The Hidden Cost Of Inefficiency 🫣

Are you losing $30 per invoice?

One of the most overlooked and underestimated costs to your business is accounting efficiency — simple because it’s not very exciting.

The Costs of Processing an Invoice 💰

The cost of processing an invoice is higher than you think. The ATO’s research reveals a whopping cost of $30 per invoice, meaning it’s taking AP/AR teams at least one hour to process an invoice.

It’s not hard to see why when factoring in emails and calls back and forth to confirm details, crosschecks, and internal processes. We think this disjointedness is unacceptable and is why Goti seeks to unify these tasks - reducing invoice processing to 10 minutes or $5.

How Much is Inefficiency Costing You?

The below table summarises the staggering costs of an inefficient accounts function. We can see the cost for an average SMB processing 50 invoices a month can easily run up into the thousands.

This is a consequence of teams lacking access to the right tools and processes in place to automate the heavy manual workload.  Even more concerning is that over 80% of Australian businesses have not automated their accounts process, is this you?

Ready For A Change - Join Our Waitlist 😀

Join Goti today, and we'll help you calculate just how much accounts inefficiency is costing your business.

Goti's simple invoicing and payments platform enhances your businesses ability to get the important (and let’s face it, boring) stuff done. And, with the latest in cyber security tech we’re protecting you and your team from fraudsters.