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Productive Business using e Invoice

Productive business Using E-Invoice The State of Paper INVOICE Most Companies and even more B2B transactions rely on sending and recieving paper invoices Organizations handling majority of paper invoices Total percentage of paper invoices 13% 35% 65% 87% Manual Paper Penalities Paper invoice inefficiencies cause huge problems for both accounts payable and receivable staff. Electronic Paper Yes Main Reasons for adopting e-invoicing 0000000000000 43% of Organizations rely on inefficien, 25% of accounts payable time manual data processes O 000 is lost to invoice problems O 18% of Organizations report lost or missing invoices. O00 U 12% of suppliers lose threeU To Reduce Costs 79% O O 000000000000 Increase Efficiency 77%00 00000000000000 management days chasing O Strengthen supplier ties 60% 00 nvoices. 00000000000000000000 - 24% of Organizations have high invoice exception rates. 13% of Organizations unable to report liabilities. The E-invoicving Difference European commission expects £ 18 billion savings from e-invoicing 10% increase in e-invoicing reduces DSO by 3 days E-invoicing cuts process time by 5-30 days E-invoicing enables discounts on 50% of invoices processed E-invoicing increases data accuracy, thus enabling fully automated AP and Every million e-invoices save 133 trees AR processes Paper Percentages 8-10% 10-40% 60-80% 96% of all paper invoices of all paper invoices of all typical office waste ends up being paper of companies have had to issued contain mistakes issued come into dispute re-issue invoices in the last 12 months Saving Money On average 40 employee hours each week are spent scanning or manually inputing invoices per Online invoicing can save money on postage, the estimated postal costs for 80 invoices a month is $1245 company 50% of companies in the UK don't know the average cost of processing a single invoice Designed By: NVOICE INVOIC Invoice Template A company sends out 12,000 paper invoices per year

Productive Business using e Invoice

shared by ShaeLynn on Dec 20
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Paper invoices have problems that require re-issue and wastage most of the times and 96% of the companies report the same in the previous 12 months of the survey. Costs incurred in postal mails and sc...

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