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What percentage of invoices will require no exception handling?
This is dependent on a number of factors, the complexity of the invoices, quality of the scans or electronic files, has the system fingerprinted invoices from that supplier before etc. Independent research companies conclude that 40% is a reasonable achievement as systems mature. This represents a significant reduction in manual processing.
By simply applying sound processes surrounding your AP Automation system – these levels of Straight Through Processing (STP) also known as Auto-matching can be significantly improved.