How much does it cost to store 2 million paper documents in file cabinets?
A. A 1997 storage-cost analysis done by Robert Allerding, a retired records manager for Ohio, stated that the cost of storing 2 million paper documents exceeds $42, 000 just for the filing cabinets, even if you already own the cabinets. That excludes time wasted filing documents and searching for filed or misfiled documents. The study also noted that active files are increasing at an annual rate of 25 percent.
