The digital processing of incoming invoices is complex and subject to strict tax and organizational requirements. Businesses face the challenge of designing the processes for capturing, reviewing, approving, and archiving invoices in a compliant and efficient manner. In addition, the processes and the internal control system must be structured in a way that the current changes in the Value Added Tax Act and especially the EU standard EN 16931 are considered. 

Different inbound channels, unreliable OCR recognition systems, and missing or inadequate approval processes often lead to errors and delays in invoice processing.

Often, the internal control system is not sufficiently developed, and the controls are either not appropriate or not effective. 

As part of the invoice processing analysis, we first conduct an as-is assessment. Through structured interviews and the review of relevant documents, we assess the existing processing procedures and the implemented controls. 

In the next step, we evaluate the control mechanisms used to ensure data integrity, analyze approval processes, and review the interface processing to upstream and downstream systems. 

We pay particular attention to the effectiveness and documentation of the implemented internal control system. 

As a result, you receive a comprehensive documentation of results with concrete recommendations for action, on the basis of which an optimized target process can be derived.