Eliminate bulky file cabinets. Free up valuable floor space. These are two readily-apparent benefits of implementing a ContentLOK or DocumentLOK solution. But before simply dismissing these benefits as "obvious" - take a minute to quantify just how much your organization is wasting on the real estate that is devoted to your paper files:
A typical lateral file cabinet occupies approximately 6 square feet of floor space. If a small- to medium-sized business (SMB) has just 20 of these filing cabinets in its office, it is wasting 120 square feet of office space, simply to maintain archaic paper files.
Now, take that 120 square feet of wasted space and multiply it by an average office rental rate of $20 per square foot. This example SMB is literally throwing away $2,500 per year.
But that represents only the hard costs that can be eliminated by implementing a DocumentLOK or ContentLOK solution. What about the lost opportunity cost? One hundred twenty square feet is the size of an average private office. What if this example SMB could re-purpose that reclaimed space to house an additional salesperson, attorney, or other revenue-generating employee? Suddenly the $2,500 in cost savings pale in comparison to the tens or hundreds of thousands of dollars in additional revenue that could be generated by an additional income=producing employee.
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