- Most organizations use fragmented, spreadsheet-based invoice processes, leading to inefficiency, missed deadlines, and compliance issues.
- Invoice Lifecycle Management (ILM) is a unified, AI-powered platform that manages all invoice stages in one system, improving accuracy, compliance, and efficiency.
- ILM reduces operating costs by 68%, speeds up fraud detection by 92%, and improves compliance by 73%.
- Fragmented processes cause data silos, inconsistent workflows, and manual workarounds, making transformation difficult.
- ILM eliminates these issues by providing end-to-end visibility and automation, enabling finance teams to work strategically.
Source: blog.basware.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
