Invoice processing is a critical component of the procure-to-pay process in businesses, involving the receipt, management, and payment of vendor invoices. Traditionally a manual and error-prone task, it involves steps such as receiving invoices, capturing and cross-referencing data, obtaining approvals, and recording payments. Challenges in this process include document loss, data inaccuracies, and routing mistakes, which can lead to delays and strained vendor relationships. Advancements in AI have enabled automation of this workflow, significantly increasing efficiency and accuracy while reducing costs by up to 80%. Automated systems streamline the process by managing invoice reception, cross-referencing with purchase orders, routing for approvals, and integrating with accounting systems, leading to benefits like reduced erroneous payment rates, lower processing costs, balanced days payable, and increased invoice straight-through processing. Despite these advantages, a 2021 report by Levvel Research indicated that many organizations have not yet adopted dedicated AP automation software, highlighting the potential for widespread improvement in invoice processing practices.