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The Cost of Paperwork
 
 
 
 

The Cost of Paperwork

Document Magazine estimates that document management is the largest cost in organizations.

The Association for Information and Image Management (AIIM) estimates that...

  • Filing a document costs 25-30 cents per sheet
  • 3-5 % of an organization's documents are lost or misfiled
  • The cost to recreate a misfiled document is $120 - $250
  • 7.4% of an executive's time is spent looking for lost or misfiled documents
  • Counting lost and misfiled documents, the average cost is $20/document!

AIIM estimates that the average worker has 34 hours of paper backlog.

Look at this scenario for a company with five locations, using the AIIM $20/document average cost...

6 supervisors at each location hold monthly safety meetings
and generate a report from each meeting (6 x 5 x 12 x $20)

The EHS staff complete 4 audits each year at each location (4 x 5 x $20)

Site safety committees on each of the three shifts
complete monthly self-inspections at each location (5 x 3 x 12 x $20)

This company has 50 recordable injuries each year (50 x $20)

Each site maintains an OSHA 200 log (5 x $20)

Ten written Corporate EHS programs are revised each year (10 x $20)

Five written site EHS programs are revised at each site each year (5 x 5 x $20)

Total annual paperwork cost for this company

And that is not counting any follow-up reports that are generated from action items and recommendations that arise from the documented meeting, audits, self-inspections, and accident investigations.

How much does your paper-based EHS management system cost you?

  • How many safety-meeting reports are filed each year?
  • How many audits or self-inspections do you completed each year?
  • How many EHS written programs are reviewed and updated each year?
  • How many "First Report of Accident" forms does your company complete each year?
  • How many "Occupational Injury and Illness" logs does your company complete each year?

What other paper are you generating that could be eliminated with an electronic safety management system like Safetylogic?