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Why Automating Property Tax Bills Is A Pre-Requisite For Your Business

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Are you still relying on a manual system to effectively process your property tax bills? If so, not only does it mean your system is not as efficient or effective as it could be, but you are also putting your business in a disadvantaged position. How ? 1. It costs more: While there isn’t an exact figure for the cost of manual invoices, various experts, like  Sterling Commerce , have found that the average cost of a paper invoice can range anywhere between $12 to $30. However, companies with a more complex AP process can expect costs to peak at nearly $40 per invoice. Sterling states that fully-automated invoices cost just $3.50 per invoice to process. 2. It’s time-consuming: With a manual system, it takes days or even weeks to process bills. As your team spends more time on such non-essential activities, more important activities such as analysing and reducing assessments are impacted. 3. It’s prone to human error: Excel spreadsheets and other manual tax tools are prone to human er...