Automated document processing - Economical and ecological
A green alternative
Invoice automation not only helps companies improve their bottom line - it also reduces paper waste.
No more paper-pushing
Invoice automation saves five paper copies per processed invoice.
This means that ReadSoft software contributes to global sustainability, savings in excess of 1.5 billion paper copies every year.
Saving trees.
And planting new ones.
Through reduced paper usage, ReadSoft customers help save around 30,000 trees per year.
We also help in regeneration programs and have partnered with Rainforest Rescue to sponsor their "Plant a Rainforest" projects in Australia.
Environmental responsibility
ReadSoft's contributes to developing a sustainable society in the markets in which our technology is available. Our business concept demonstrates our desire to free businesses around the world from unnecessary paperwork. This contributes to reducing manual processing of paper, thus reducing paper waste and work-related injuries by replacing monotonous tasks with technology.
E-invoicing boosts the effects
More and more companies are turning to ReadSoft's solution for e-invoicing (sending invoices in PDF, XML, image files etc). This digitizes the original invoice as well, which lowers paper consumption even more. However, the biggest environmental gains with e-invoicing come from reduced transports.
Saving trees, and planting new ones
According to www.timbercorp.com.au, a tree produces 22,500 pages of paper. ReadSoft customers reduce paper usage by 1.5 billion sheets, which equals 30,000 trees per year.
To acknowledge customers who have contributed to a "greener" environment by automating their processes with ReadSoft software, we have partnered with Rainforest Rescue to support their "Plant a Rainforest" project. Read more about our Eco-Warrior program.
Reducing CO2
Assuming that regular printer paper is used, the 1.5 billion pages weighs 6,000-7,000 tons. According to the European organization for the paper industry, CEPI, each ton of paper product uses 0.34 tons of CO2 (Ref CEPI: Sustainability report).
Consequently, ReadSoft customers help reduce CO2 emissions by more than 20,00 tons per year.
How the calculations are made
When invoices are handled manually, they are usually copied a number of times before they are passed around for approval as internal mail.
The Gartner Group (www.gartner.com) estimates that the average invoice is copied 11 times. We have used a more modest number and done our calculations on two copies per invoice.
Doing the math
The average invoice is 2.5 pages, plus appendices (which we have chosen not to include in our calculations to avoid exaggerating the numbers).
This means that ReadSoft software will reduce the amount of paper involved in invoice processing by 5 paper copies per invoice.
Since ReadSoft customers process 300 million invoices per year, they help spare the world of 1,500,000,000 (1.5 billion) paper copies every year.