Invoicing is the process of requesting payments from a buyer for goods or services provided. An invoice provides a record of a business transaction and a buyer uses accounts payable invoice processing to reconcile the invoice and settle the payment.
Invoicing is the process of requesting payments from a buyer for goods or services provided. An invoice provides a record of a business transaction and a buyer uses accounts payable invoice processing to reconcile the invoice and settle the payment.
The key steps for accounts receivable invoice processing include generating and tracking invoices.
The key steps to accounts payable invoice processing include collecting, recording, approving, and paying invoices. Here’s how to process invoices:
The entire process can be streamlined if companies automate invoice processing.
Automated invoice processing software works by streamlining invoice generation, payment, and collection. Automated workflows and quickly-validated data offer faster ways to automate invoice processing. The investment pays for itself by enabling easy payment and collection (which increases working capital), reducing errors from manual processing, and saving time.
Talk to our specialists to learn how Apruve can reduce fixed credit & A/R costs and team effort by over 50%.
