The key benefits include:
- Elimination of keying errors and lost documents
- Fewer discrepancies
- Faster reconciliation process
- Faster payment
- Elimination of duplicate paper processes and associated costs
- Reduction of storage costs as archiving moves to CD-ROM
- Less people power devoted to printing, sorting, mailing, coding and inputting
- Lower postage costs
- Expedited flow of information and improved response rate
- More time spent on selling/negotiating instead of on paperwork
- Better inventory management
- More effective and in-depth sales and management reports
- Electronic "paper trail" and ad tracking