Information is power and in the last several years many companies have steadily increased the amount of data and documentation they gather and retain. Fortunately, they’re finding that document storage, both online and offline, is actually more affordable than they realized. Once you know the actual costs and issues that can arise with data storage, you’ll be able to find strategies to spend less money and still get much needed document security and organization.
The destruction of paper files is more costly than some companies realize. According to Inside Counsel, “it can take $143.49 to destroy a box of records” – and it is even more when you consider the labor and time costs of organization, shredding, disposal, etc. But regardless of the hidden costs of establishing an online document storage solution, it is still a necessary move for most companies. In a fast-moving digital world, customers, clients and organizations have very high expectations about how quickly and efficiently data can be accessed. There’s simply too much data to reliably find important information in paper records.
So, while the costs can add up, finding a secure document storage provider that can help offset some of these fees will save your company time and resources while organizing and protecting your documents.
To get a better perspective, let’s compare some of the cost-saving advantages of both online and offline document storage solutions.