There are significant costs associated with managing paper documents. It is one of those costs you don’t budget for, but which can really add up. Did you know the average cost of materials and labor to fill a four-drawer filing cabinet is around $28,000?
Here are a few measurements that may help you identify your current spend:
Average time to retrieve one document
Paper: 7 minutes
Digital: 4 seconds
Average time to re-file
Paper: 3 minutes
Digital: 0 minutes
Average total cost of retrieval and re-filing
Paper: $2.00
Digital: $0.20
Average cost of an unavailable file
Paper: $120.00
Digital: $0.00
Average annual cost of maintaining a file
Paper: $3.44
Digital: $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.)
Microsoft Dynamics GP users can reduce the costs of paper handling by using document imaging software. One such solution, designed specifically for Microsoft Dynamics ERP solutions is KwikTag. Many of our customers have requested our help in researching, recommending, and implementing a solution that will streamline their business and how they manage critical business documents. We feel very confident in recommending KwikTag to our customers and have happily helped them reap the rewards of digital filing.
Attack the Paper Monster in your office! Gain all the benefits of digital filing because KwikTag’s unique patented process leverages your existing office resources and reduces cost up to 80%.
If you feel like exploring document imaging software for Microsoft Dynamics, please contact us here at Sikich. We are a Microsoft Gold Certified Partner specializing in the implementation of Microsoft Dynamics GP, Microsoft Dynamics NAV, Microsoft Dynamics SL and Microsoft Dynamics CRM. We work with over 4000 throughout the Midwest in a variety of industries with a focus on manufacturing and distribution, professional services, education , not-for-profit and multi-site international organizations.
By Sikich – Microsoft Dynamics GP Partner, Microsoft Gold Certified Partner and Microsoft Inner Circle member serving St. Louis, MO and the Midwest.
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