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E-invoicing? We already do this don’t we?

AP Association

According to a Billentis report in 2017, 90% of invoices worldwide are still processed manually. Even where organisations have made progress by receiving invoices as pdf email attachments to reduce paper and processing times, it is not without issues. Global Tax Losses.

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Stay Tax-Savvy: Regional Invoicing Rules Explained

Invoicera

Tax Reporting and Compliance Separating the rules governing invoicing and tax reporting requirements is nearly impossible. Businesses must regularly report their sales and the taxes collected to the authorities. In some jurisdictions, that will involve real-time or near-real-time invoice data reporting.

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Robotic Process Automation: The Meaning, Myths & Truths of RPA

AvidXchange

Steps in the RPA invoice process Using rules and instructions, RPA can be used throughout the following invoice processing steps: RPA can monitors a company’s email accounts or shared folder files looking for invoices. The technology figures out the intent of the emails and identifies the ones that are invoices.

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Outsourcing Accounts Payable: The Pros and Cons

AvidXchange

For these reasons, many companies are attempting to streamline their finance and accounting operations by adopting and integrating automated accounts payable tools and by restructuring their internal processes for a 21st-century business environment. Among those that were hit by fraud, 92% said the attacks collectively cost at least 0.5%