Understanding Touchless invoice processing?

Touchless invoice processing (also called straight-through processing) is when invoices are received, extracted, validated, approved, and posted to accounting...

🤖Invoice Automation
InvoiceParse Team
1 min read
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# What is touchless invoice processing? Touchless invoice processing (also called straight-through processing) is when invoices are received, extracted, validated, approved, and posted to accounting systems completely automatically without human intervention. Using AI, OCR, and business rules, the system: receives invoices from any channel (email, portal, EDI), extracts all data fields with high accuracy, performs 3-way matching against POs and receipts, routes for exception handling only when needed (discrepancies, over budget), auto-approves invoices that pass all validations, posts to ERP/accounting system, and schedules payment. Typically 60-80% of invoices can be processed touchless, with only exceptions requiring human review. This dramatically reduces processing costs and cycle time. ## Key Takeaways - Touchless invoice processing (also called straight-through processing) is when invoices are received, extracted, validated, approved, and posted to accounting systems completely automatically without human intervention. - Using AI, OCR, and business rules, the system: receives invoices from any channel (email, portal, EDI), extracts all data fields with high accuracy, performs 3-way matching against POs and receipts, routes for exception handling only when needed (discrepancies, over budget), auto-approves invoices that pass all validations, posts to ERP/accounting system, and schedules payment. - Typically 60-80% of invoices can be processed touchless, with only exceptions requiring human review. ## Related Topics - touchless invoice processing - straight-through processing - hands-free invoice processing - automated invoice workflow

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