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Invoice Process Automation
How challenging is your Enterprise Invoice Processing and Payments capability?
To this day, Invoice Payment Processing has always been challenged and suffered from
Large volumes of incoming documents and not knowing what they relate too
Confusion about the source and/or the invoice and related document content
Missing data or no contract or completion certification or purchasing references
Duplicate documents and recurring mistakes
Misplaced or unknown authorisations and approvals between functional silos
Mismatches in pricing and terms
Late payment penalties and fees coupled with meeting contractual obligations
Increased processing costs associated with the dynamics of business
Payment systems that need processing one item at a time
Archaic and complex RPA initiatives that add extra burden to error recycles
Too much manual intervention and very little to no real-time status reporting capability
Too difficult to maintain compliance e.g. Peppol, which is mandatory in Australia for Federal Government Departments as of 1 July 2022
All of the above was dramatically changed when we at Diriger built our Invoice Processing Automation capability with our Business rules and Work Flow Engines - you can now do more with less and improve your financial controls at the same time.
Contact Us to learn more about Diriger’s Peppol enabled AI and ML based Invoice Processing for large volume situations; and read more about DirigerIPA
