If your accounts payables department is overrun with invoice exceptions, you are not alone.
Resolving exceptions is the top pain point for 41 percent of payables departments1. The cost of these exceptions is staggering.
Exceptions occur for a range of reasons, including:
- Wrong price
- Wrong quantity
- Missing tax amount
- Missing tax identification number
- No requester name
- No contact data
- No contract and/or purchase order
- Missing purchase order number