
The right finance tech stack will optimize your payables processes. Explore our expert-backed tips on building a successful tech stack.
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The data housed in your finance department is incredibly valuable – it can offer the competitive advantages your business needs in an increasingly crowded marketplace. Forward-thinking companies are empowering finance teams to move beyond traditional transactional activities and deliver: – Analytical insights to improve overall business performance – Strategic business guidance that anticipates potential issues To make this a reality in your business, you need a modern technology solution that delivers a robust, cloud-based infrastructure and real-time data accessibility with 24/7 availability. We invite you to read this Tipalti eBook extract to understand five key considerations for building your ideal finance tech stack.
The effects of paper production on our environment are frequent and far-reaching. Deforestation, massive amounts of energy and water and increased carbon emissions are just some of the debilitating effects of producing paper. Today, paper alone accounts for around 26% of total waste in landfills.(1)
Payables automation creates significant business benefits and has a powerful impact on the environment by reducing paper invoices and payments. According to industry data, it takes about eight trees to produce between 1,000 to 2,000 pounds of paper. With a typical 500-sheet packet of paper weighing five pounds, that’s 10,000 to 20,000 sheets per tree.(2) Applying those stats across Tipalti’s customer base, we have helped save an average of 94 trees per month.
Do you want to see how many trees you could be saving each month? Input how many invoices you print and the number of envelopes you use, and we’ll show you just how much of an influence you could have on keeping our planet green.
If you’re interested in streamlining invoice processing and want to help save some trees, contact us today to learn how we can help.
- Reference: https://www.theworldcounts.com/stories/environmental-impact-of-paper-production
- Reference: https://www.sierraclub.org/sierra/2014-4-july-august/ask-mr-green/how-much-paper-does-one-tree-produce
Paper Used
Trees Consumed
*Assuming 15,000 average sheet per tree