Who Knew Technology Could Save a Tree

Vice President, Marketing, Basware, Inc.

As Earth Day approaches, we‘re all reminded of what we as consumers can do to conserve natural resources and leave a smaller footprint. But we often don’t hear as much about how business is changing to become more eco-conscious. Today’s forward-thinking organizations are leveraging automation to enable sustainability.

A key area in which companies are meeting their green targets is in invoicing.  Invoices are a major contributor to paper overload in organizations today, so companies of all sizes and in all industries are using automated e-invoicing to reduce the number of paper invoices.  They’re using business commerce networks to send and receive e-invoices, and conduct commerce with suppliers across these networks.  The business commerce networks connect buyers and suppliers and reduce the need to print, post, process, manually key-in, store and dispose of paper invoices.

Basware, the global leader in providing solutions for better buying, better selling and connected commerce, conducted a study that found that 30 billion invoices were sent across Europe alone.  Since a typical invoice is approximately three pages long, 90 billion pieces of paper were printed out, posted and flown across Europe in just one year.  If all of those invoices were sent electronically, 12.6 million trees, 105 billion pieces of paper, 13 billion liters of water and 5.4 billion kWh of power could be saved each year on just the paper manufacturing alone. This is the equivalent of powering 15.8 million 40W lamps, constantly, for 24 hours of the day for an entire year.

So if you belong to a company that has embraced e-invoicing or automated invoicing processes you can pat yourself on the back this Earth Day – you’re not only operating more efficiently, you’re also protecting our earth.

Category: Market trends