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Errors at the start of the invoice processing workflow can snowball into serious outcomes such as over-payment, incorrect payments, invoice duplication, etc. A 2020 survey by Levvel Research showed that manual data entry and inefficiency continue to be the pain points in the accounts payable process.
Understanding Invoices: Definition and Purpose An invoice is a document that provides a detailed summary of a sale, including the amount owed by the customer, the goods or services provided, and the payment due date. It serves as a request for payment and is an integral part of any business transaction.
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