The use of artificial intelligence in automating the purchase-to-pay process has skyrocketed in recent years. Many organizations have implemented AI in their financial management and are enjoying the automation it brings. However, some have made poor choices regarding AI, missing out on its benefits. These experiences could have been very negative and may have increased […]
Regarding the processing of purchase invoices, we are in a better situation than ever before. When we introduced artificial intelligence for automatic purchase invoice coding and routing for approval process in 2018, no one else was offering it. This also meant that there were no previous experiences in the market of utilizing AI in purchase […]
Get ready for a groundbreaking event that is set to reshape the landscape of the business services sector, The ABSL Conference: Beyond 4X. The Association of Business Service Leaders in the Czech Republic (ABSL) is excited to present an event that not only addresses the industry’s most critical challenges but also charts a path toward transformation […]
In this blog, I will delve into our customers’ experiences with purchase invoice AI and how the role of AI has grown in recent years. You have probably already heard that artificial intelligence (AI) is easily integrated into the purchase invoice processing workflow today. The easiest way to do this is to acquire a ready-made […]
Utilizing artificial intelligence in automating the purchase invoice process is a relatively new thing. The use of artificial intelligence is becoming more common all the time and its benefits are clear, but the truth is that the performance of artificial intelligence varies from company to company.The performance of artificial intelligence is affected by many things. […]
Manual purchase invoice handling is one of the most time consuming processes in financial management due to the fact that most of it is still done manually. Yes, there are some systems that have basic rule-based automation workflows, but they don’t really save that much time either. At least not as much for it to […]
The question in the title is often asked in customer meetings; when should we start using AI to automate our purchase invoice handling process? Let’s say you’ve just implemented a new purchase to pay solution. When the changing your P2P system, the previous automation rules have been removed and you will start developing automation rules […]
Artificial intelligence has brought the biggest leap in development for purchase invoice automation in the last decades. The change is so significant that it even seems unbelievable. I still often hear comments from our customers in the negotiation phase that ‘this sounds too good to be true.’ What kind of change does artificial intelligence bring […]
As technology has become more advanced and sophisticated, companies have turned their eyes on artificial intelligence (AI) as a way to solve a whole range of issues for them. New AI applications are being developed to automate a wider range of tasks, from customer service to fraud detection. One place where AI can have a […]
Every time we meet with financial administrators about automating their processes, they all have had one goal: to automate routine manual tasks. These tasks are usually posting and routing of invoices and manual purchase order matching. Clearly finance managers have understood that making experts do repetitive routine tasks is not sustainable. It is mind-numbing and […]
