While many business processes have become automated, accounts payable processes remain largely paper-based and cumbersome. At the same time, streamlining these processes offers great opportunities for companies to realize a wide range of benefits, from reduced payment cycles and better cash flow to enhanced auditability and reporting.
Implementing an automated invoice processing solution requires overcoming both cultural and technical challenges. This paper focuses on the latter, which involve accommodating a highly diverse universe of formats and languages that complicate data extraction and interpretation. In addition, enterprises face the challenge of integrating the automation technologies involved with already-existing ERP systems to ensure end-to-end effectiveness.
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