An average organization:
Makes 19 copies of each document, spends $20 in labour to file each document, spends $120 in labour searching for each misfiled document, loses one out of every 20 documents and spends 25 hours recreating each lost document.
Source:
PricewaterhouseCoopers
$3.8 billion
The Amount the Enterprise Content Management (ECM) market is expected to grow to by 2007, up from $2.7 billion in 2003
Source:
IDC
95%
Percentage of information that is on paper. It is estimated that the average worker prints out 45 sheets of paper per day
Source:
IDC
100,000
The number of deaths each year caused by information errors or a lack of data
Source:
The Institute of Medicine
25%
Percentage of enterprise paper documents that are misplaced and will never be located
Source:
Datapro/Gartner Group
50%
Percentage of time professionals spend locating pertinent information
Source:
PricewaterhouseCoopers
80%
Percentage of data within an enterprise that is unstructured information. This type of information is growing at 200% per year
Source:
Yankee Group
$8
Average cost to process an invoice. As much as 70% of all invoice processing costs are wrapped up in document handling and data entry process
Source:
International Accounts Payables Professionals
400
Number of hours per year the average employee spends searching for paper documents
Source:
Datapro/Gartner Group
Source Reference
Gartner
www.gartner.com
IDC
www.idc.com
Institute of Medicine
www.iom.edu
International Accounts Payables Professionals
www.iappnet.org
The Yankee Group
www.yankeegroup.com
PricewaterhouseCoopers
www.pwc.com