Every month, an average midsized company may process over 1,000 invoices. That's 1,000 opportunities to pay on time and maintain strong vendor relationships, or 1,000 chances for something to go wrong ...

Chay_Tee // Shutterstock Invoice processing: How it works, benefits, and best practices Every month, an average midsized company may process over 1,000 invoices. That’s 1,000 opportunities to pay on ...

Better supplier relationships Poor invoice processing creates a domino effect that starts with late payment fees (typically 1.5% to 2% monthly on overdue amounts) and ends with damaged vendor ...