Facts About Document Retention
US companies
spend $25-35 billion annually to file, store and retrieve
incoming paper (Source: IDC)
A typical office worker can
waste up to two hours a day looking for
misplaced paperwork. Nevada
State Library and Archives, "Points to Ponder."
5% of
all documents are filed incorrectly, even with the best records
management 1995 International
Records Management Council Study
Large organizations lose a
document every 12 seconds.
Carlos A. Cuadra, "The Corporate Memory and the Bottom Line."
7.5% of paper documents are lost forever.
Carlos A. Cuadra, "The Corporate Memory and the Bottom Line."
90 Day - 90% Rule - Once a record becomes 90 days old,
there's a 90%
probability that it will never
be referenced again. Unknown.
