Invoice Management

Invoice management refers to the process of handling invoices, which are documents that request payment for goods or services. This management involves tracking invoices from receipt to payment, ensuring they are accurate, approved, and paid on time. Effective invoice management helps businesses maintain cash flow, reduce errors, and streamline financial operations. It often includes organizing invoices, verifying details, sending payments, and recording transactions in accounting systems. By managing invoices effectively, businesses can enhance financial efficiency and avoid late fees or disputes with suppliers.