Surprising Statistics Illuminate the Need for Document Management

When it comes to document management, you may think that you’ve heard it all before. But, here are some facts and stats about document management that may change your mind.

Quit Wasting Time

• Did you know that 50 percent of knowledge workers’ time is spent on creating and preparing documents? That means when you pay employees for a 40-hour work week, 20 of those hours are spent just working on documents.
• Overall staff productivity is reduced by 23 percent due to document challenges. The best way to increase productivity and improve overall efficiency is to implement time-saving processes such as document management.
• Organizations waste nearly $20,000 per employee, per year due to document-related time waste. The phrase “time is money” is more than just an expression; it is a very real, very expensive concern for most businesses.

Defeat Document Dilemmas

• More than 75% of people from large organizations do not have PDF editors available to them. Not only is this mind-blowing, but it is also a huge productivity killer. And, let’s be honest, no one wants to admit that they can’t create a PDF! Document management will help ensure that all of your employees have the correct tools they need to get the job done.
• 92% of professionals collaborate on and review documents via email. While this is a good thing for reducing paper waste, it is also a sure-fire way to have several different versions of a file circulating with no clear owner. Prevent document confusion and loss with an organized tracking system.
• Furthermore, the average employee shares six files a day via email. Without proper controls in place, documents can easily get misplaced or sent to unintended recipients.

Hopefully, these six statistics, provided by Nitro, help illuminate why document management is so critical to the efficiency of your organization. Don’t get hung up on document snafus and setbacks, (http://www.mation.com/contact-us) today and learn more about how to save valuable time and money with a customized DM.