According to the 2014 AIIM Industry Watch report, “60% of users have seen ROI on their paper-free projects within 12 months, an impressive 77% within 18 months. Faster response to customers and higher productivity are seen as the biggest benefits, along with improved remote and mobile availability.”
Paper-based processes are costing your company time and money
Average space taken up in offices to store papers is 13.5%.
Cost of office space has increased by 19%
Documents are growing at a rate of 22% per year!
Professionals spend 20% to 30% of their day filing, searching & retrieving...
...but only 5% to 15% of that time reading the document
#1 reason for so much paper in business processes: Lack of management initiative or mandates
The hard costs of paper-based processes
Labor cost to file a document
Cost of finding a misfiled document
Cost of reproducing lost document
Cost of operating a single fax machine
Cost of filling a four drawer lateral filing cabinet
Cost of maintaining that same cabinet
More unnecessary costs and ways to waste company time
Number of times a document is copied in its life
Average time it takes to fax a document
Average cost to send a package between locations is $8 to $15
Sources: Coopers & Lybrand (now Price Waterhouse Coopers), Captaris, Gartner Group and AIIM Market Intelligence report.