![]() Using AI, every transaction is kept secure through duplication detection, fraud prevention, and payment tracking features. Key FeaturesĬompatible with currencies from more than 45 countries around the world, Flow supports international transactions for your growing business. With insightful dashboards and advanced reporting mechanisms, Nanonets Flow takes accounts payable automation up a notch. Since the platform offers end-to-end automated AP management, it allows your AP team to import, approve, and pay invoices all in one place. Invoices don’t have to be received in a uniform format instead, its invoice AI model is trained to pick up on all the key fields needed to process an invoice. ![]() Nanonets Flow automatically extracts key data fields from every invoice your business receives. Top 10 Invoice Processing Solutions in 2024 There are many invoice processing software options available today, but we’ve sifted through all the brands, identified the strongest on the market in 2024, and prepared a comprehensive guide, all in an effort to make your selection of invoice automation software a breeze. These solutions can conduct matching processes, route the invoice for approval, prepare necessary payment information, and more, giving a major chunk of time back to the entire AP team each week. With AP automation software, and more specifically, invoice processing software, the time it takes to process an invoice and send a payment gets drastically reduced. If an AP expert has to conduct three-way matching checks, route the invoice to the proper department for approval, initiate the payment process, and get another approval before sending funds, there are many potential stopping points in the process. When done manually, processing an invoice can take days. Your accounts payable team – whose main function is to ensure funds are disbursed properly to vendors, business partners, and sometimes customers – processes an exorbitant number of invoices every single week.
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