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Reducing billing cycles
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Paper creeps through the mail and through A/P and A/R, often adding up to days or even weeks. That’s without even factoring in lost documents, filing errors, etc...
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Fraud
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Paper documents are much easier to alter or substitute. Changes in electronic billing documents leave a trail.
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Visibility
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Need to know the status of a transaction? Good luck if it’s on paper. Electronically, it’s just a couple of button punches away.
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Accessibility
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One copy of paperwork, one person can use it. What if someone else needs to see it? If it’s paper, it means making copies - which opens the door to problems. If it’s available electronically, everyone can see it at once.
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Storage
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Look at the pile of paper you generate every week, and where you have to store it. Ouch. Electronic documents are stored on top of your desk, without the mess.
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Going green
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You’ll also do the world a favor by reducing the amount of paper your company consumes.
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