The next phase of Procure-to-Pay – invoice processing – is the centerpiece of account payable. The AP department may wish to verify the documents and make payments faster, but there arises a combination of errors.
The ﬁrst complication is manual data entry. Typically, the received vendor invoices are manually entered in banks’ ERP. Human-made typos have proven to be big troublemakers: what if the personnel mistype the quantity as 77 whereas the actual ordered quantity is 17? Seemingly simple mistakes like these will lead to incorrect payments, of course.