Invoice processing carries certain challenges including usages of different formats like paper copy, fax, email, PDF, Word doc, etc. It’s a tedious task to generate invoices for half a million clients when you have various exception rules and different billing Calculations. It forces the financial department to extract data from
Sales staff spend a hefty amount of time
feeding data to the CRM and ERP systems.
On the other hand, the finance and
accounting department replicate this
data and enter it into other modules or
systems. Such practices are prone to
data duplication errors and reduce
Reconciliation is among the most
tedious tasks the accounting
department has to perform. The
employees have to manually verify
records and balances for accuracy
by comparing records from different
sources in different formats.
From commercial enterprise applications
to legacy custom-developed applications,
organizations tend to maintain several
data housing systems. These systems can
be located on-premise or on cloud. Hence,
these systems lack integration with each
other and employees need to spend a lot
of time managing data on these systems.
Due to local statutory and compliance
requirements, HR departments face
several challenges while standardizing
the payroll process. The repetitiveness
also causes data inaccuracy and
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