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Research shows that the actual cost of paper is only around seven percent of its true cost. In real terms, a company spends far more on maintaining documents in paper form than it might appear from the outset. For instance, a four drawer cabinet costs roughly $500 to purchase and a further $300 annually to fill it with documents and maintain it onsite. Add additional costs if the documents are ever moved to an offsite location and even more if they are to be retrieved at a later date. Having the right document imaging strategy in place can reduce the true cost of paper by as much as a half. Digitizing your documents and using the right electronic content management system will save your company money both in the short term as well as in the long term.