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