How does Intelligent Document Recognition (IDR) help automate the Supplier Invoice to Payment (SP) process?
IDR scans and extracts relevant invoice data, such as amounts, supplier names, and invoice dates, reducing the need for manual data entry
IDR integrates supplier invoices directly into the accounting system without the need for further validation or processing
IDR helps optimize cash flow by automatically categorizing invoices into high-priority or low-priority payments
Comprehensive and Detailed Explanation:
IDR automates the process by:
Scanning and extracting relevant invoice data, reducing manual data entry (A):Extracts key fields (e.g., amounts, dates) for automated processing.
Direct integration without validation (B):Incorrect, as validation is still required.
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