Invoice processing

Invoice Processing: involves the handling of incoming invoices from arrival to payment. Invoices have many variations and types. In general, invoices are grouped into two types: 1. Invoices associated with a company's internal request or purchase order and 2. Invoices that do not have an associated request

Source: en.wikipedia.org

OCR’s Key Role in Scaling Paperless Invoicing and AP/AR Automation
OCR’s Key Role in Scaling Paperless Invoicing and AP/AR Automation
September 13, 2024  |  B2B Payments

Digital transformation isn’t as easy, or simple, as turning a switch that’s “off,” “on.” Rather, it’s a series of interlinked and ideally compounding process modernizations....

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Digits Launches AI Bill Pay for Small Businesses
Digits Launches AI Bill Pay for Small Businesses
April 30, 2024  |  B2B Payments

Accounting software firm Digits has launched AI Bill Pay, an artificial intelligence (AI) accounting platform.  Calling it the world’s first bill pay product to fully understand invoice document...

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SourceDay and Medius Team on Procure-to-Pay Enhancements
SourceDay and Medius Team on Procure-to-Pay Enhancements
April 30, 2024  |  Accounts Payable

Supply chain collaboration platform SourceDay and accounts payable platform Medius are collaborating to enhance procure-to-pay operations for businesses. Through the partnership, firms can get access to autonomous, touchless invoice...

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HighRadius Launches GenAI-Powered Tools for Invoice Processing, Supplier Communications
HighRadius Launches GenAI-Powered Tools for Invoice Processing, Supplier Communications
March 07, 2024  |  Accounts Payable

HighRadius has launched a generative artificial intelligence (GenAI)-powered solution designed to automate the payer-supplier payment process. The new Accounts Payable Automation solution automates invoice processing...

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Unimarket Adds Invoice Automation and Processing Capabilities
Unimarket Adds Invoice Automation and Processing Capabilities
February 07, 2024  |  B2B Payments

Unimarket has launched the “Virtual Mailroom,” a product that automates and simplifies the processing of invoices, whether they are electronic, PDF or paper. The Virtual Mailroom...

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AvidXchange and AppFolio Team on AP Automation for Property Management
AvidXchange and AppFolio Team on AP Automation for Property Management
November 08, 2023  |  B2B Payments

AvidXchange announced Wednesday (Nov. 8) an integration partnership with AppFolio, a real estate-focused solutions provider. The partnership between AvidXchange and AppFolio aims to enhance accounts payable automation benefits for AppFolio’s 19,000...

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Routable Debuts Optical Character Recognition for Invoice Processing
Routable Debuts Optical Character Recognition for Invoice Processing
September 28, 2022  |  Accounts Payable

Business payments platform Routable has expanded its capabilities, adding new features for automated invoice data entry, a press release said. The company has added Optical...

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Automated Invoicing Breaks Ground in the Construction Industry
Automated Invoicing Breaks Ground in the Construction Industry
May 13, 2022  |  Accounts Payable

While many businesses have fully digitized their consumer-facing operations, they still have a lot of work to do in transforming their business-to-business (B2B) processes. A...

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Accounts Payable’s Unstructured Data Problem
Accounts Payable’s Unstructured Data Problem
June 29, 2020  |  B2B Payments

As organizations make further steps into their digital transformation journeys, back offices can quickly become a muddled picture of paper, spreadsheets and digital documents in...

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