"The accounts payable function at most businesses remains mired in paper-intensive processes that leave little time for value-added activities. 84% of the average accounts payable professional's time is spent on transaction processing, leaving only 16% of their time for activities such as data analysis, the Institute of Finance & Management (IOFM) reports"
"But two emerging technologies- artificial intelligence (AI) and robotic process automation (RPA) - are fundamentally changing the way accounts payable functions, by eliminating manual tasks, speeding cycle times, and enhancing decision-making."
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"How Artificial Intelligence and Robotic Process Automation Will Transform Accounts Payable"
This recent whitepaper describes
the challenges faced by most accounts payable departments, shows how AI
and RPA address these challenges, and provides an action plan for
ensuring that accounts payable departments choose the right AI or RPA