ADS partners with Cabinet NG electronic document management to help businesses simplify, comply and improve efficiency. If you use QuickBooks, be sure to check out CNG-Books, the integration application used to simplify data entry and documents management.

When evaluated, the impact physical document management can have on a company is frightening! Compiled here are some cold, hard facts about papers weight in business processes.

Paper Cuts Profit

• 90% of corporate memory exists on paper.

• The average document is copied 19 times.

Filing Paper Cuts Profit

• Corporations average a per-page storage cost of 25 cents.

• An office with manual filing processes - housing seven clerks and 50,000 files - occupies 5,000 square feet. Digital storage can easily occupy less than one-tenth of that space.

Searching For Paper Cuts Profit

• Companies spend $20 in labor to file one document.

• Percent of documents misfiled on a given day is 2-4 percent.

• Companies spend $120 in labor to find one misfiled document.

Note: Statistics were compiled from the following sources: The International Data Corporation, Coopers & Lybrand, PC Magazine, AIIM, DataPro, Fortune Magazine, Imaging Product News Magazine, Ernst & Young, and Imaging Magazine.