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Invoice Process Automation

oboloo Glossary

Invoice Process Automation

Invoice Process Automation is a type of automation technology that helps streamline business invoicing processes. It uses software and workflow engine capabilities to digitize, organize, and manage invoice documents throughout their entire lifecycle. This includes generating and distributing invoices, reconciling accounts, verifying payments, and tracking accounts receivable. By automating these manual processes, businesses can speed up their invoicing procedures, improve accuracy and data quality, reduce costs, and increase customer satisfaction. Ultimately, Invoice Process Automation helps businesses keep track of their finances more efficiently.

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