Technology Intervention in End-To-End Invoice Processing
Invoice processing has always been a significant burden on companies. Not only from the perspective of manual labor, but also to actively avoid and ensure any payment leakages. Over the years, various technologies have been introduced to reduce the manual labor but primarily targeted towards large volume processing. This article explores a modular approach in invoice processing which can lead to significant improvements in efficiency, accuracy and cost savings and be employed by companies irrespective of their size and outsourcing needs.