Managing vendor invoices is a crucial yet time-consuming task for companies. Invoices come in various formats, typically paper or PDF, requiring a dedicated team to manually enter them into a financial system, route them to the relevant managers for approval, and handle revisions if needed. This repetitive, manual process can be inefficient, especially when adjustments are required, resulting in unnecessary delays. With the help of AI, this process can be automated and streamlined. The key stages of automation include invoice delivery, automated OCR (Optical Character Recognition), AI-assisted coding, and an approval workflow system. Let’s explore each of these steps in…
