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Day: September 7, 2006

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. Technorati Tags: e-invoicing, EIPP, invoice