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The Shocking Truth about Paper Invoicing & Payment
Have you any idea how much it costs your organisation to send and process a paper invoice - and we don’t just mean money spent on paper and stamps.
For most companies the invoicing and payment process is slow and painful. Whether paying out for services received or trying to get hold of money owed everyone knows that it can take weeks, if not months, to see the process through to the end. In business time is money and when you are at the mercy of a slow paper-based process the shocking truth is that you can end up wasting an awful lot of both.
This article, which is useful for anyone writing a business case for e-invoicing, breaks down the outbound paper invoicing process and explains exactly how much it costs for your organisation to process them. Using the latest industry figures, it also looks at the costs incurred by your customers who receive them and points out the areas where substational savings can be made by getting rid of paper and taking the process online.
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