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Does it feel like your accounts payable (AP) team is swamped by paper invoices? Manual invoice processing is a time-consuming and error-prone chore that slows down your team and hinders efficiency. But there's a better way!

Invoice processing automation is the answer. It's the use of software to streamline the entire invoice lifecycle, from receipt to approval and payment. Imagine this: suppliers electronically submit invoices directly into your system. The software automatically captures key data like invoice number, vendor name, amount due, and due date. It then matches the invoice data against your purchase orders and receiving reports to ensure accuracy. If everything aligns, the invoice is automatically routed for approval based on pre-defined workflows.

2AutomateAnything's invoice processing automation solution can help you achieve exactly that, and more. Our software leverages cutting-edge technologies like:

• Optical Character Recognition (OCR): Extracts data from scanned invoices with exceptional accuracy.
• Machine Learning (ML): Learns from your data to continuously improve invoice capture and matching.
• Exception Handling: Flags invoices with discrepancies for manual review, ensuring nothing gets overlooked.

The advantages of automating invoice processing are numerous. Here are just a few:

• Reduced Costs: Eliminate manual data entry errors and streamline workflows, saving time and money.
• Improved Accuracy: Automated data capture minimizes errors and ensures consistency.
• Faster Processing Times: Invoices are processed and approved quicker, leading to better supplier relationships and early payment discounts.
• Enhanced Visibility: Gain real-time insights into your AP process with detailed reports and dashboards.

Let's look at a real-world example. We recently partnered with a manufacturing company that was manually processing hundreds of invoices per week. Our solution automated data capture, matching, and approval workflows, resulting in a 70% reduction in invoice processing time, 95% improvement in invoice accuracy, and 20% increase in early payment discounts captured.

Are you ready to automate your invoice processing? If you're tired of the inefficiencies of manual invoice processing, 2AutomateAnything can help. Contact us today to schedule a demo and see how our invoice processing automation solution can transform your AP department.

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