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Statistics on invoicing

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.

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