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Invoice automation software can automate this process, and, in addition, some software allows you to create custom validation rules and workflows that can be used to ensure that all three documents match before the invoice is processed. Automated approvalworkflows. Spendmanagement: The next stage of invoice automation.
Some examples of these policies might include: Finance has clear expense policies in place, including what documentation is required and who needs to approve new purchases. Employees are expected to know what the cross-departmental requirements are, how to fulfill them, and finally how to document that they’ve been fulfilled.
The rapidly evolving spendmanagement market is once again experiencing a breakout moment. As the category leader and pioneer, Airbase is the first and only spendmanagementplatform to now offer Guided Procurement — intake functionality for all purchasing. Employees demand an integrated buying experience.
OCR technology - The ability to scan, forward through email, take a picture of a document and the service will use Optical Character Recognition technology to scan the document and recognize text Pay and schedule payments - Each service will allow you to be able to send a payment electronically through a variety of funding sources.
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