Twas the night I lost documents ‘Twas the night I lost documents, when all through the house; Not a piece of paper was findable, not even those for my spouse
So, What is the cost of a lost document to your organization?
We all rely on our IT at work to get the job done, and there’s nothing more frustrating than when it just stops working or takes an eternity to carry out a simple request. But how much time do we actually waste dealing with issues that the technology throws up. At infoMENTUM ,...
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Companies spend $20 in labor to file a document, $120 in labor to find a misfiled document, and $220 in labor to reproduce a lost document. 2. 7.5 percent of all documents get lost; 3 percent of the remainder get misfiled. 3
They must also consider the retention schedules, their e-discovery implications, and what happens to lost documents. So here is my summer advice in between your BBQ’s and fireworks- think about how you can use your existing ERM system to handle the lifecycle and workflow for things like sign offs and approvals
Additional Reading: ECM starts with Paper Scanning is Simple What is the cost of a Lost Document A few more paper facts for your reading pleasure
Yes … Paper is an Asset . A single lost document (See - Cost of a Lost Document ) can mean the difference between winning or losing a lawsuit and so much more
This small step of thoughtfulness leads to better ECM systems, less lost documents, and greater user satisfaction
You may be imagining disasters resulting in lost documents, but I am thinking about something a bit more subtle
The hours they might spend hunting for a lost document add up and can cost your business thousands of dollars and countless lost opportunities