Ecological Trend: How Accounting Automation Helps Companies Save Forests

Paper Reduction

Switching to digital invoices and receipts means less paper used in accounting operations. For a better understanding, let's take a look at how much paper companies worldwide consume annually on paper invoices.

According to statistics from the International Federation of Accountants (IFAC), companies worldwide use over 50 billion paper invoices every year. This represents a massive volume of harvested wood and paper production, which has a negative impact on forests and the environment.

Lower CO2 Emissions

Traditional accounting, which involves printing invoices, their distribution, and physical archiving, can result in significant transportation and handling of paper documents, leading to increased greenhouse gas emissions. Transitioning to digital invoices and automating the accounting process reduces the need for physical document movement, resulting in lower CO2 emissions.

Less Waste

Paper invoices and receipts are not only a burden on forests but also contribute to waste generation. Over time, these documents are often archived or destroyed, leading to further waste creation. Digital invoices and receipts are an eco-friendly alternative that reduces waste generated within the accounting process.

Conservation of Water Resources

Paper production is highly water-intensive. Many forests are thus not only destroyed through tree felling but also due to the high water consumption associated with the paper industry. Transitioning to digital invoices and receipts contributes to conserving crucial water resources and protecting our rivers and lakes.

Conclusion

Accounting automation and the transition to digital invoices and receipts are modern practices that not only enhance the efficiency of businesses but also offer significant benefits for the environment. Reduction in paper consumption, CO2 emissions, waste generation, and the conservation of water resources are just some of the reasons why companies moving in this direction are contributing to an ecological trend and the protection of our planet. Thanks to these innovative steps, we can hope that forests will last longer, and our environment will remain cleaner and healthier for future generations.