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Professional services companies lose thousands to poor document management

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You might think that a small amount of time spent looking for documents each day is insignificant. But according to a new survey of accounting, advisory and consultancy firms it could be costing US firms almost $4,000 per employee each month. The study from enterprise collaboration specialist Huddle finds that US respondents work on an average of 26 documents per day spending an average of 89 seconds looking for each one. With an average hourly billing rate of $265, that comes to $3,747 per employee each month. In the UK it's even worse, respondents work on an average of 25… [Continue Reading]

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