I read this great article today on BusinessWeek.com about electronic invoicing. It outlines the traditional, tedious billing process and compares it to electronic invoicing. It references how much money the US treasury estimates that they will save by implementing e-invoicing -- "implementing e-invoicing across the entire federal government would reduce cost by 50% and save $450 million annually". That is an amazing amount of savings - just imagine what e-invoicing could do for your organization.
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To read the entire article; BusinessWeek.com