The Daily Prosper
A world free of paper bills

Towards a world free of paper bills

Today, many questions are raised about how a company can avoid unnecessary expenses or increase its productivity. If we would add the challenge of minimizing negative impact on the environment, a new question emerges: electronic or paper bills? 


 

Electronic bills carry many advantages over the traditional paper form. The biggest being the cost of the paper itself. The production cost of the traditional paper bill is 7.22 euros compared to 2.27 euros for a digital invoice. Additionally the environmental cost is great. Every year, 114 million of sheets of paper are used for contracts, purchase orders, and receipts around the world.

The Ministry of Industry affirms that last year, Spanish businesses saved almost 119 million euros and more than 250,000 working hours thanks to the electronic bill. 

Concerning the environmental impact, it should be recognized that to manufacture a ton of paper, 24 pines have to be cut down. Trees that would be able to absorb 50 tons of CO2 every year.  If we didn’t use paper bills, the carbon dioxide equivalent emitted by 99,000 cars would be be neutralized in 365 days.

Another advantage of the digital bill is that it is safer. While the traditional bill can be copied, scanned, misplaced, or modified, the electronic bill is encoded and signed electronically, preventing any altercations.

Apart from this, it’s more user friendly, easier to look at, saves space, and any mistakes can be corrected more easily. If it is just a valid legally, and fiscally, and we are living in an increasingly digitalized world... why not put an end to the mountains of paper stacked on desks, which waste time and inflict serious harm to the environment? Digital bills can only be beneficial.