SMEs waste £42.2m a day with paper-based filing


SMEs waste £42.2m a day with paper-based filing

Antony Savvas

UK SMEs are wasting £42.2m a day from using traditional paper filing instead of electronic document systems.

Document management firm Invu commissioned independent research among 800 UK managers and directors at SMEs to estimate the cost of using paper-based offices.

The survey showed valuable time is spent trying to locate paper documents, resulting in staggering financial losses.

Invu said the 4.5m SMEs in the UK waste an estimated £42.2m in total per day, based on traditional filing costing each SMEs up to £11,000 in lost costs every year.

County Council deploys electronic document management >>

Nichols saves £100,000 a year with electronic document management

Email Alerts

Register now to receive IT-related news, guides and more, delivered to your inbox.
By submitting your personal information, you agree to receive emails regarding relevant products and special offers from TechTarget and its partners. You also agree that your personal information may be transferred and processed in the United States, and that you have read and agree to the Terms of Use and the Privacy Policy.

COMMENTS powered by Disqus  //  Commenting policy