Digital Transformation
Savings Calculator
The use of paper as the preferred medium of archiving official records is well documented. However, what is the true cost of paper authentication?
The Cost of Paper
Most organizations recognize that electronic document management is less expensive and more efficient than paper. Nevertheless, the cost of the paper document management status quo is rarely evaluated or compared to the benefits of producing legally reliable electronic originals that are never printed, signed and scanned. This tool is designed to help financial stakeholders get a clearer picture of the true cost of paper and the real savings provided by electronic authentication.
Variables
Enter your data into
the black cells and
discover the savings
you could make with
the digital signature!
the black cells and
discover the savings
you could make with
the digital signature!
Number of individuals with a professional digital signature
Based on industry average. Feel free to adjust the numbers based on your average for a more accurate result.
Document signed per year/
per individual
Cost of a Digital
Signature
Signature
Annual Fee
Cost is based on the purchase of a third-party provider of government-grade digital signatures issued by a professional association. Feel free to adjust the pricing accordingly.
Cost
Material Cost
Individuals
DOCUMENTS PER YEAR/PER INDIVIDUAL
Cost per
document
document
Total Cost
Paper
Based on the industry average for paper-only* document production (Scanning costs not included since the cost of scanning is more expensive than the cost of managing paper). This includes the cost of printing and storing documents for the entire lifespan of the paper records. Feel free to adjust based on your internal costs.
Digital
Cost is calculated based on the cost of a digital signature and divided by the number of documents per individual.
Labor
Cost
Cost
Individuals
Documents
Minutes per
Documents
Documents
Numbers of hours
Hourly rate
Total cost
Documents signed
on paper
on paper
Based on the industry average for paper-only* document production (Scanning costs not included since the cost of scanning is more expensive than the cost of managing paper). Cost is based on the production and manipulation/assembly of paper documents from creation to final storage. Feel free to adjust based on your internal costs.
Based on the industry average including benefits. Feel free to adjust based on your internal costs.
Documents signed
with digital signature
with digital signature
Based on the industry average for electronic authentication. Feel free to adjust based on your internal costs.
Total cost to authenticate paper
Total cost to authenticate electronic files
Based on 5 individuals signing 200 documents per year
Material Savings
$0
Labor Savings
$0
Net Savings
$0