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The use of accounts payable software results in a 73% faster processing time. According to Goldman Sachs , the use of accounts payable automation software also results in 33% reduction in processingcosts. Accurate data capture A company may invoice invoices in various formats - paper, pdf, xml , etc.
Managing multiple invoice formats: Large organizations handle purchase orders and invoices from various sources in diverse formats such as word documents, spreadsheets, XML documents for EDI, PDFs, images, and paper documents. Manual invoice processingcosts are known to reach as high as $15-50/invoice.
The validation workflow enables you to detect and flag duplicate documents to prevent issues like double billing. You can also create multi-stage review processes for critical documents, assigning different team members as needed. For patients like Sarah, healthcare data extraction reduces repetitive paperwork and lengthy wait times.
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