How much does it cost you in managing your paper documents?

May 7, 2023

Why is it included in the yearly budget?

How much does it cost you in managing your paper documents?

The cost of managing paper documents is always included in the yearly budget. This means it has become part of the company’s necessary yearly expenditure.

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In the workplace using paper in our daily document production is a daily occurrence unless you have completely transformed digitally. If you are not using paper documents, all your time is focused on highly productive activities. The cost of using paper documents is taken for granted that it never misses in the yearly budget of a company. What if this cost was diverted and used in other ways that you can get returns on your investment. This would have a great impact especially when companies are trying to cut costs. 

The infographic illustrates how costly using paper based document management is. This would help calculate whether having a paper based document management is viable for your company.

how much does it cost you to manage your paper documents?

Conclusion

Managing paper documents also comes with many other challenges which can be costly to the company. This adds up to the already high cost of managing the paper documents. Some of the challenges include losing important documents, misfiling documents, not giving customers feedback in real time because you need time to search for their documents. This can lead to losing customers and lose of income.

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