The data management space has made significant strides over the past decade. In hopes of driving competitive advantages through their data, organizations have invested heavily in modern data architectures including data lakes, data warehouses, and data marts.
The number of invoices being handled per year is just growing for most businesses. If your business follows this pattern, chances are high that the challenges a paper-based AP extends will also grow with your business. The right solution would decrease or remove the need to wade through piles
Integrating AI and ML with automated accounts payable systems supercharge enterprise invoice processing. With its in-built cognitive data capturing technology, AI-powered AP systems help reduce cost, effort, and time and start adding value to businesses from day one.
According to B2B Payments Automation Playbook, a survey data of 400 financial decision-makers in more than 12 industries, over a quarter of enterprises has reported that they already adopted some form of account payable automation to boost their AP efficiency.
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