Articles and updates on receipt and invoice extraction, data processing and automation.
Invoice exception handling explained: what causes invoice exceptions, the common types, a healthy exception rate, and how to resolve and reduce them in AP.
Read articleAccounts payable turnover ratio explained: the formula, a worked example, what counts as a good ratio, high vs low, and how it ties to days payable outstanding.
Read articleTrack the accounts payable KPIs that matter: cost per invoice, processing time, touchless rate, DPO, error rate, and invoices per FTE, with benchmarks.
Read articleThe average cost to process an invoice runs $10 to $22 manually and under $3 automated. Here is how to calculate your AP cost per invoice and cut it.
Read articleThe accounts payable process explained step by step: the full AP cycle, who owns each step, journal entries, AP vs AR, and how to automate it.
Read articleInvoice reconciliation matches each vendor invoice against your purchase orders, receipts, and payments. Learn the steps and how to automate it.
Read articleRemittance advice is a note a buyer sends to confirm which invoices a payment covers, what it includes, how to send it, and how it differs from an invoice.
Read articleHow long to keep invoices for a US business: the IRS rules, why three to seven years, vendor vs customer invoices, and how to store them digitally for audits.
Read articleA proforma invoice is a preliminary estimate sent before a sale is final, not a bill. Here is how it differs from a standard invoice and a purchase order.
Read articleInvoice fraud prevention guide: the common types of invoice fraud, the red flags of a fake invoice, how to detect and prevent it, and who is liable.
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