Published at Thursday, March 14th, 2019 - 17:34:04 PM. Invoice. By Chanell Brunet.
Invoices can sometimes be an Accounts Payable (AP) clerk’s worst nightmare, especially if it takes hours and hours to manually process a single paper based invoice. Numerous things could go wrong with processing invoices manually; which can become very costly for business. Below we have listed five of the top invoice problems.
Many AP departments receive thousands and thousands of paper invoices per year, which will need to be manually keyed into a finance system. This process is very slow, inefficient and costly. It is very easy to lose or misplace important paper documents when handling them manually, but with an automated invoice processing solution all documents can be stored electronically. The AP team will be able to retrieve invoices instantly, meaning no more time will be wasted searching for invoices in filing cabinets or folders.
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