I received the following e-mail today from a competitor, which made me smile!
Did you know?
– The average time to process an invoice takes 27 days
– 12-14% of billing is believed to contain errors
– Missing bills lead to added costs and late payment penalties
According to recent research conducted, companies still receive over 80% paper invoices and entering those invoices manually is prone to delay and error.
I will also share some further statistics I have later on.