By automating invoice processing, end-to-end processes are being automated to a large extent in a digital, efficient and sustainable way. This reduces administrative effort, eases the workload of employees, and makes invoice processing faster and more reliable.
The implementation is intended to deliver the following benefits for invoice issuers and invoice recipients:
Benefits for invoice issuers
- Shorter throughput times due to automated processing by the invoice recipient
- Faster invoice processing and faster receipt of payments
- Greater planning certainty in cash flow management
Benefits for invoice recipients
- Reduction of manual processing steps
- Higher process quality and lower susceptibility to errors through automatic invoice validation
- Faster approval processes and shorter throughput times
- More efficient use of resources through streamlined processes
- Greater potential to make use of cash discount periods through accelerated invoice processing
