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Paper Facts
Benefits
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Facts You Should Know 
The benefits to storing your paper records in a document management system are numerous. Many companies that have gone through the back file conversion process find they are far more productive with the same number of employees. They have also seen immediate improvments to their customer service since they are able to find customer information quickly.Here are some astonishing facts about paper documents:  We are approaching 4 trillion documents being stored bybusinesses and government agencies. Each four-drawer file cabinet holds an average of10,000 to 12,000 documents, takes up to 9 square feet of floor space, and costs $1,500 per year. Every 12 filing cabinets require an additional employee to maintain.18 minutes is the average search time for a document.Each misfiled document costs $125.Each lost document costs $350 to $700.The average document is copied 19 times.More than 70% of today's businesses would fail within 3 weeks if they suffered acatastrophic loss of paper-based records due to fire or flood. Paper in the average business grows by 22% a year, meaning your paper will double in 3.3 years. |