Revolutionizing Financial Processes: The Benefits of Invoice Management Automation
Client and Requirement:
- Client: Established Physician Group in the US.
- Requirement: Management and maintenance of Accounts Receivables (AR) processes.
Key Challenges:
- The invoice submission and tracking process was manual.
- There was a lack of visibility into invoice statuses.
- Delays in payment receipt and short payments occurred due to errors and delays in receiving invoices.
- Vendor invoices were received and acknowledged at least a week late.
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