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Yan’s Notes32
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Yan’s Notes32
EN

Human factor

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Yan from Owner.One

Some organizations provide asset and capital information storage services. These services are limited to filing, storing, and transferring documents. While the cost of services is relatively low, from $9 000 to $15 000 per month, demand for them is not high. Why? Firstly, these companies only store what the owner provides; the owner is the sole source of data updates. This reduces efficiency and empties the very essence of the idea. By the time documents are transferred, most of them will likely be outdated. Secondly, there are doubts about precise execution. Payments are required continuously, while the documents transfer occurs later and only once. The owner won’t be able to verify the timeliness or completeness of this process, but expenses over ten years can be substantial. As a result, many consider these services to be “money wasted”. However, the need itself persists: 71.41% of surveyed capital owners would be willing to rely on a third party-provided it’s not a person.

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