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Digital Invoice

Over 80% of invoices produced in the UK are still processed on paper

Digital Invoice Processing

Over 80% of invoices produced in the UK are still processed on paper, each invoice costing £7.12 and eleven days to process. Scanning, capture and conversion of paper to digital invoices can significantly reduce the time taken to process invoices and also reduce the per-invoice-processing cost. However, the real return on investment is received as improved efficiency of the accounts payable department.

Benefits:

  • Reduced administration costs and increased efficiency 
  • Avoid late payment fees and benefit from early payment discounts
  • Improve supplier relations and reduce invoice status inquiries
  • Better control and visibility of the payment process and cashflow

Here's an example of how one of our customers has managed to reduce per invoice processing cost and achieve straight through processing for majority of their invoices.

Savills reduces processing costs with an Outsourced Invoice Processing and secure storage solution

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