Published at Friday, March 22nd, 2019 - 03:04:16 AM. Invoice. By Suzette Dumont.
Cash flow shortages can happen to almost any business, but invoice factoring can provide a quick, easy solution. Invoice factoring involves the selling of your account receivables or invoices to secure immediate working capital.
Invoices that arrive in AP without a PO number can be very problematic, which can take the team a lot of man-hours to manually process them. AP may receive non-PO invoices when a supplier has provided products or services to the buyer without receiving a purchase order. Many different challenges can arise when processing non-PO invoices, which may include difficulty identifying the purchaser and original authorize – making the approval process lengthy and a higher risk for errors.
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