Compendia

Login:
Phone: 800.990.0885 Email: info@compendiainc.com

Some demos require assistance. Contact us to arrange a demo.

How much are hard copy records costing you?

	Professionals spend 50% of their time looking for information. (Source: PWC)

	90% of corporate memory exists on paper. (Source: Coopers & Lybrand)

	An average organization spends 25 hours recreating a lost document. (Source: PWC)

	A typical worker spends an average of 150 hours per year looking for lost documents. This equates to $2,524 per year for an employee with annual salary of $35,000. (Source: Coopers & Lybrand)

	25% of corporate paper documents are misplaced and never located. (Source: Datapro/Gartner Group)

	The average document gets copied 19 times. (Source: Coopers & Lybrand)

	Storage requirements for hard copy documents double every 3 years. (Source: ARMA)

	One out of every 10 documents is sitting on someone’s desk or has been removed from the office, increasing the amount of time spent on retrieval. (Source: Coopers & Lybrand)

	It takes six minutes on average to pull and re-file a document.* (Source: Coopers & Lybrand)

Use the six minute calculation for every employee that retrieves and re-files documents (based on how many pages per day received or generated) OR calculate how much time each employee is spending on tasks related to documents. For example: 25% of 40-hour work week = 10 hours per week 10 hours / 5 business days = 2 hours per day $17 per hour (equivalent to annual salary of $35,000) X 2 hours = $34 per day $34 per day X 260 business days per year = $8840 per year for 1 employee*