For every sales increase of $100 million that a company experiences, it uses 8.8 million more sheets of paper.

The average cost of recreating a one-page document is $180.

At any given time 3 -5 % of an organization’s files are lost or misplaced, companies typically misfile 2 – 7 % of their paper and electronic records

As many as 90% of businesses are unable to continue even after two years when their vital records are destroyed, some of these records will be unique

Important documents are sometimes inadvertently discarded or removed without authorization

Inactive records are banished to hostile environments, such as basements, attics, garages, closets, abandoned buildings and there is neither an adequate list of locations nor an effective index to what is stored there,

Important categories of critical records (e.g., vital records, archival records) go unidentified and unprotected—some may be thrown out in the trash,

For any organization, Information is the central resource, the modern organization simply could not function without having proper records management in place. Business records are operational—and sometimes strategic—assets. They have economic, legal, fiscal, risk-management, and competitive values. Many organizations, however, lack effective policies and procedures for systematic control of their recorded information.