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Storage
Man Hours in documentation
Document Sharing Cost
Document Loss and Disposal Cost
Total Cost of Paper
Imaging Cost
Estimated Net Saving
R O I C A L C U L A T O R
ROI CALCULATOR
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1
Currency
$ English(United State)
$ English(Astralia)
$ English(Canada)
AED(UAE)
Rs.(India)
British Pound
Euro
2
Employee wage per hour(Average wage )
3
Work days per year(Average days 261)
STORAGE
Q1
Onsite/Offsite Storage Costs
1.1
No. of file cabinets being used
1.2
Monthly lease rent per sq ft
1.3
Av. Space occupied(approx 4.025 feet)
Annual Cost
Q2
Costs of purchasing new file cabinet each year
2.1
No. of cabinets purchased
2.2
Av. Cost of filling cabinets
Annual Cost
MAN HOURS IN DOCUMENTATION
Q3
Costs incurred on Onsite documentation activities like searching, retrieving, filing etc.
3.1
No. of employees involved in documentation activities
3.2
Av. no. of hours spent every day in documentation activities(on an average 3-4 hours)
3.3
Av. Hourly wage of employees
3.4
Work days per year
Annual Cost
Q4
Off-site storage service being used for documentation
4.1
No. of documents being retrived each month
4.2
Cost of offsite retrieval
4.3
Monthly charges for off-site storage
Annual Cost
Q5
Costs incurred on Offsite documentation activities like searching, retrieving, filing etc.
5.1
No. of office workers involved in documentation activities
5.2
Av. no. of hours spent in documentation activities(on and average 3-4 hours)
5.3
Av. Hourly wage of employees
5.4
Work days per year
Annual Cost
Q6
Costs incurred on executives/managers involved in documentation
6.1
No. of Executives/Managers involved in documentation activities (on an average 2-3 hours)
6.2
Av. no. of hours spent in every day documentation activities
6.3
Av. Hourly wage
6.4
Work days per year
Annual Cost
DOCUMENT SHARING COST
Q7
Cost of Printed reports being shared throughout a department or enterprise
7.1
No. of employees involved in searching for report
7.2
Av. No. of hours spent eavery day for such documentation activities
7.3
Av. Hourly wage of employee
7.4
Work days per year
Annual Cost
Q8
Costs incurred in copying documents for internal & external requirements
8.1
No. of office workers involved in copying documents
8.2
Av. no. of hours spent daily in copying and returning documents
8.3
Av. Hourly wage of employees
8.4
Work days per year
Annual Cost
DOCUMENT LOSS AND DISPOSAL COST
Q9
Costs incurred due disposal of copied documents after use
9.1
No. of estimated copies copied per month & disposed off thereafter
9.2
Costs of copying documents
Annual Cost
Q10
Costs incurred on loss of paper/digital documents
10.1
Av. no. of office workers involved in documentation activities
10.2
Av. no. of hours spent in documentation activities
10.3
Av Hourly wage of employees
10.4
Work days per year
Annual Cost
TOTAL COST OF PAPER
Paper Document Management
1
Costs incurred in documentation (3+5+6+7)
2
Costs incurred for lost documents (10)
3
Costs on time spent (8)
4
Costs on one time used documents (9)
Annual Cost(a)
Current paper document storage
1
Already owned file cabinet (1)
2
New file cabinet(2)
3
Off-site storage(4)
Annual Cost(b)
Total Cost(a+b)
IMAGING COST
1
Cost of imaging software purchase
2
Cost of imaging hardware purchase
3
Annual maintainence (x% * c78)
Annual Cost(a)
Costs of Backfile conversion to imaging
1
Amount of current paper documents (file cabinets+ boxes)
2
No. of employees working on backup file conversion
3
Hours spent for above activity (hours/day0
4
Av. hourly wage
5
Av. Time to scan & index (sec)
Annual Cost(b)
Management of documents with computerised imaging
1
No. of documents electronically imaged annually
2
Av. Time to image a paper Document (sec)
3
Av hourly wage
Annual Cost(c)
Total Savings(a+b+c)
ESTIMATED NET SAVING
Estimated Costs Savings in year1(Total Paper Cost Incurred - Total Savings from Imaging)
Estimated costs savings in year 2 and beyond
Estimated ROI