How Much Does Your Company Spend on Paper? The Answer Might Surprise You…
Paper is a bottomless pit of resources. It eats up time, money, and space. Have you ever considered just how much your company is spending valuable resources on managing stacks of paperwork? Between routing documents, gathering signatures, printing, scanning, and storing, the price can increase exponentially. In fact, US businesses waste $8 billion a year just on managing paper.
It’s clear that as paperwork begins to stack up, so do its costs. But don’t take our word for it–you can calculate for yourself just how much paper is costing your company by making use of simple formulas here. Just input the number of employees who manage paper documentation in your organization to get an estimate of how much paper is truly costing you.
Paper’s Hidden Price
Paper’s “hidden” costs often manifest themselves in lost employee time. 65% of companies using pen and paper report that collecting signatures adds an entire day to their work process. Meanwhile, companies who switch to a digital solution experience an 85% average reduction on document handling expenses and an 80% reduction in shipping costs.
Cutting down on paper doesn’t just save money; it helps save the environment too. Saving one ton of paper saves 17 trees, 380 gallons of oil, 6,953 gallons of water, 587 pounds of air pollution, and more. Incorporating a digital document solution is not only economically efficient but also environmentally sustainable.
Start Saving Today
So how can you cut down on costs and simplify your workflow? Utilizing a digital document solution will improve your ROI as well as increase security and compliance. MSB offers simple and competitive pricing to suit teams of all sizes. With long term storage, flexible deployment, easy functionality and stringent security, our product pays for itself in six months or less.
Ditching towers of paperwork for MSB’s seamless solution will benefit you, your team, and your clients. The documentation process should be accelerating your business, not holding it back. Get started on lowering your costs by getting in touch with MSB today!