What is Invoice Resolution?

Definition

Invoice Resolution refers to the process of identifying, investigating, and correcting issues or discrepancies in invoices to ensure accurate and timely payment. It addresses exceptions, disputes, or errors that arise during invoice processing, maintaining efficiency and compliance in financial operations.

How Invoice Resolution Works

Invoice resolution leverages technologies such as Invoice Processing Automation and Touchless Invoice Processing to detect and resolve discrepancies quickly. Using an Invoice Data Extraction Model and AI-Based Dispute Resolution, organizations can automatically identify exceptions and direct them through structured workflows. In intercompany settings, Intercompany Dispute Resolution and Intercompany Resolution Workflow help streamline cross-entity invoice corrections and maintain financial accuracy.

• Automated detection and correction of invoice errors

• Integration with Predictive Exception Resolution systems for proactive handling

• Monitoring and improving Intercompany Resolution Rate

• Reducing delays in Invoice Turnaround Time (AR) and Order-to-Invoice Cycle Time

• Optimizing costs relative to Invoice Processing Cost Benchmark and improving Invoice-to-Cash Cycle Time

Benefits of Invoice Resolution

Effective invoice resolution improves accuracy, reduces manual intervention, and accelerates payment cycles. By leveraging AI and automated workflows, organizations can enhance operational efficiency, strengthen compliance, and maintain positive vendor and intercompany relationships.

Summary

Invoice Resolution is the systematic process of addressing and correcting invoice discrepancies to ensure accurate and timely payment. Automation, AI-driven exception handling, and intercompany workflows enhance efficiency, reduce costs, and improve financial operations.