paper to digital
TRANSCRIPT
Paper to Digital
•Expensive and inefficient•Lacks any auditable records•Environmentally unsustainable•Costs average of $3.50 for standard paper to be processed•Average office space taken up by paper is 15.3%; could drop to 7.4% with electronic only filing
Time
6 months 1 year
Offsite mailroom
Paper to DigitalAc
coun
ts P
ayab
le 4
0%
Physical 30%
Email 60%
EDI 10%
D-Hub 70%
P2P 100%
VarietySt
ruct
ured
Do
cum
ents
40%
Whi
te M
ail
20%
Template 80%
Template 20%
Optimise
Classification/Exception
Optimise
Optimise
Paper to Digital
Electronic Invoicing
Vs Traditional
• 77% of invoices emailed get printed out as least once•Costs between $10 - $25 to process an invoice into an ERP
Paper to Digital