It is critical to know how to get information when you need it. That information could be online, on paper, in a cabinet or on a hard drive. Knowing how to get to it and making sure it’s available is critical. It’s estimated that every misfiled document costs businesses $125, a lost document costs three to five times more. Employee turnover and growth can compound the problem if there aren’t good protocols in place.
There’s no right or wrong way to go about it. But it’s something that needs to be considered carefully, managed and monitored over time. And time is money. So if you haven’t already, start today.