It’s High Time We Said Goodbye To Paper Invoicing

Julie Starr • March 14, 2022



Paper invoicing was once the done thing. But over time, it’s becoming increasingly clear that it comes with costs. Not only is it unwieldy and unmanageable, it’s also unsustainable. We simply can’t justify cutting down trees and emitting vast quantities of carbon dioxide, just to tell each other that money is owed. 

Arguably, the time has now come to say goodbye to paper invoicing and embrace digital alternatives for small business accounting . Here’s why: 

It’s Fast

Whipping up a digital invoice is something that you can do quickly, or even instantaneously, depending on your systems. When a customer places an order, it comes through to your enterprise resource planning system which then creates an invoice on your behalf, made using the information the customer provided. In many cases, there’s no human effort or work involved at all. It’s just a matter of allowing the software to do its job. 

It Lets You Resolve Errors Quickly

When sending traditional paper invoices, errors can be incredibly time-consuming. For instance, imagine you receive an order from a customer and send them out an invoice in the post. It takes three days to get to them. When it arrives, they discover an error, forcing you to send them another invoice for their records. 

Therefore, you send out another which takes a further three days. When it eventually arrives, they pay it, but it still means that your business is missing out on cash flow. It would have been much better to do it all online. 

What’s more, administering incorrect invoices is costly. Someone in your team needs to dedicate time to figuring out what went wrong and how to resolve it. 

It Reduces Risk

Human error, fraud, duplication and lack of oversight are all risks when invoicing using traditional methods. It’s easy, for instance, for criminals to send you invoices for payment, pretending to be your clients. 

Digital invoicing helps to prevent this. That’s because it provides security measures to make sure that you only communicate with clients. What’s more, many software options also offer features that automatically root out duplication issues, preventing you from paying the same client twice. 

It’s Green

Paper invoices waste natural resources . And, these days, they are totally unnecessary. Raising a digital invoice is faster, cheaper and more reliable than trying to do it the old-fashioned way. 

Remember, when you choose digital invoices, you’re not just saving on paper. You’re also cutting down on all the energy required to cut down trees, transport them to paper mills, process them, and then distribute them to offices, like yours, around the country. 

It Increases Accuracy

Lastly, when you convert to digital invoices , you’re able to improve your visibility and boost end-to-end tracking. You can keep tabs on things like payments, validations and approvals in real-time. 

Electronic invoices are also critical for your audit trails. You can evaluate the number of disputes that you’ve had with suppliers and then measure these over time to determine who your partners should be, and who is actually costing your business more than they are worth. 

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