Invoice processing software automates the entire lifecycle of handling invoices, from receipt to payment, streamlining the workflow for businesses. It digitizes and organizes invoices, ensuring accuracy, faster approvals, and reduced human error. Features typically include invoice capture, data extraction, validation, matching with purchase orders, and automatic payment scheduling. This software also enhances transparency by providing real-time tracking and reporting, enabling better financial management and cash flow control. Integrations with accounting systems further simplify operations, improving efficiency and reducing administrative costs.