The processing of invoices is an essential part of any business, whether it’s big or small. The smoother, more efficient a company’s invoice process is, the quicker a business can make a profit, pay employees and pay bills. Processing one’s invoices manually takes significantly longer and increases the risk for things to get lost as well as inaccurate or incomplete business transaction records.
Automated invoice processes make things happen much faster with reduced risk of something going wrong that can further delay the process. Automated invoice processes utilize email to communicate with affected parties. As email can be accessed remotely, key decision makers can read and sign off on invoices anytime, anywhere. While it can take a week or more to get through a business’ invoice processing steps, automated invoice processes can go through all the steps in a single day.