Cost Justification Facts:
- 5% of a company's filing cost is spent on equipment, 5% goes to supplies, 20% to space and 70% to salaries.
- The cost of a three-drawer file cabinet and the human functions of storage, filing and retrieval of documents on average is $2,500 per year. This does not include misfiling and misspent employee time.
- The average business document is photocopied 19 times.
- Corporations average a per-page storage cost of 45 cents, with retrieval costing $3.50. A misfiled document is estimated to cost $250 in employee time, yet most documents are referred to only briefly.
- A single optical disk can hold in the area of an ordinary office telephone what 75 four-drawer file cabinets can store in 500 square feet.
- The average corporate executive spends 25% of his/her time looking for misplaced, misfiled or missing documents.
Implementing a document management solution
can:
- Double or triple processing capacity of simply automating present system.
- Free up staff time by up to 50% for redirection to other important tasks.
- Respond immediately to inquiries.
- Reduce document storage space by 60-80%.
- Provide a "Fail Safe" system for safe guarding document files.
- Improve productivity 10 to 30%.
- Improve corporate bottom line number by 5 to 15%.
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As Indiana's most complete practice support Consultant & Service Bureau,our technology based litigation support services
allow us to assist firms during each phase of discovery, trial, and appeals. We do what we do,
so you can focus on the business of practice law.
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