Document Management ROI Calculator
How many users in your organization require access to documents or are involved with reviewing digital content?
15
Average employee yearly salary (including labor cost factor) [$/user/year]
$36,000.00
Estimated time a user spends searching for files and documents [hours/user/month]: Research finds workers spending more than 15% of their time location information*
1
Estimated time spent reproducing lost documents and creating redundant docu-ments [hours/user/month]: Industry experts say the average company spends 25 hours recreating each lost documents information.**
5
Estimated reduction in the above document handling issues using myCo Portal[%]
50%
Estimated monthly cost of lost documents in your organization ($/month]: More than 7% of all documents get lost and 3% of the remainder are misfiled.***
$100.00
Estimated monthly damage cost of unauthorized access to confidentail documents [$/month]:
Approximate cost of applications installed on PCs to review documents ($/user/year]: Include cost of applications that are installed exclusively for reviewing documents, for exam-ple Adobe Acrobat, Microsoft Office, etc.
Estimated monthly cost of documents or web pages that are currently printed for distribution, review and approval [$/month]: Include cost of paper and materials, cost of copier, printer and fax equipment/ maintenance, telephone and fax costs, postage, shipping and handling costs.
$500.00
Average time spent manually routing and tracking progress of review and approval
Estimated reduction in approval process time with myCo Portal[%]:
Total monthly time savings with myCo Portal (hours)
52.50
Total monthly cost savings with myCo Portal
$1,784.38
* Source: IDC, "The High Cost of Not Finding Information," Feldmen& Sherman, April 2003
** Capture Images, Capture savings, Integrated Solutions Magazine, December 2002
*** Coppers and Lybrand
****The Association of Records Managers and Adminstrators (ARMA)
NOTE: Powerstone Solutions has provided this ROI Calculator to help you determine your approximate savings with myCo Portal. This tool is help you calculate the approximate cost of productivity loss due to poor document controls and callaboration. Powerstone makes not commitment to any person or entity as to the applicability, accuracy or usefulness of the ROI Calculator.