How to Save $15.16 on Every Invoice

Typical U.S. business could cut $1.1 billion in billing costs.

By CPA Trendlines Research

Widespread adoption of e-invoicing across six major economies could generate $616 billion in annual economic gains, according to new research.

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U.S. businesses save $15.16 per invoice, totaling $1.1 million in annual productivity per firm. The United States alone could net $116 billion, with small and midsize firms capturing $97 billion, or 83 percent, of that value, says the Avalara and the Centre for Economics and Business Research study.

“E-invoicing isn’t just a compliance solution, it’s a growth engine,” says Ross Tennenbaum, Avalara president.