When running a business, special attention should be paid to the security of ourselves and our contractors. There are many fraudsters who, by impersonating well-known brands, partners, or institutions, try to extort data or valuable information from employees. Often, the first stage of such fraud is the manipulation of documentation sent to companies, for example, via email. In this context, it is important to control incoming documentation. However, if we do not want to generate additional costs, it is worth focusing on optimizing the file verification processes.
How much does the document verification cost?
To calculate the cost incurred by a business owner for the initial analysis process, we can use the average employment cost of a full-time employee, amounting to the equivalent of 2000 EURO, as a basis. Of course, this amount in practice will depend on many factors, such as the industry, location, and hence may vary depending on the specific case. Assuming that checking 1 document (opening and briefly reviewing a file) takes 5 seconds, then in the theoretical working time (excluding fatigue breaks, holidays, and sick leaves) over a month, this one employee would be able to check about 120 thousand documents. Therefore, the unit cost of checking 1 page is approximately 1.5 euro cents.
