If you are an eCommerce aggregator, or a channel driven business, you know the pains of Channel management and its cost impact on your organization. To start with, the onboarding process itself requires a good amount of paper, courier, etc. This paper driven process slows down operational processes and creates unwanted liabilities arising from damage and fraud/ With the requirement to collect a vast array of documents sometimes ranging from KYC proof to tax compliance certificates, an average onboarding process can take up to 25 days!
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:
Every year 40,000 to 45,000 students graduate and earn their PhD degrees in the US. However, the number of fake PhD degrees that are churned out by diploma mills during the same period exceeds 50,000. What this shows is that one in every two person claiming to have a PhD degree in the US has a fake degree.
Did you know that the average number of students enrolling undergraduate programs in top 1000 ranked institutions around the globe last year was 6,316? This number jumps up to 45000+, when you consider the average among the 10 institutions with the highest undergraduate enrollments. (Source: U.S. News)
Did you know that emSigner is the paperless office solution that is trusted by some of the world's most prestigious and security-conscious organizations for secure document management? This includes the likes of Amazon, Cisco, IBM, Infosys, TATA, Wipro and many more.
Wondering what is the reason for this?
This video will clear the air and get you acquainted with the prowess of this unique paperless office suite.
emSigner has recently completed another huge integration with Tally, the popular accounting platform for digitally signing invoices. Tally is a market leader in accounting solutions for mid markets and is sold in several countries across the globe. With this much-awaited integration, customers can quickly sign, transfer and check the authenticity as well as integrity of documents generated using Tally platform on the go.
Last year companies across the globe invested approximately $1.3 trillion on taking the digital route. But tragically, recent studies shows that nearly 70% of these endeavors had missed the mark, causing an accumulated loss of over $900 billion. (Source: Forbes)