In a recent survey conducted for 170+ North American Accounts Payable teams, 23% of companies shared that non-PO invoice processing is one of their biggest pain areas. In this blog, we will learn the difference between PO and Non-PO invoices and understand the best practices to implement a successful invoice approval workflow process using the ServiceNow platform. To reduce average receipt-to-invoice cycle time, Accounts Payable teams use different digital tools such as ERP, A/P automation tools, and lately even ServiceNow to implement PO vs Non-PO invoice approval workflow. The vendor invoice can be divided primarily into PO invoices(having reference Purchase Order) and Non-PO Invoice(Vendor generated without any PO reference). To build successful supplier relationships, each enterprise ensures to make fast payments for vendor invoices received. A strong supply chain consisting of reliable sourcing partners accelerates the growth of successful enterprises.
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