Your business works on controls—requiring department-level approvals, matching invoices to purchase orders, and granting the CFO or higher-level management the sole responsibility for signing checks; all this to safeguard invoices against fraud and deceits.
While intentions are good, these controls are challenging to organize and maintain, especially when the number of invoices multiplies, and constituents are physically separated.
Because of the increasing complexity of Invoice operations, organizations must remain vigilant to protect their financial well-being from risks of errors, and compliance issues.
Today, we look at the untapped potential of Invoice Automation and how it affects your financial stability.
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