1. Increasing valuable revenue-generating office space
Did you know that
- 4 filing cabinets use the same amount of space as one desk
- one cubic foot of records (a typical "Bankers Box =1 c".ft.) can be stored for $6.00 annually, while that same cubic foot costs $23.10 to maintain in typical office space
2. Reducing records handling and therefore increasing productivity
Did you know that
- 90% of records filed are never referred to again
- office staff can waste up to 2 hours a day looking for misplaced paperwork, which totals 500 hours per year
- companies misfile 2% to 7% of their records
- managers spend an average of 4 weeks per year searching and/or waiting on misfiled, mislabeled, untracked or lost papers
3. Reducing staff time spent while searching for a file
Did you know that
- 10% of staff time is spent finding information
- the fewer files you keep, the quicker it is to find the one you want
- 7.5% of documents are lost forever
- large organizations lose a document every 12 seconds
- the average cost of recreating a document is $180.
- most businesses who suffer a fire and lose their vital records, go out of business
4. Reducing the need for expensive office equipment
Did you know that
- the average filing cabinet costs $500.
5. Reducing the need to build or rent storage space
Did you know that
- the average cost to store files is 50 cents per square foot, per day
- 55% of records are either inactive or obsolete and should be transferred to a low-cost records centre to be retained or destroyed
