The document discusses the importance of outsourcing invoice processing. It outlines challenges of managing invoices internally such as the large amount of time, workforce and costs required as well as risks of lost or inaccurate documents. Outsourcing invoice processing provides benefits like increased efficiency by focusing on core business tasks rather than data entry, saving costs of invoice processing software, freeing up time spent hiring and training internal processors, and gaining access to skilled experts who ensure high accuracy. The conclusion recommends choosing an outsourcing provider with expertise in streamlining the invoicing process to gain these benefits.

1. IMPORTANCE OF
OUTSOURCING
INVOICE PROCESSING

2. OVERVIEW
A QUICK
Introduction
Challenges in Invoice
Processing
Benefits of Outsourcing
Invoice Processing
Solution

3. INTRODUCTION
Invoices are an inherent part of any
business. They have a crucial part to play
with regards to your company’s future
since inaccurate invoice processing can
impact your business negatively.

4. CHALLENGES IN
INVOICE
PROCESSING

5. Managing hundreds of
invoices requires more work
force and time
Paper invoices get lost very
easily that leads to difficulty
in monitoring data
CHALLENGES IN INVOICE
PROCESSING
The average processing cost
of invoices is expensive

6. Invoices from multiple sources
increase the chances of error
CHALLENGES IN INVOICE
PROCESSING
Automation sometimes leads
to inaccurate data fetching
from scanned invoices

7. BENEFITS OF
OUTSOURCING
INVOICE PROCESSING

8. Increase efficiency by focusing on
core AP aspects rather than
invoice data entry.
01

9. Save your money on
investing in invoice
processing software.
02

10. Free your time from hiring or training the
in-house invoice processors.
03

11. Get access to skilled expertise that ensures
a high accuracy level in invoices
processing.
04

12. You can gain the benefit of quick invoice
processing based on your requirements.
05

13. Solution: Choose an Ideal Outsource
Invoice Processing Service Provider
Outsourcing service providers are experts in streamlining
the entire invoicing process, ensuring high quality and
accuracy, at all times.

14. PARTNER WITH COGNEESOL AND GAIN BENEFITS
Our experts process the bulk of invoices within
the agreed time frame ensuring quality &
accuracy.
S K I L L E D W O R K F O R C E
We analyze the business workflow and help
to improve the efficiency of the business.
I M P R O V E E F F I C I E N C Y
We follow a strict protocol to keep all the
documents secure and confidential.
C O N F I D E N T I A L I T Y
A C C U R A T E R E P O R T S
We provide detailed reports and status of
invoices that are processed.

15. WHAT INVOICING PROCESS WE FOLLOW?
Obtain your invoice from a secure
and safe FTP hosting server.
#1
Organize all the require documents
appropriately.#2
Classify the essential information in a
defined format.#3
Enter the data from the invoices into
your accounting software.
#4

16. CONTACT COGNEESOL
30 Wall Street, 8th Floor
New York, NY 10005-2205
info@cogneesol.com
+1 646 688 2821