The cost of invoicing

TRADESHIFF Paper pushing and re-typing invoices doesn't The cost create value, yet so much time and money is spent on processing them every day. Online invoicing not only streamlines your business processes it also significantly reduces costs. of invoicing Oh yeah, it also helps save the environment! This is the average cost of resolving a paper invoice dispute. $20 INVOICE $1 Add to this the cost of ERROR a single invoice at $31 Total per invoice a company sending out 12,000 paper invoices per year, could save 57.6 TREES 180,000 1872kg Litres of water CO2 of solid waste 14.4 Tonnes PAPER PERCENTAGES 8-10% 10-40% 60-80% 96% of all paper invoices of all paper invoices of all typical office waste of companies have had to issued contain mistakes issued come into dispute ends up being paper re-issue invoices in the last 12 months SAVING MONEY & TIME SAVE MONEY ON Online Invoicing POSTAGE reduces the cycle time of an invoice from 8 days to 3 days Online Invoicing can save money on postage, the estimated postal costs for 80 invoices a month is $1,245 INVOICING WORLDWIDE Users in 190 Countries worldwide MOST COMMON use Tradeshift for EXCUSES e-invoicing "I never received the invoice" "We didn't 50% receive a purchase order" of companies in the UK don't know the average cost "The invoice was dated incorrectly" of processing a single invoice. Over 50,000 companies have switched to online invoicing with Tradeshift. Sources: enlivensoftware.com, European Commission, freelancesupermarket.com, enlivensoftware.com, Envirowise, Creditsafe, EzineMark.com, Business Database Indicator, Tradeshift, bottomline.co.uk, payontime.co.uk TRADESHIFF tradeshift.com