Determining the True Cost of Paper

In order to truly understand the value of going mobile with your data collection, it’s important to know how your current process is affecting your business. Many companies today do not fully understand the hidden costs that come with using paper, and how it can strike a major blow to productivity. Take a look below to find out why you should consider going paperless with your business’ data collection processes!

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When it comes to wastewater disposal, manufacturers can place a significant strain on municipal water systems. The lack of proper waste management leads to sanitary waste, particularly in metropolitan areas’ water supply.

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The way companies are approaching data collection is rapidly changing. Whether it be because of the emergence of the Internet of Things or the mass availability of smart devices, mobile forms are steadily replacing paper as the status quo for business data collection.

If you are still debating whether to make the switch, learn why paper could be costing your business a lot more than you think.

7.5% – Estimated amount of paper documents that are completely lost. 750 documents lost in a company lifetime and 122$ cost per lost document. Lost, damaged, or delayed forms cost companies thousands every year.

20% – estimated amount of an employee’s time that is spent searching for paper documents.

$160K – average amount lost in productivity annually due to paper-based filing systems.

GoCanvas is a mobile platform that makes it simple for businesses to automate how work is done, replacing outdated processes and expensive paperwork. The Canvas App works on smartphones and tablets, helping companies to easily collect information, share it instantly with others, and gain real-time insight into their business operations.

Ready to go paperless with your company? Try GoCanvas today!