P2P presents you with two challenges:
- It’s a multistep process which is becoming more complex and involves a rampant number of actors (Buyers, Suppliers, Receivers of Goods)
- Across this complex process flows a vast body of data which is full of patterns and errors
These 2 challenges are the main reasons shared services processed more paper invoices than electronic in 2024.
I invite you to read this short infographic to begin to understand how Intelligent Document Processing (IDP) solves the “AP Invoice Problem.”
IDP uses OCR + Natural Language Processing (NLP) + Machine Language (ML) to extract, analyze, interpret and enrich invoice data.
If you’re struggling with processing AP invoi...
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