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Automated invoice processing: A guide to simplifying AP
AI streamlines invoicing by automating data capture, matching invoices to POs, and flagging errors in real-time. For example, automation tools like Optical Character Recognition reduce manual ...
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How to Charge Interest and Late Fees on Unpaid Invoices
The interest rate is a percentage of the unpaid balance that accumulates every month the invoice remains unpaid. The interest rate usually is displayed as an annual rate, for example, 10 percent.