Baker Tilly invests in paperless document storage
Mid-tier firm Baker Tilly has taken a 25% equity stakeholding in a new electronic document storage firm, RML Archives Limited.
The accountancy firm bought the stake at 60% below the current UK market rate and will be among RSL’s first clients.
The partnership deal will allow Baker Tilly to reduce its paper storage costs, which currently stand at over £100,000 year, while investing in the development of new technology.
‘We currently have 30 million pieces of paper in long-term storage,’ Richard Spooner, partner at Baker Tilly said. ‘Our involvement in leading edge technology is the first step to becoming a paperless office.’