How E-Invoicing is Leading the Way to Sustainable Business

According to Tungsten, electronic invoices generate 87% fewer greenhouse gases than paper invoices, a significant number when many organizations are processing thousands of invoices at a time.

Did you know that creating paper invoices uses as much energy per year as the consumption of 20 million households? That’s a lot, and most people don’t realise how big of a difference seemingly small changes can make in the big picture. Here’s why making the switch to e-invoicing is a sustainable business practice that benefits both the environment and your business.

Research by sharedserviceslink shows that, on average, companies that offer shared services get 750,000 bills every year. About 60% are sent on paper or as PDFs that can be printed. That's 3.6 billion paper bills every year. There are 7.2 billion sheets, or 36,000 tons, of paper used by each company every year because each statement is two pages long.

The same study found that 17,000 gallons of water are used to produce a single ton of paper. So to produce the 36,000 tons of paper used for invoices each year, organizations are using as much as 612 million gallons of water.

The harsh reality of invoice paper

The most recent study from Billentis says that there are about 550 billion invoices in the world. By 2035, that number is expected to have quadrupled. The number 55 billion is an interesting one to think about in the study. That's about how many electronic bills are sent each year, and that number is projected to rise by 10 to 20 percent each year.

These days, more businesses than ever are using computers to make invoices, but we are still writing huge amounts of paper. Besides that, sending bills all over the world hurts both trees and the environment by releasing CO2.

E-invoices are one of the best ways for businesses to be more environmentally friendly because they make three times less CO2 than paper invoices. Although technology can also release some carbon emissions, using e-invoicing instead of paper invoices is better for the world altogether. Companies that send and receive electronic records not only use less paper, but they also use less fossil fuels, which is good for the environment.

Making the responsible decision for our planet

One of the main reasons to promote e-invoicing is that it is environmentally friendly. There are already a lot of companies in continental Europe and nearby countries that have made environmental policies part of their general business plans and are encouraging people to use "green" or sustainable business practices. By using e-invoicing, providers can not only cut down on the amount of paper their business uses, but they can also help the whole supply chain run more smoothly.

Going green with e-invoice and its effect on the environment :

There's no doubt that e-invoicing can help you be more environmentally friendly.

With e-invoices, your business can use less paper and other resources that are related to it, like chemicals that are bad for the earth. In addition, this keeps our nature clean and stops trash from ending up in the environment.
E-invoicing is also good for the earth because it cuts down on energy use and greenhouse gas pollution.
Paper invoices leave a bigger carbon footprint than internet invoices because paper invoices are printed on paper. In general, electronic billing is four times better for the earth than paper bills.
Cutting down on paper use is good for the world. In the digital age, both card providers and cardholders have decided to act in a "green-friendly" way to protect the environment for future generations.

You can help your company be more environmentally friendly and run more efficiently by putting in place the technology that allows e-invoicing. Email billing doesn't change how your company does business, but it does make things better.

Be more sustainable with Kollect e-invoice SoLution (KeiL)

Switching to Kollect e-Invoice Solution (KeiL) today is the first step toward a more sustainable future. Our cutting-edge e-invoicing system not only makes your billing processes more efficient, but it also makes a big difference in the environment. By using KeiL, you can cut down on paper use, energy use, and greenhouse gas emissions. Contact us now to find out how KeiL can change your billing and help make the world greener and more sustainable.

Source :

Medium - https://medium.com/@fordeer/how-e-invoicing-can-help-you-grow-your-sustainable-business-9f855fb361c4
Pagero - https://www.pagero.com/blog/sustainable-business
Tungsten Automation - https://www.tungstenautomation.com/learn/blog/e-invoicing-and-sustainability#:~:text=Electronic%20invoices%20generate%2087%25%20fewer,of%20invoices%20at%20a%20time.
Orbyt - https://orbyt.tech/blog/2023/12/go-paperless-with-e-invoice/
Bangqup - https://www.banqup.de/en/blog/digitale-nachhaltigkeit-e-rechnungen-fur-einegrune-zukunft