Tipalti

MAY 30, 2023

Automate your invoice processing with the help of software designed to save you time and money. Learn how invoice automation works in this in-depth guide.

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Outsourced Bookeeping

DECEMBER 22, 2023

In the ever-evolving context of corporate operations, effective invoice processing is essential to the smooth running of financial workflows. To meet the constantly changing needs of contemporary businesses, finding the finest invoice processing solutions becomes even more important as we approach 2024.

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Tipalti

DECEMBER 29, 2023

OCR plays an important role in making your invoice processing operations as seamless as possible. But what exactly is Optical Character Recognition?

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Invoicera

OCTOBER 8, 2023

Faster Payments: Automated invoicing generates and delivers invoices promptly, leading to quicker payment turnaround. Time and Cost Savings: Automating the invoicing process frees up a lot of valuable time that you can dedicate to strategic business activities. Implementing Invoicing Automation: Step-by-Step Guide 1.

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Invoicera

OCTOBER 8, 2023

Faster Payments: Automated invoicing generates and delivers invoices promptly, leading to quicker payment turnaround. Time and Cost Savings: Automating the invoicing process frees up a lot of valuable time that you can dedicate to strategic business activities. Implementing Invoicing Automation: Step-by-Step Guide 1.

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IPS

JUNE 9, 2021

The business case for invoice processing software is proven and compelling. But choosing the wrong invoice processing software can undermine an otherwise solid business case.

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Insightful Accountant

MARCH 2, 2023

How DocuWare is making wishes come true with modern invoice processing.

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Fidesic blog

FEBRUARY 24, 2023

In this article we will discuss Microsoft Dynamics GP AP workflow capabilities, when to use them, how to use them and alternatives for best results.

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IPS

JANUARY 12, 2022

Few finance functions are as labor- and time-intensive as processing supplier invoices.

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AvidXchange

FEBRUARY 15, 2021

Do you want to learn more about invoice processing software? When your company buys a product such as a new computer for your accounts payable (AP) department, you usually receive an invoice from that computer manufacturer requesting payment. What does invoice processing mean? What is invoice processing software?

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Accounting Department

MARCH 28, 2024

Streamlined Invoicing Invoicing is a crucial aspect of financial management, but it can be a tedious and time-consuming task. CAS simplifies the invoicing process by leveraging automated systems and specialized software.

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AvidXchange

DECEMBER 10, 2020

Unfortunately, we weren’t all that surprised to learn 52 percent of those surveyed have experienced invoice processing delays during the pandemic. That same percentage (52 percent) said the process of securing payment approvals while working remotely was the biggest reason for those delays.

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Fidesic blog

SEPTEMBER 12, 2023

A new AI powered invoice process solution for Microsoft D365 Business Central is a truly transformative piece of technology for accounts payable pros.

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IPS

MARCH 24, 2021

Processing supplier invoices has never been easy. But it is harder for many accounts payable departments now that their staff works remotely.

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Ascend Software blog

MAY 2, 2023

However, the traditional paper-based invoice processing method is prone to errors, delays, and high costs, making it inefficient and time-consuming. Accounts payable departments are an essential part of any organization, ensuring that suppliers and vendors are paid accurately and on time.

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Cevinio

NOVEMBER 7, 2023

On-demand product demo: Join us for an interactive and engaging product demo that will give you an in-depth look at how processing invoices with Cevinio AP Automation software works. Are you struggling with manual and time-consuming invoice processing workflows, which are often lengthy and tedious?

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IPS

APRIL 5, 2022

Manual processes are a big problem for accounts payable (AP) departments.

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IPS

JUNE 30, 2021

Think for a moment about all the time your AP staff spends keying and rekeying invoice data.

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Cevinio

JANUARY 3, 2024

Indeed, as of April 2020, EU Member States are obligated to incorporate the EU’s e-invoicing directive into domestic legislation. As such, the time to act is now if you’re an organization operating in the EU that hasn’t yet adopted e-invoicing.

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Cevinio

OCTOBER 31, 2023

Decrease Labor Costs: A considerable amount of work is required for data entry and invoice processing when manual invoice processes are used. E-invoicing automates these tasks, freeing up staff for other important activities. E-invoicing helps to ensure better compliance in a variety of ways.

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Ascend Software blog

APRIL 25, 2023

Struggling with time-consuming and inefficient accounts payable processes in your healthcare organization? Dive into this comprehensive blog post to learn how healthcare AP automation can help streamline invoice processing, reduce costs, and enhance patient care, offering valuable solutions to your AP challenges.

