Nanonets

SEPTEMBER 21, 2023

Understanding Invoices: Definition and Purpose An invoice is a document that provides a detailed summary of a sale, including the amount owed by the customer, the goods or services provided, and the payment due date. It serves as a request for payment and is an integral part of any business transaction.

Audit 40

Audit Legal Accounts Transactions 40

Nanonets

APRIL 16, 2023

Errors at the start of the invoice processing workflow can snowball into serious outcomes such as over-payment, incorrect payments, invoice duplication, etc. An invoice is created, matched against POs and delivery receipts based on pre-set rules, and checked to ensure there are no duplicate invoices.

Automation 52

Automation AI Duplicate Accounts 52

Nanonets

MAY 10, 2023

By 3 way matching supporting documents, companies can detect duplicate, erroneous, or fraudulent payments to vendors. a 3 way match All invoice payments involve some sort of verification or control. 3 way matching helps approve invoice payments faster and also flag any inconsistencies, errors or potential fraud.

Accounts 52

Accounts Automation Duplicate Process 52