Paper Costs More Than You Think

October 02, 2017

Sign this document. Print out 10 copies of that for our Monday morning meeting. Have you received the paperwork to finalize our latest contract? Bring the drawings to have approved today.

What if it were possible to make these commonly used sentences disappear around your workplace? Have you ever stopped to think about how much money paper is actually costing you?

According Mashable, the average office worker uses 10,000 sheets of paper a year, which equates to 4 million tons of paper used annually. While the actual paper itself may not seem that expensive, the costs associated with it - copying, filing, shredding, postage, etc. - can end up producing a total of 31 times the cost. PricewaterhouseCoopers estimates that businesses spend an average of $20 in labor to file every document, $120 to search for each misfiled document and $220 to recreate every document.

And all of that paper has to be stored somewhere… the average four-drawer cabinet costs about $25,000 to fill and $2,000 per year to maintain. Additionally, an average of 50-70% of commercial office space is dedicated strictly to document storage. 

And what about all the time it takes to find each of these documents? Almost half of printed documents are printed twice due to lack of organization, and a large majority are never accessed again.

What if all of your business’s records could be captured, stored, indexed, retrieved, distributed and archived all in one place? It can with our pVault™ Enterprise Content Manager. Contact us today to request a quote.

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