• Businesses face challenges with manual invoice processing despite technological advancements.
• Manual processes lead to errors, delays, and inefficiencies in accounts payable.
• Lack of standardized procedures and manual data entry contribute to inaccuracies.
• Compliance issues and financial discrepancies arise due to these inaccuracies.
• Navigating tax regulations adds complexity and increases the risk of errors and non-compliance.

Solution by InvoiceIQ

• InvoiceIQ revolutionizes accounts payable by automating invoice processing.
• OCR technology extract key data from scanned invoices.
• Manual entry errors and processing delays are eliminated.
• Data is compiled into a CSV file for easy access and management.
• Smart analysis of inventory with specific details empowers efficient data regulation.
  Includes analysis of taxes for various goods, such as GST (Goods and Services Tax), including CGST (Central Goods and Services Tax) and SGST (State Goods and Services Tax).

Future Scopes
Can be integrated with billing software for analyzing the patterns in selling and buying.
Can be implemented as a software that can handle tax requirements.
Can be integrated with invoice standardizer allowing the inputting wide range of invoices.

Monetization Techniques:
Selling the software to small to medium scale enterprises.
Subscription-based model
Pay-per-use and premium features.
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