About Vendor invoice processing & management

Vendor Invoice Processing & Management involves the systematic handling of supplier invoices — from receipt and verification to approval and payment. This process ensures accuracy, compliance, and timely payments to vendors while maintaining complete visibility over financial transactions. It includes activities such as invoice data capture, three-way matching (invoice, purchase order, and goods receipt), approval workflows, dispute resolution, and integration with accounting systems. Automated invoice management helps reduce manual errors, accelerate payment cycles, improve vendor relationships, and strengthen overall financial control.