Published September 04, 2019
It’s 2019—self-driving cars, 3D printed wardrobes, and robots with the ability to predict and react like real people all exist. And you’re still manually printing and mailing your invoices? Think again. It’s time to embrace technology. Go paperless and start sending invoices with the click of a button! Read on if you’re interested in exploring the various business benefits of going paperless.
1. Save Money and Resources
What business doesn’t want to save money, and cut costs wherever possible? With 82 percent of companies still spending billions on paper, it’d seem like a no brainer to go paperless. E-invoices are here to help your bank account. Say goodbye to routine runs to the office supply store, emptying out your wallet to yet again buy more paper—no need to spend on paper when clients can receive invoices directly in their inboxes! Also, save yourself the headache and extra cost of contacting a technician when your printer starts acting up. Cha-ching!
2. Increase Productivity
Do you often find yourself at work repeating the phrase, “if only I had more time…?” If so, going paperless is the solution for you. By doing away with paper invoices, think of all the minutes of your life spent preparing, printing, and mailing invoices that you’ll get back. Sounds like more time to productively accomplish in-office tasks, so that you can catch up on your favorite TV series after work instead of finishing up incomplete projects. A win-win!
3. Digitize Your Business
We’re living in a digital age where it’s crucial to constantly evolve with and implement the latest technological developments in your business practices. Transitioning from paper to digital invoices is an easy first step to digitize your company.
To further advance towards being a digital business, your company could make small changes such as going paperless with other documents including on-boarding forms, contracts, and receipts. Have clients and employees fill out forms online rather than via an abundance of printed paperwork. Added bonus: it will also spare you from having yet another pile of paper cluttering up your desk or filing cabinet!
4. Receive Payments Faster
Paper invoices are a nuisance for both customers and businesses. Customers must go through the hassle of either providing credit card information, mailing a check, or making a payment in-person to pay their balance. For businesses, all of these options delay the payment process. Luckily, e-invoices speed up the payment process so you can be paid immediately! Both customers and businesses benefit from this simplified and convenient payment process.
5. Contribute to Helping the Environment
Data from the Global Forest Resource Assessment reveals that approximately 80,000 to 160,000 trees are cut down every day worldwide—most of which is used in the paper industry. Deforestation is a major contributor to climate change, so why not make a simple change to reduce your business’s impact on the environment?
By transitioning to paperless invoicing, your business will be helping to conserve trees, ultimately reducing the amount of deforestation. To further entice you to go paperless, the U.S. Department of Energy incentivizes eco-friendly business practices via tax credits and rebates. Go green!
The list of reasons to go paperless goes on and on, so what are you waiting for? Sign up for Invoice Home today to try the best and most convenient method of e-invoicing!