1.) Incorrect data entry (totals, line items, invoice #'s)
2.) Not Itemizing
3.) Sending invoice to the incorrect person/department
4.) Duplicated invoices
5.) Not applying outstanding credits
6.) Improper applications of tax rules
7.) Saving of corporate financial data to personal devices
8.) Failing to follow documented rules and procedures
Let's Chat On Eliminating Costly Errors!
Invoice recognition software elimiates errors in manual data entry.
NetChain Squared automatically itemizes your invoice.
Set your invoice destination once and never worry about incorrect recipients.
Our intuitive technology knows when an invoice has already been sent or paid providing safeguards.
Set preferences to ensure our platform applies appropriate credits.
NC2 will automatically apply any pre-determined tax rules and regulations.
With no need for manual intervention, individual instances of saving data are eliminated.
Adherance to rules and procedures are guaranteed with automated creation and processing.
I have a close friend who is in charge of manual invoicing for a large organization. Recently, he made a manual mistake by inputting a much lower total on an invoice he sent out to a client.
We all know mistakes happen...but the consequences can vary greatly depending on who on on the receiving end of the mistake.
It wasn't until the invoice was already paid by the client that he realzied his mistake and had to reach out to collect a remaining balance.
The client was not so understanding and was frustrated that they had to pay more on top of an already large invoice amount.
Not only was my friend's intracompany reputation tarnished, but his reputation within the business relationship as well. The client ended up severing the relationship, and his organization lost a major piece of business.
This could have all been prevented by automation...