Saving paper records may be more expensive than you think

It can take $143.49 to destroy a box of records.

A paper record storage vendor argued that for the average cost of imaging a carton of inactive documents, you could store that same carton with a records management company for roughly 40 years.

I think this is misleading. Although actual storage fees are often low, they may comprise a very small portion of the total costs. Storing paper records with offsite records management storage vendors looks inexpensive, but companies are increasingly finding otherwise.

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Mark Diamond

Mark Diamond, Founder & CEO of Contoural, Inc., is a regular contributor to Inside Counsel on Litigation Readiness and Records Information Management. You can e-mail...

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