The Paperless Office

Every day we hear companies becoming paperless from paper-based systems and saving big bucks on time and storage space as well as seeing increased productivity.
Whether you have already become paperless or you are yet to make the move, take a look at the statistics below and make sure you are not missing out on saving more money in the long run.
Document Management System India
Document Management System India

What if you are storing your paper files offsite?

Document Management System India

Inspite of reaching a point of "Enough is Enough" why are you still wavering on the decision to automate your document processes?

You feel:
  • Other automation project initiatives appear more important and are easier to sponsor
  • Having enough internal resources to effectively complete / co-ordinate the work is a concern
  • Such a project requires too much detail and decision making to fiddle with at this time
  • The costs / benefits of document process automation are not well understood

So, what can you do?

Document Management System India

How much will you save?

To put in context, consider a small company or department with 10 people handling documents and a collection of some 25,000 documents in a year

Their savings could easily amount to $500,000 per year

Here's how ...

Employee's time - $41,600/year

5 minutes to walk to a file cabinet or records room (and back), locate the file, and act on it

10 files per day = 200 hrs per year (10 files x 5 minutes x 250 business days) per employee @ $20/hour = $4,160

10 employees = $41,600/year

Reduced printing costs - $225,000/year

Assuming that 50% of the documents are printed every year, the cost for 25,000 documents will be $225,000/year (25,000 documents x $18/document x 50% = $225,000)

Eliminate misfiled documents - $225,000/year

7.5% of all documents are misfiled or lost

25,000 x 7.5% = 1,875 @ $120 per document = $225,000

Hence, total savings per year = $491,600

Now, that's a lot of savings! Don't you think it's worth it?



Sign up for an Online Demo & Free Trial of LuitBiz DMS today

and take control of your documents

No Credit Card Required



Manage compliances with LuitBiz DMS

In all business operations regulatory compliance has a huge impact. Companies spend a lot of time and money in meeting regulatory compliances but a single flaw in their systems can have huge repercussions and might call for huge fines. LuitBiz DMS helps organizations meet the following regulatory compliances:

FDA 21 CFR Part 11 Compliance

Required By: All drug makers, medical device manufacturers, biotech companies, biologics developers, and other FDA-regulated industries

Learn More

FDA 21 CFR PART 510(k) & 820 Compliance

Required By: Domestic & foreign manufacturers and specification developers introducing a device to the U.S. market and repackers or relabelers of medical devices

Learn More

Financial Industry Regulatory Authority (FINRA) Compliance

Required By: Broker-Dealers, Capital Acquisition Brokers, and Funding Portals in USA

Learn More

GDPR Compliance

Required By: All Companies that collect data from citizens in European Union (EU) countries will need to comply with GDPR rules for protecting customer data by May 25, 2018.

Learn More

GMP Compliance

Required By: All manufacturers, processors, & packagers of drugs, medical devices, some food, & blood

Learn More

Gramm-Leach-Bliley Act (GLBA) Compliance

Required By: All financial institutions engaged in banking, insuring, stocks and bonds, financial advice & investing in USA

Learn More

HIPAA Compliance

Required By: All health plans, health care clearing houses, and to any health care provider who transmits health information in electronic form

Learn More

ISO 9001 2015 Compliance

Required By: All organizations, regardless of size or industry, that want to show their ability to meet customer requirements and regulatory obligations

Learn More

NIOSH 42 CFR Part 84 Compliance

Required By: Any company that designs, manufactures, assembles, or controls the assembly of a respirator & seeks NIOSH certification

Learn More

OSHA Compliance

Required By: Private sector workers, workers in the state and local governments and federal government employees in USA

Learn More

Sarbanes-Oxley (SOX) Compliance

Required By: All publicly traded companies in the United States as well as wholly-owned subsidiaries and foreign companies that are publicly traded and do business in USA

Learn More

SEC Compliance

Required By: All organizations that work or operate in the securities industry, including brokers, investment advisers and companies, municipal advisers, mutual funds, and the members or participants of Systems Compliance and Integrity entities

Learn More