Download the ROI Calculator today and find out exactly how much income you have saved on all your processes.
Scaling up your interests requires efficient and smart decisions. Report shows that 60% of users experience a growth in their ROI through paper-free processes in less than 12 months and 77% in a period of 18 months. Aside from creating error free documentation and excellent record/accessibility, paper-free processes provide rapid response to customers and enhanced remote ease of access across all channels and mediums.
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Your company is losing time, money and
human resource on paper based processes.
The space occupied in offices by paper storage on average is 13.5%
Office space cost has risen by 19%
- Annual increase in the number of documents and paper based processes is 22%
Professionals spend 20-30% daily filing, searching and retrieving paperwork.
Only a minute 5-15% of that time is spent reading those documents.
- Lack of efficient management leads to excessive paperwork in business
The general costs involved in paper based processes
-
$20
Cost of labour to file a document
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$120
Cost involved in finding a wrongly filed docume
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$220
Operating cost of a single fax machine
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$6200
Cost required in filing a four drawer lateral filing cabinet
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$25000
Cost required in filing a four drawer lateral filing cabinet
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$2300
Maintenance cost of a four drawer lateral filing cabinet
Additional/avoidable costs and irrelevant waste of company resources
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19x
Average number of times a document is duplicated or copied
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8 minutes
Duration to fax a document
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$15
Cost of sending a package between locations is $8 to $15
Sources: Coopers & Lybrand (now Price Waterhouse Coopers), Captaris, Gartner Group and AIIM Market Intelligence report.