Sample Invoice Late Payment Interest, payments are processed on the last possible moment to help capitalize on pre-pay low cost opportunities and to maximize good cash flow-without missing deadlines that could result in penalties. However despite carefully laid strategies, typically there are hidden expenditures. The Institute of Supervision Administration (IOMA) reports: Browsing through the sea of diverse documentation-paper, faxes, email attachments, and also online forms- takes time. Several A/P departments are being requested to process more having fewer resources, yet these are receiving an increasing volume of files and diverse formats in the future. Invoicing is more taxing than ever before.
Sample Invoice Late Payment Interest To avoid penalties, vital details must be extracted quickly along with accurately, matched with assisting documents, and processed quickly. Duplicate invoices must be recognized and addressed; discrepancies should be resolved. Technology offers considerable improvements. Using and re-using captured data promptly, significantly, and repeatedly-wherever it has value-promotes invoicing speed and precision. Its efficacy depends on well-deployed browser-accessible electronic document management (EDM) and business process managing (BPM).