Category
API-ready Process Automation
Don’t Risk It: The Urgent Need for Compliance in Invoice Processing
A single error. A missing audit trail. A fake vendor. These aren’t minor mistakes—they’re compliance landmines that can lead to penalties, fraud, and reputational damage. As audit scrutiny intensifies and e-invoicing mandates expand globally, your Accounts Payable (AP) process must evolve. In this blog, we explore how invoice automation plays a critical role in ensuring compliance with tax laws, audit standards, and regulatory frameworks across regions—from France’s PPF to UAE’s FTA, Malaysia’s LHDN, and more. Learn how to identify key compliance gaps, prevent fraud, and transform your AP workflow into a secure, audit-ready operation—with features like audit trails, document traceability, and business rule validations. Is your AP process really ready for an audit? Read on to find out what it takes—and how the Compleo Invoice Platform (CIP) can help you get there. Read more »
What to expect from Vendor Invoice Management Software
Vendor Invoice Management (VIM) software automates the invoice processing workflow, minimizing errors and reducing manual effort. It seamlessly integrates with existing ERP or accounting systems, ensuring smooth data flow. The software ensures compliance with local tax regulations, such as India’s GST or Malaysia’s IRBM. Utilizing AI, machine learning (ML), and OCR, it accurately captures both structured and unstructured data from invoices. With real-time tracking and reporting, VIM software provides enhanced visibility into the invoice process, improving overall efficiency, compliance, and management. Read more »
Digitizing partner ecosystem with API enabled EDI
Many enterprises need to trade with multiple vendors/partners to manufacture parts of their goods. In this context, an ecosystem is a unified platform or network of business partners, IT solutions, and resources. It consists of mutually connected systems and interconnected members, including suppliers, customers, vendors, and even government systems. Read more »