The Costs of Paper In Your Business

Businesses of all sizes in almost every industry are viewing cost-control as a top priority, and are increasingly scrutinizing budgets and purchases amidst uncertain economic times. One area in particular that companies are focusing to cut cost is the use of paper in their day to day operations. While the "paperless office" has yet to fully arrive, eliminating paper from business processes is a definite reality and has proven to deliver bona fide results time and again, often resulting in a full Return on Investment within the first year of implementation. Consider for example that the average enterprise:

• Makes 19 copies of each document
• Spends $20 in labor to file each document
• Spends $120 in labor searching for each misfiled document
• Loses one out of every 20 documents
• And subsequently spends 25 hours recreating each lost document. (Pricewaterhouse Cooper)

Besides increasing productivity and efficiency, tangible savings can also be achieved by eliminating the need to physically store paper. For example: A 500GB hard drive costing about $125 will store approximately 9 million documents*. To store the same number of paper documents would require about 600 four-drawer filing cabinets. *Estimate for standard single page TIFF image scanned at 300 DPI.

Click here to learn more about the various solutions available that can enable you to minimize the paper in your office. Or dial 1-888-726-7730 to speak with a PaperFree consultant directly.