Automation
Automating Invoice Reconciliation
7 min read
Automating Invoice Reconciliation
Manual invoice reconciliation is a time-consuming, error-prone process that plagues finance teams everywhere. By automating this workflow, you can save countless hours and significantly reduce human error.
The Cost of Manual Entry
Did you know that the average cost of processing a single invoice manually can range from 2 to 0? When you multiply that by thousands of invoices, the cost becomes staggering.
How Automation Helps
Automated reconciliation tools match payments to invoices instantly. They can:
- Parse Emails and PDFs: Extract data automatically.
- Match Transactions: Link bank feeds to invoices.
- Flag Discrepancies: Alert you only when something doesn't match.
Start automating today to free up your team for more strategic work.