Issuing and receiving paper invoices is causing organisations to persistently waste high volumes of paper, due to the fact that manually printed invoices frequently incur mistakes and end up being resent. With e-invoicing (http://www.accountis.com/
Additionally, the global impact of wasted paper is a mounting concern. According to recent statistics, within just 15 years approximately 20% of Africa’s forests will be gone. The World Conservation Union’s Red List has confirmed that more than 12,000 species (out of the 40,000 assessed) will end up facing extinction as a result. This equates to an alarming 1 bird species in 8, 13% of all flowering species and a huge 25% of all mammals being affected.
Invoicing electronically is hitting environmental issues right at the very core. Reduction in fuel and energy also occurs when invoices don’t need to be carted around in a Royal Mail van, and as a result will help preserve our dwindling fuel resources. It is estimated that just one paper invoice leaves a 100g carbon footprint, meaning that if an average company sends out 12,000 invoices per year this would save 14.4 tonnes (1) of carbon, 57.6 trees (2), 180,000 litres (3) of water and 1872kg of solid waste (3).
Fundtech have an excellent ‘Green Calculator’ (http://www.accountis.com/
By removing the need for printed invoices, e-invoicing is addressing environmental issues by helping save forests, preserve energy, and saving oxygen. By opting for e-invoicing, not only will you be replacing a slow, inaccurate manual process with a smooth, more efficient electronic service, you will be saving an astounding amount of energy and resources the second you make the switch. With all of these positives, it is tricky to understand why some companies are still issuing invoices as paper documents (http://www.accountis.com/
(1). Ind. est. of 1 inv.=100g carbon footprint
(2). Euro Banking Association Report 2008
(3). Environmental Defence Fund
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Fundtech FSC Ltd is an international provider of invoicing scanning (http://www.accountis.com/
Founded in 2002, Accountis became part of the Fundtech group in early 2008 and processes over 1 million transactions every day. The Fundtech trusted transaction network is used by many of the World's largest corporations to leverage existing systems and maximise efficiencies across the financial supply chain.