What is Invoice Processing?

Invoice processing refers to the entire process for handling a supplier invoice, from its receipt to when it has been posted in the ERP system and is ready for payment.

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When processing invoices, an invoice can be received in different formats – paper, PDF or e-invoice – and the invoice data must be scanned or manually entered in the recipient’s ERP system. The invoice amounts are then coded to the correct account, project, and/or cost center and the invoice is distributed to the responsible buyer or budget owner for review and approval. With an AP invoice automation solution, this entire process can be digitized and automated for quicker and more efficient processing.

Further reading: A buyer’s guide to AP invoice automation solutions 
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Quicker invoice processing with MediusFlow

Companies using the MediusFlow AP invoice automation solution process an average of 67% of their invoices in a fully automated – touchless – workflow. Do you want to increase your automation rate and shorten your lead times?