COST SAVINGS & EFFICIENCY OPPORTUNITIES
1.
Infrastructure Costs: Documents take up space, and
space costs money. You want to minimize the amount
of valuable real estate dedicated to storing information,
so that space can be put to more valuable use. You also
want to identify and cut the hidden costs associated with
storing, retaining, and shredding paper.
2.
Productivity Costs: The time spent searching for,
waiting for, or simply handling information drives up
inefficiency and costs. It also does little to energize
your business.
3.
Compliance Costs: The fines and penalties associated
with the inability to show consistent processes for
protecting vital records, proving chain-of-custody, and
safeguarding private information can be staggering.
4.
Litigation and Audit Support Costs: An external
audit of your records or a legal action involving
your company can be quite costly unless you are
well prepared to face outside scrutiny. The disruption
to your everyday operations, as well as the potential
penalties for non-compliance, can put your business
at risk.
