It can take a few days for many organizations to process just a single invoice fully. Manual tasks, including data extraction, validation against purchase orders, and adherence to several compliance rules, regularly contribute to this timeline. Delayed payments, incorrect payment amounts, lost invoices, and unsettled relations with suppliers are the most common outcomes of these manual tasks.
Dealing with electronic and paper invoices that look different and contain different data makes automating this task challenging. Intelligent automation combines the power of RPA and Machine Learning to overcome these challenges and makes it possible to process both structured and semi-structured invoices automatically.
Here is the demo of how automated invoice processing powered by the Nividous Hyperautomation Platform can help you manage your invoices more efficiently and accurately.