How much does it cost your business to handle an invoice?
Here is an infographic showing average costs for Australian companies to send and receive invoices. When you factor everything in, it can be a lot higher than you first thought. And some businesses say their costs are even higher. These are averages, so that would be true.
But it’s not all bad news. Technology advances now allow even small business to take advantage of true eInvoicing. Note the savings that can be had by simply sending invoices from one accounting system to another.
Is this where you can save costs in your business?