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07 November 2018

Why small biz should embrace e-invoicing

Australian Small Business and Family Enterprise Ombudsman, Kate Carnell explains how e-invoicing can improve cash flow for small businesses.

Research shows the cost of processing a paper invoice is $30.87, a pdf-based invoice $27.97, while an e-invoice is just $9.18.

Around 1.2 billion invoices are exchanged in Australia every year; the potential benefit to the Australian economy in switching to e-invoicing is $28 billion over 10 years.