If you work in the financial services industry, law firms, state government, education industry, healthcare industry, or manufacturing you know that paper accumulates quickly. Not only does your firm generate a significant amount of paper, but you must also sort, file and store an incredible amount of incoming paper. Even a small investment firm with only 450 to 500 clients could be looking at a minimum of 75,000 new sheets of paper each year. Increase that 100 or even 100,000 times for a large firm or bank, and you have a massive archive of paper that cannot be destroyed. As the amount of paper grows, your business pays the price. Paper files are hard to find, easy to lose and costly to reproduce or distribute.
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Paper You Produce * Buy/sell orders |
* Appraisals |
A recent BAE Systems study estimates that 80% of employees waste an average of a half an hour daily retrieving information. It also found that 60% of employees spend an hour or more each day duplicating the work of others. Coopers & Lybrand (now part of PriceWaterhouse-Coopers) estimates that:
- * 90% of corporate memory exists on paper.
* 90% of paper is merely shuffled.
* The average document is copied 19 times.
* 7.5% of documents are lost daily, while 2-4% of the remaining documents are misfiled.
* Filing volumes double every ten years.
Go Paperless - Go Green - Get Effecient!
By implementing a truly interactive document management system through a carefully structured implementation plan, your firm can realize the benefits of instant retrieval, simultaneous access to documents, reduced document loss, improved security and a streamlined workflow. You’ll also realize greater productivity and increased profits, and you’ll be able to ensure business continuity in the event of a natural disaster, network failure or other emergency.
To know more about our document management software, contact us - our contact details are below.
