Over 50 percent of business still using paper-based invoices

October 23rd, 2012 | Posted by Kevin Corley in Document Management

While document management solutions and the migration to digital business landscapes is growing in popularity, many companies are still stuck behind a wall of paper, a recent study by Basware found. According to the company's annual Global E-Invoicing Study, 53 percent of businesses still rely on paper-based invoices, with 25 percent not even scanning them for backups or archiving.

Going digital with invoicing can drastically reduce the amount of paperwork a business deals with on a daily basis and is more cost effective in the long run. This can help a company reduce pressures on workflow that invoicing processes can create as well, and effectively eliminates the paper waste from this part of operations.

One drawback to going entirely digital is some businesses meet resistance from their suppliers. However, the study also found that this resistance is dropping, from 46 percent in 2011 to a mere 26 percent this year, promoting far more success with digital invoicing solutions.

Ultimately, reducing paper with suppliers and clients is a major step in adopting a paperless office and allows a business to focus its resources on more important areas of operations rather than the management, storage or the destruction of paper.

Brought to you by Image One Corporation, providing complete information governance since 1994.

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