The Finofo blog

Everyone’s talking about touchless processing. But what does 80% straight-through actually mean in real life? It’s more than just OCR and workflows, it’s the point where invoices move from capture to payment without a single human click. Let’s break down what it takes to get there.

Automation is no longer just a cost-saver; it's a strategy enabler. But for CFOs and Controllers, the real question is: How do we measure success? In this post, we cover the essential metrics that prove AP and finance automation is working.

Invoice approval delays are more than an operational annoyance, they cost cash, create friction with vendors, and slow AP teams down. In this article, we explore what causes these delays and how finance teams can fix them using automation and workflow design.

Invoice capture is where automation starts. For most companies, digitizing this step means faster processing, fewer errors, and better working capital control. Here’s how to do it right - from central intake to exception handling.

Purchase orders are the contract between procurement and finance. But when they’re incomplete, missing approvals, vague line items, or no delivery address they create delays, disputes, and manual work. For finance leaders, this isn’t a documentation issue. It’s a control issue. Let’s break down what makes a PO truly complete and why it matters for modern AP operations.

3‑way PO matching is essential for control, but it’s still slow and error‑prone for most AP teams. AI is changing that. By automating data capture, resolving mismatches, and escalating exceptions instantly, AI closes the loop between PO, invoice and receipt turning a 3‑way match from a bottleneck into a competitive advantage.

For mid-market companies, vendor contracts aren't just procurement documents. They're risk tools, compliance anchors, and accountability levers. This blog explains how AP teams can integrate contract data into payment workflows to reduce fraud, avoid overpayments, and tighten controls.

3-way PO matching verifies invoices, POs, and receipts to prevent overpayments and fraud. Learn how it works, why it matters, and how automation makes this core AP control faster and scalable.

Invoices pour in from multiple suppliers, plants, and currencies. Matching them to POs and receipts is slow and error-prone. Here’s how AP automation solves manufacturing’s toughest invoice, approval, and cash flow challenges.

Manual invoice coding seems simple but drains AP efficiency fast causing delays, errors, and rising costs as volumes grow. Here’s how it impacts cycle times, accuracy, and visibility, and how finance leaders can fix it with smarter automation.

Even well-run finance teams face non-PO invoices - from SaaS renewals to service retainers. Untracked, they cause delays and budget overruns. With structured workflows and automation, these exceptions can flow as efficiently as PO-based invoices.

Packing slips and goods receipt notes (GRNs) play a hidden but critical role in AP accuracy and fraud prevention. This post breaks down why these documents matter and how finance teams can use them to tighten controls without slowing down.

Working capital fuels growth but manual AP hides trapped cash, missed discounts, and poor visibility. The question is: can automation unlock working capital, or is it just another efficiency play?

Funding secured. Now let's replace decades-old banking rails with friction-free global payments that any business can access.

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