Which statement is true regarding the Auto Reject Invoice process?

The auto reject invoice process is a systematic approach designed to streamline invoice management by automatically identifying and rejecting invoices that do not meet specified criteria. When the process is in place, it generates an invoice reconciliation document for all invoices that are processed through the auto reject mechanism. This reconciliation document serves to provide a record of any actions taken on the invoice, ensuring transparency and accuracy in the invoices that are either accepted or rejected.

In this context, the process enhances both efficiency and accountability, allowing organizations to manage their invoices effectively and reduce the workload on accounts payable departments. The creation of a reconciliation document is a key part of the process, as it aids in maintaining detailed documentation of interactions with invoices, supporting auditing and compliance activities.

The other statements do not align with the functioning of the auto reject invoice process, as they either imply limitations that do not reflect the process's intended capabilities or misunderstand its optional components.