April UK Stamp Price Increase – It’s no joke!
April UK Stamp Price Increase – It’s no joke!
The price of sending out paper invoices in the UK is about to go up again. The Royal Mail has issued its price guide for 2009, showing that from the 6th April, the price of 1st and 2nd class stamps (for standard letters weighing up to 100g) would rise 3p to £0.39 and £0.30 respectively. This increase helps only to highlight the benefits of switching from paper to electronic.
With the average e-invoice transaction costing only £0.25, there are significant savings to be made….and that’s just on postage. With e-invoicing there is no paper, ink and envelopes of course. However, the most notable savings result from improved process efficiencies, such as copy document issuing, query management, reconciliation, archiving etc. According to Billentis, by introducing e-invoicing an organisation can save 57% on the cost of processing an invoice, but savings can be higher in organisations where the process is more complex.