When you have a lot of purchase transactions and incoming invoices from your vendors, it’s pretty easy to lose track of the invoices and their due dates.
Watch out for duplicate payments! Suppliers will often send a second invoice if the first one hasn’t been paid off quickly, and you can mistakenly end up paying for both. If you own a business that operates from multiple locations, there can be confusion about which location is paying which vendor invoice.
Manually processing your accounts payable can be time-consuming, and if your internal process isn’t efficient, the results can be less than desirable. Apart from late payments, there is also the chance of unauthorized purchases if you have an inefficient internal process.
Manual invoice data capture is most expensive, may not be reliable, if manual data entry is involved in every activity, there is a possibility of errors these type of flaws are not acceptable in AP process.
When you have a lot of purchase transactions and incoming invoices from your vendors, it’s pretty easy to lose track of the invoices and their due dates.
Watch out for duplicate payments! Suppliers will often send a second invoice if the first one hasn’t been paid off quickly, and you can mistakenly end up paying for both. If you own a business that operates from multiple locations, there can be confusion about which location is paying which vendor invoice.
Manually processing your accounts payable can be time-consuming, and if your internal process isn’t efficient, the results can be less than desirable. Apart from late payments, there is also the chance of unauthorized purchases if you have an inefficient internal process.
Manual invoice data capture is most expensive, may not be reliable, if manual data entry is involved in every activity, there is a possibility of errors these type of flaws are not acceptable in AP process.
Advance document capture
AI infused intelligent processing
Extract and Export to any repository
Rule-based capture
Role-based redaction
PO / Non-PO Classification
Invoice Categorization
E-Invoice
Task Routing
Dashboards
Validations
Deviation management
DoA Approvals
Audit Trail
Notifications
Reporting
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