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Say a single machine had a hard drive failure thus impacting your accounting data. You have a backup but it's a month old. Say your on-staff bookkeeper spends a conservative 3 hours a day handling invoicing, billing, and general reporting. 30 days, 3 hours a day, $65 / hour burdened labor rate, and the loss of that hard drive cost your company $5850. Not to mention a disgruntled overworked bookkeeper that has to re-enter all of that.
What if theft or fire claimed three machines... and also the cabinet where you kept the backups? What is the cost of recreating your business or that department? |