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Consider this: Levvel Research found that 50% of businesses grapple with late payments and missed discounts due to protracted approval cycles. These figures underline the need for a more efficient, streamlined way to handle invoices , purchase orders , and payments. Get started for free.
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It typically offers features like receipt scanning, expense categorization, policy enforcement, approval workflows, and integration with accounting systems. It provides a user-friendly interface, customizable OCR models, and seamless integration options, making it a versatile solution for expense management. Transparent pricing policy.
This could also lead to late payments or in some cases potential vendor fraud. Vendor Relationships: Timely and accurate payment processes strengthen relationships with suppliers, leading to potential discounts, favorable payment terms, and a reliable supply chain.
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