Fifty-two percent said invoice automation workflow tools are used to send invoices throughout the approval process within their company or organization.
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Fifty-four percent said data from incoming invoices are manually entered into their company’s billing or accounting software systems.Employees from large organizations estimated that only 28 percent of all the invoices they received were on paper.
Employees from small- and medium-sized businesses reported receiving higher rates of paper invoices, which made up about 44 percent and 30 percent, respectively, of all the invoices they received.Electronic invoices or those uploaded through a web portal made up only 30 percent of all invoices received.About 36 percent of all the invoices they received were on paper, while another 34 percent were sent and received by email.In fact, a 2018 Levvel Research survey of more than 400 back-office employees across several industries in North America revealed how common paper invoices still are: Why use online invoicing software?Īlthough there’s no shortage of online invoicing software out there, paper invoices are still a popular choice for many businesses. Online invoicing software can help you save money and time by eliminating the need to print invoices, cut snail mail out of the equation, and, above all, get you paid faster so you’re not playing the waiting game. Even if you create an invoice on your computer and send it as an email attachment, you’ll still need to wait for payment information to come in for processing. If you’re using paper invoices to bill your customers or clients, you’ll likely need to print each invoice, mail it out, wait for a response, and process the payments when they arrive.
Whether you’re waiting in traffic or waiting for your food to arrive in a restaurant, it’s a fact of life that makes you groan, sigh, complain, and stress out all at once.īut one thing you shouldn’t have to wait on is payment for your services.
Everyone hates waiting, but we all have to do it.
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