A number of companies both small and big are constantly looking for innovative ways to diminish the cost of administrative corporate overhead. An extremely viable way to save money and time is choosing automated electronic invoicing over paper invoices. For the majority of companies, invoicing is a severe cost.
Recent studies indicate an average of outbound paper invoices can accumulate to double the cost of automated electronic invoicing. The price of ink or paper is not the cause of the increase in average costs, but the wages of administrative personnel handling paper invoices, and the postage involved.
The creation of the paper invoice and checking whether or not it has been paid results in a plethora of time-consuming actions, ranging from archiving, printing, placing the invoice in an envelope, mailing, sending reminders, etc. We're talking about an average of 25 minutes per invoice-inbound and outbound.
Thus, one can save time and money with automated invoicing, otherwise known as electronic billing. Automated invoicing, or e-invoicing, can reduce the handling time inbound and outbound to three minutes. The incredible gain of the time equals revenue of a couple of thousands of dollars for a small entity, and several millions of dollars for a big enterprise. These simple facts alone can help a business determine how much money and time is saved with automated invoicing. At OrangePoint.net we're here to show how, and why, this can be the solution you're looking for.