AI Duplicate Error Resolution 
Nanonets
OCTOBER 1, 2024
The aim is to ensure accuracy and prevent errors or fraud before payment processing. Graph comparing invoice error resolution time between top and bottom performers| Source Invoice validation is a complex process that can be hindered by various challenges. These include: 1. Manual receiving of invoices Nearly 49.7%
Nanonets
MARCH 30, 2023
Greater levels of accuracy Automating payment processing enhances accuracy by validating invoice data against ERP or accounting systems, eliminating manual processes and paper handoffs that cause errors, and flagging duplicate invoices. Some technology providers guarantee accuracy.
Nanonets
JUNE 18, 2024
Difficulty in error resolution: Without a properly documented and structured reconciliation process in place, it can be very difficult to resolve errors effectively. This would mean greater resource requirements and an increase in the probability of human manual errors.
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