Brex reports that efficient invoice processing is crucial for financial health, offering automation to enhance accuracy, save costs, and improve vendor relations.

Often it can take up to 20 days to process, which points to opportunities for improvement. And too often, Preston said, ERP systems are not integrated with invoice-processing software.

Whether it's matching prices or tracking approvals, automated invoice processing is the key to a more efficient, error-free AP process. How Does Traditional Invoice Processing Work?

What is invoice reconciliation? Invoice reconciliation is the process of comparing invoices with their corresponding supporting documents to verify accuracy and completeness.