The average office spends $20 in labor filing or retrieving a document. $120 in labor is spent finding a mis-filed document. $250 in labor is spent recreating a lost document!
7.5% of all documents get lost, 3% of the remainder get mis-filed!
The average business document is copied 19 times - Over 81 billion sheets of paper are copied each month!
There are over 4 trillion paper documents in the U.S. alone - growing 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 - 80% of the documents are suitable for imaging"!
Over $5 billion each year is wasted on printed materials that become obsolete before they are ever used!
For every 10 printed pages, only 1 is ever consulted!
Only 10% of corporate information lies in structured databases. The remaining 90% - 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!
*sources: Coopers & Lybrand, PC Magazine, AIIM, Imaging Magazine
