A brief history of the PDFĪdobe invented the PDF over 25 years ago. In this blog post, we’ll focus on how you can export data from PDFs into spreadsheet programs like MS Excel. However, converting data from PDF invoices into accounting tools can present a challenge. The versatility and flexibility of PDF have made it the de facto official file format for document sharing and collaboration. And we can safely assume that most accounts payable (AP) teams are scanning paper invoices so they process them. In a 2018 survey, Levvel found that 36% of invoices are submitted in paper format, which means 352 billion invoices are received electronically 1, primarily in Portable Document Format (PDF). Globally, businesses produce a staggering number of invoices: a 2019 Billentis report on the state of e-invoicing puts the current total at 550 billion invoices per year.
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