The manual processing of invoices is slow and manually-tasking: from the moment they arrive they need to be processed, coded and submitted for approval before being manually entered into the system-of-record or ERP system. Data entry errors are common and invoices easily misplaced or overlooked. It’s no surprise that invoice processing remains a manual process for many finance departments who struggle to keep pace with digital transformation compared to the rest of the business.
Increase time-to-payment and overall collections with the right automation
December 13, 2021