 |  | KwikTag Return on Investment (ROI) Paper is an Expensive Proposition.You've already made an investment in your current business application to help you streamline processes. Now you can leverage it further by incorporating all the paper and external files that support your records and transactions. Chances are you're not measuring the labor and costs associated with managing your paper. It only becomes apparent when you lose an important document, fail an audit or can't service your departments adequately. Although it's not generally a line item in your budget, you're paying for it - and maybe more than you imagined. Did you know the average cost of materials and labor to fill a four-drawer filing cabinet is around $28,000? It's really a matter of identifying the areas of cost to the organization and redirecting them to a more productive solution. Here are a few measurements that may help you identify your current spend and how you can change it: The Cost of Paper vs Digital Storage of Documents | Paper | Digital | | Average time to retrieve one document | 7 min. | 4 sec. | | Average time to re-file | 3 min. | 0 min. | | Average total cost of retrieval and re-filing | $2.00 | $0.20 | | Average cost of an unavailable file | $120.00 | $0.00 | | Average annual cost of maintaining a file | $3.44 | $1.81 | | (Information from the Dartnell Institute and ODDSAR Publication. Dollar amounts based on a US $12.00 per hour wage, includes salary, fringe benefits, overhead and taxes. Includes materials, space and labor.) | Information Media Comparison | Hardcopy (paper) | Microfilm / Fiche | Digital (images) | | Recoverable in Disaster | no | no | yes | | Always find desired documents | no | ? | yes | | Quick, easy access to documents | no | no | yes | | Protected Exposure/Sensitivity | no | no | yes | | Minimal Storage Space | no | yes | yes | | Increased Employee Productivity | no | no | yes | | Reduced Filing Time | no | no | yes | | Reduced Photocopy Costs | no | no | yes | | Cost effective long-term Archiving | no | yes | yes | | Our sales team understands the true value of electronic documents and would be happy to help you justify your expenditures for a much more productive KwikTag solution! Contact us today at 1-888-KWIKTAG or sales@imagetag.com. | | |  | |
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