While there have been significant advances in the adoption of AI over the past few years, more organizations are focused now than ever before on finding new ways to implement AI and reap its benefits.
The Accounts Payable Function (AP) is ripe for transformation. Organizations are overwhelmed by the cost and complexity of processing AP functions, resulting in longer and more error-prone processes, or worse—incomplete transactions.
In the era of digital transformation and the much-anticipated tide of artificial intelligence (AI), your organization may be a great candidate for AI to tackle some of those tough Accounts Payable (AP) processes. But before going that route, it’s essential to understand the foundational elements of AP and how it can benefit your business.
Karan Yaramada examines how organizations can use AI to address these issues and transform their AP invoicing processes and have a major impact on the business's bottom line.
About the author
Karan Yaramada, CEO & Founder, Kanverse.ai