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Why Document Management System

The amount of information produced in organizations has grown dramatically1 80% of recorded information is in documents1 Office workers spend
60% of their working time with documents2 and 16% searching for information3.

Time is wasted because


60% of documents are obsolete2 50% are duplicates2.

A recent BAE Systems study estimates that 80% of employees waste an average of a half an hour daily retrieving information, and that 60% spend an hour or more each day duplicating the work of others.
Coopers & Lybrand (now part of PriceWaterhouse - Coopers) estimates that: 90% of corporate memory exists on paper. 90% of paper is merely shuffled. The average document is copied 19 times. 7.5% of documents are lost daily, while 2 - 4% of the remainder are misfiled. It costs $20 in labor to file a document, $120 to find it if it has been misfiled and $220 to reproduce it if it is lost. Filing volumes double every ten years.
1) University of Jyvskyl, 2) Kevin Craine: Design a Document Strategy, 3) IDC & DMA

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