This white paper presents the results of a review by Cohasset Associates, Inc. of a Return on Investment ("ROI") analysis titled, No Paper Weight. The analysis was originally researched by IBM Corporation in collaboration with one of its customers, a large regional bank.
This white paper includes an assessment of new cost/risk dynamics and their benefits that were part of the No Paper Weight ROI analysis to provide a more comprehensive ROI analysis. These new cost/risk dynamics are contemporary factors associated with the deployment of electronic records management systems that typically replace traditional paper records retention and retrieval.
Cohasset concluded:
- The methodology and analysis model utilized by IBM and the Bank are sound - resulting in an improved level of credibility in potential savings.
- Findings of the No Paper Weight research are solid - making the ROI projections largely achievable.
- New legal and records management cost/risk dynamics contribute to a more complete ROI analysis - thereby potentially achieving better savings. The analysis's results were strengthened by the fact that Bank management actively participated in determining the potential labor and indirect cost savings, thereby providing added veracity to the original analysis and resulting projected ROI.
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