Paper documents are not only difficult to manage, but they’re also easier to lose and harder to locate than documents stored digitally. Digital documents are easier to manage and far more secure. It will become far more efficient as you streamline and accelerate critical business processes.
#Paperless statements full
It’s all too easy to accumulate boxes, cabinets, even rooms full of paper that quickly begin to feel overwhelming and impossible to manage.īy introducing paperless document management into your workflow, your business stands to save money on multiple fronts. Considering that there is likely more than one employee at your firm, the costs can add up rapidly. The standard filing cabinet costs between $1,500 and $2,100 a year to maintain, according to Digiscribe. Paper also grows by about 22% each year for an average business, so a company’s paper usage doubles within four years. A nine-square-foot filing cabinet can hold approximately 10,000 documents - the same amount that a typical office worker uses every year. While there are significant environmental benefits in going paperless, the business benefits are equally compelling. In addition, when paper rots, it creates methane gas, which is 25 times as toxic as carbon dioxide. Approximately 26% of waste dumped in landfill sites is discarded paper and paperboard, according to The World Counts. It produces sulfur oxides, nitrogen oxides and carbon dioxide, which contribute to acid rain, greenhouse gases and water pollution. Paper manufacturing is also a major contributor to environmental pollution. Approximately 1 billion trees' worth of paper is thrown away every year in the U.S., according to statistics collected by St.
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Alternatively, paperless software significantly cuts down on expenses across the board and, importantly, reduces your carbon footprint.įrom an environmental point of view, reducing the use of paper saves trees and conserves energy used in converting those trees into paper and in transporting paper products. Businesses in the United States waste $8 billion on managing paper each year, with an average price tag of $20 to file a document, according to Corp! Magazine.
IT administrators can attest to the efficiency improvements of paperless processes. Paper is costly and inefficient and increasingly unnecessary as paperless technologies become widespread and easy to use. Companies are increasingly turning to paperless office principles and for very good reasons.
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