What is the consequence of not implementing robust custom validations for invoices?

Not implementing robust custom validations for invoices leads to an increased risk of financial discrepancies because these validations play a crucial role in ensuring that all data entered into the financial system is accurate and consistent. When validations are absent or inadequate, erroneous or incomplete invoices can be processed, which may result in incorrect financial reporting and potential budget overruns.

The absence of these validations can allow for simple errors, such as incorrect amounts, billing to the wrong accounts, or duplicate invoices, to go unnoticed. This not only affects the immediate accuracy of financial records but can also compound over time, leading to larger discrepancies that may require extensive investigation to resolve. Therefore, implementing stringent custom validations helps to catch and rectify these issues early on, ensuring the integrity of financial data and reducing the overall risk of discrepancies.