| Lots of studies and even statistics nowadays are | | | | are merely shuffled and moved from place to place. |
| proving the sky-scraping need for document | | | | - The average document is copied 19 times. |
| management system. Document system is now being | | | | - Companies spend $20 in labor to file a document, |
| seen as a necessity in many or almost all types of | | | | $120 in labor to find a misfiled document, and $220 in |
| businesses. This system offers clear objectives such | | | | labor to reproduce a lost document. |
| as reducing administrative costs, improving efficiency, | | | | - 7.5% of all documents get lost while 3% of the |
| and enhancing profits. Everyone has experienced the | | | | remainder are misfiled. |
| frustration of not being able to find that file or piece of | | | | - Professionals up to 50% of their time looking for |
| paper with the answer to an important looming | | | | information, while they spend only 5-15% of their time |
| question. | | | | reading the information they retrieved. |
| BAE Systems, a global company engaged in the | | | | - There are over 4 trillion paper documents in the U.S. |
| development, delivery and support of advanced | | | | alone, and that figure is growing at a rate of 22% per |
| defense and aerospace systems on the air, | | | | year. |
| conducted a study that discovered that 80% of | | | | (Source: Imersion Technologies. Inc.) |
| employees waste an average of half an hour per day | | | | These statistics only shows the fact that businesses |
| retrieving information, while 60% spend an hour or | | | | would benefit a lot from document system solutions. |
| more duplicating the work of others. | | | | Companies could save not only in terms of money but |
| There are even more statistics supporting the need | | | | most importantly, they can acquire huge increase in |
| for document management solutions such as: | | | | productivity. This, in return, would bring more profits and |
| - 90% of corporate memory exists on paper. | | | | quality work from the managers up to all the members |
| - 90% of all paper documents in the average office | | | | of the organization. |