How Nimbello handles duplicates to maximize efficiency
In the realm of accounts payable, efficiency is key. One of the most time-consuming challenges faced by AP departments is handling duplicate invoices. Duplicates not only slow down the payment process but also create confusion and errors in financial records. To mitigate this issue, Nimbello's automation streamlines the process by intelligently archiving duplicates, effectively minimizing the quantity of invoices necessitating manual review.
This is accomplished through our "5-point Duplicate Check" system. The five points are as follows:
1. Vendor Number
2. Invoice Number
3. Total Amount
4. Invoice Date
5. PO Number (Excluded for Non-PO invoices)
By cross-referencing these five key elements, our system accurately identifies duplicates, allowing for swift and efficient archival, thus reducing the workload for manual inspection.
Nimbello also captures potential duplicates in what we call "EA Verification" status. To learn more about that read this article