Chris/ some filing stats that will make you think.....

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Posted by Julie Signore on December 08, 2000 at 20:39:33:

OK folks -- reality check time!

Although these stats may be *dated* per say...just consider them a guide line for now ...as I can assure you it has gotten *worse* !


U.S. Executives Waste 150 Hours Per Year:
Source: Office World News - September, '96

Coopers and Lybrand found that the average executive wastes 150 hours per year looking for lost, misplace, misfiled or mislabeled documents. Additionally the average cost to:
File a paper document is $30
Additional labor costs equal $120 if the document is not in the right place.
Recreating a lost document either by requesting it again or retyping it creates an additional $250 worth of labor.
One in 20 documents is lost and never recovered.

Records Management...
Source:Office Systems March '97

Fact:

Business owners, executives, managers and people at all levels who work in offices attest that the volume of recorded information is reaching avalanche levels within the workspace.

Rapid growth of information can cause costly delays when documents are misplaced, lost or time consuming
to retrieve.

People in management are often forced to work with and make decisions based on inadequate information resulting in lost business opportunities.

In order to be responsive to customer needs, remain competitive and be more successful most companies
need to improve the organization-wide management of their records and data whether electronic or paper
based.

We are more dependant than ever before on having instant access to data and records as a basis for quality
customer and client service.

Historically, records management is rarely a high priority when organizations are new and small. As organizations grow, the volume of recorded information grows in direct proportion.

Left unmanaged this leads to inefficiency, poor customer service, increased costs, additional space requirements, potential for excessive litigation and other problems.

Business owners, executives and administrators at all levels of government have come to learn that
organization-wide records management programs can usually pay for themselves at least once annually in
documented savings.

Appropriate investments in computer-based systems can often pay for themselves in short periods of time.

If necessary records and data are not available, then meeting customer needs is slow, difficult or impossible.

Although many senior managers may not admit it, their decision making and overall effectiveness is now tied
more closely to the availability or non-availability of records and information.

The most successful business owners, executives and administrators know they'll consistently be better leaders if they have ready access to excellent and up-to-date records.

Comparisons of record retrieval from manual filing systems to electronic document management will show
how much staff time and salary dollars -- can be saved when quality records management systems are
implemented.

A good information system positively affects an organization by providing high quality instant customer and
client service.

Insure vital records and appropriate data are identified and appropriately protected.

Some Statistics...

80-90% of all records in the average organization are paper based.
Experience continues to show that 30-40% of all recorded information can be immediately deleted from electronic systems or paper systems.
Why? Because 30-40% of all recorded information in the average organization is unnecessary duplicate copies of records that are maintained elsewhere within the organization.
Another 20-30% of all records can be transferred to an on-site records area for maintaining inactive records or out sourced to a commercial records management center or converted to other media for occasional access.
90% of US organizations in private business or industry that lost their records due to some type of disaster in a 25 year period between 1970 and 1995 -- never opened their doors again!

What to do?

Perform a walk-through to see for yourself how your organizations records are or are not being managed.

Schedule preliminary visits with managers and personnel on all levels to determine their perception of the
present record system.

If you conclude your present record system can be improved -- what can you expect to be the ROI if you
invest management and personnel effort, time and money in improving this area of your business?

As higher quality and faster service is provided to customers and clients, those individuals and organizations
with quality records management programs can typically bring in more business and also add to the customer
and client base.

As operations become more efficient, costs proportionate to business generated - drop. Results of increased
profits and an improved bottom line are realized.

Investments of top line management's commitment, effort, time and money in the development of quality
organization-wide records management programs result in significant and positive returns on those
investments.

Amen! Hope these stats help support your case Chris!


Much Aloha,

Julie Signore -
President: The PHOENIX Organizational Consulting Service
CEO: 1,2,3 SORT IT Organizing Solutions -- Innovative Tools
NSA Member, NAPO Member



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