The ultimate guide Karbon Invoice Management

Modified on Fri, 24 Feb 2023 at 02:25 PM

Invoice Management forms one of the most important responsibilities of a finance team. According to a survey by Billentis, 

the total number of invoices exchanged worldwide exceeded 500 billion in 2019. The survey also projected that about 70 

invoices are exchanged per person annually throughout the world. But, 40% of accounts payable departments report high 

invoice processing costs and substantial errors as their biggest challenges. 

Invoice management is vital for several reasons:

Cluttered invoices will surely overshadow your reputation on the market. However, you need not worry when Karbon Invoice

 encompasses managing and processing invoices from vendors/suppliers. 

Automated invoice management eliminates traditional and time-consuming tasks. Karbon streamlines your purchase process, 

enhances the transparency of the invoice route, saves time, increases employee productivity, and improves vendor relationships. 

All that you need to do is:

Upload the invoice on the Karbon Invoice platform and the system fetches the invoice data by default and can reduce

human errors. It is also a time saver!

How to upload invoices when on the field or traveling? Don't worry, you have a Quick Upload option. Through this,

you can upload the invoice via your registered email address. Through the quick upload feature, the invoice reflects

on the dashboard and one can make payments on the due date without having to redo the upload.

The Karbon dashboard provides a clear status of each invoice. It ought to be simple to keep track of invoices, make

timely payments, and uphold transparent agreements with vendors. The dashboard alerts you to pending, cleared,

and canceled payment history. This could help in the audit and compliance process.

Get access to informative reports with statuses of all invoices uploaded onto the portal.
Karbon invoice management is Eco-friendly and can avoid paper clutter.

Conclusion:

Every business firm deserves a systematic workflow that eliminates errors and saves time for employees. Platforms like 

Karbon Invoice management empowers a company to focus on its growth!

What are you waiting for? Click here to adopt Karbon Invoice Management right now!