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Nanonets

MAY 4, 2023

Processing invoices accurately and efficiently is crucial to any organization's financial health. But invoices aren’t always perfect; due to issues in invoices, it causes delays in invoice processing and releasing payments. What is the issue with processing invoices with irrelevant pages?

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Nanonets

JULY 14, 2023

This post is mostly going to focus on invoice OCR and invoice information extraction using OCR and deep learning. We will also touch upon what is wrong with the current state of invoice recognition OCR and information extraction in invoice processing. Want to automate invoice processing ?

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Nanonets

FEBRUARY 21, 2024

The Evolution of Invoice Processing The journey of invoice processing from its traditional, manual roots to the digital frontier is a tale of technological evolution. Pre 1980s - Manual Accounts Payable: Accounts payable processes were entirely manual, involving physical invoices, paper checks, and ledger books.

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Nanonets

MARCH 13, 2024

Managing invoices efficiently is integral for businesses to maintain smooth cash flows and accurate financial records. Optical Character Recognition (OCR) technology has emerged as a crucial tool, enabling organizations to streamline invoice processing, enhance accuracy, and accelerate financial workflows.

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Nanonets

APRIL 18, 2024

Invoices are an essential part of this. Invoice creation and Invoice processing are critical steps in these processes. NetSuite's robust invoice management system offers a powerful solution to automate and streamline the invoicing process, boosting efficiency and improving your bottom line.

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AvidXchange

JANUARY 19, 2024

Systems that provide full-service invoice management, combining advanced technology and professional indexers, offer top-of-the-line efficiency and accuracy. Learn More About Measuring and Improving Invoice Processing Time 2. It’s a way to flag billing errors, avoid overpayment and prevent fraud.

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IPS

FEBRUARY 15, 2022

It’s tempting to think that deploying SAP Ariba will solve all your invoice processing problems. But it doesn’t take long to realize that you might need a bit more help.

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Nanonets

FEBRUARY 15, 2024

Traditional invoice processing methods often fall short in the ever-evolving landscape of business operations, where time is money and precision is paramount. Cumbersome, time-consuming, and prone to errors, manual invoice data capture has long been a bottleneck for businesses striving for efficiency.

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Nanonets

FEBRUARY 7, 2024

Small and medium-sized company users of Microsoft Business Central ERPs need to apply artificial intelligence for efficiencies, vendor invoice processing workflow automation, and decision-making related to accounts payable and business spending.     How Does Invoice Processing Work With Microsoft 365 Business Central?

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The Institute of Financial Operations

APRIL 1, 2022

Do a quick litmus test on your current Accounts Payable (AP) processes: How many FTEs in Accounts Payable? How many invoices do you process per annum? This provides you with the number of invoices processed per FTE per annum. More optimistic surveys even suggest 42,000 invoices per FTE, per annum (Hackett Group).

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Nanonets

JUNE 27, 2023

Managing accounts payable processes efficiently is crucial for any organization, impacting cash flow, vendor relationships, and overall financial performance. One significant aspect of accounts payable is the processing of invoices. How much does it cost to process an invoice? What does invoice processing include?

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Nanonets

DECEMBER 11, 2023

If an AP expert has to conduct three-way matching checks , route the invoice to the proper department for approval , initiate the payment process, and get another approval before sending funds, there are many potential stopping points in the process.    Top 10 Invoice Processing Solutions in 2024 1.

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Xero

AUGUST 17, 2022

Each one of these tasks can be time-consuming and labour-intensive — and even more so if your customers are among the 40% of companies in the US that still mail paper checks, further slowing down the invoicing process 1. That’s a serious challenge for small businesses because your time is precious.

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oAppsNet

MARCH 5, 2024

Read this post on AR processes, examining how organizations can harness technology to optimize invoicing, payment collection, credit management, and reconciliation processes for greater efficiency and effectiveness.

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Nanonets

JANUARY 23, 2024

Imagine invoice processing costs dropping from  $40  to  $1.42  each. Here are a few workflow ideas to help you get started: Invoice processing Processing invoices manually can consume much time and is susceptible to errors. It can then be moved on for further processing and payment.

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Nanonets

NOVEMBER 14, 2023

Businesses can now automatically generate invoices and send them to their customers for processing, and customers can automatically read these invoices and process the payment without any delays. What is e-invoicing? Electronic invoicing or E-invoicing is the generation of traditional invoices in a digital form.

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