Costs Associated with Storing Hard Copy Documents (Source

Costs Associated with Storing Hard Copy Documents

(Source: American Records Management Association (ARMA) IDC)

• The average organization spends between 7-14% of its total costs on document processing

in a paper environment

• An estimated 7.4% of staff time is spent searching for documents

• The average cost to store a file cabinet of documents is $1,400 per year

• Storage requirement for hard copy documents DOUBLE every 3 years

• The average organization spends 280 hours annually per employee looking for lost

documents

• Due to the lack of solid disaster recovery planning, 70% of companies NEVER fully recover

from a disaster