True Cost of a Physical Invoice

90% of all invoices worldwide are still processed manually.

Why do some businesses still use paper invoices, even as technology has made such advancement in recent times?

What companies need to do is first define and quantify the problem—and then evaluate how much better they could be doing with payment automation. This brings in the question of how do we truly Measure the Cost of Paper?

Broadly there are 3 costs associated:

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