Consider This…
- Companies spend $20 in labor to file a document *
- $120 in labor to find a misfiled document *
- $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 *
- $24 average cost to process a single invoice manually **
- Single FAX machine costs $6,200 per year **
- Average time to manually FAX a document is 8 minutes **
- Average cost to send a package via courier service is between $8 and $15 +
- 40% of 1,200 organizations surveyed indicated disaster recovery planning not a priority +
- 40% have no redundant backup site +
- 2 out of 5 companies who experience a disaster are out of business in 5 years ++
* PricewaterhouseCoopers + Captaris ** IOMA ++ Gartner