  about how EIS can help you through our Managed Document Services. References:  http://info.aiim.org/digital-landfill/newaiimo/2008/10/27/10-fast-facts-ahttp://blog.gonitro.com/2015/05/7-facts-will-make-rethink-document-management/