Leading finance teams are automating as much of the Accounts Payable (AP) process as possible to reduce errors, cut down on paper invoices, and free up staff to focus on strategic initiatives.
But automating routine tasks such as matching payments and invoices is only scratching the surface. Artificial Intelligence (AI) can quickly read a huge volume of invoices and other documents, providing a treasure trove of actionable data.
AI will transform AP management, but there is also the potential to reshape analytic and business innovation
Download this informative whitepaper to learn about:
- Current challenges in AP processing, including manual processes, errors, lost invoices, and other barriers, and the financial impact of poor AP management
- AI and related technologies that have the potential to transform AP, leading the way to faster processes, fewer errors, and greater efficiencies
- The role of AI in leveraging internal and external data to improve cash forecasting and create more accurate plans based on greater visibility into AP performance and trends
- AI as an augmentation of human decision-making, providing business analysts with more relevant data to make decisions such as extending credit and negotiating terms with business partners