Finance transformation success requires AI-driven Autonomous Accounts Payable
I have been working on enterprise AP automation programs for 20 years. I remember working with a large insurance company seve...
Read the ArticleDon’t get caught off guard by expired contracts
Contracts are key to mitigate risk, secure discounts, and acquire services. Your procurement teams work hard to negotiate con...
Read the ArticleWe let AI loose on millions of invoices and contracts, and here’s what we found (part 3)
Welcome back to the third and final blog in our three-part series of (anonymized) backstories on the nine AP “gotchas” ou...
Read the ArticleWe let AI loose on millions of invoices and contracts, and here’s what we found (part 2)
Welcome back to our second blog in this three-part series on nine AP “gotchas,” where we look at some of the more egregio...
Read the ArticleFive types of hidden invoice duplicates that only AI can find
According to the Institute of Finance & Management, only around 60 percent of organizations have fewer invoices duplicate...
Read the ArticleWe let AI loose on millions of invoices and contracts, and here’s what we found
Even if you have a tight accounts payable process with a best-in-class invoice automation system, it’s impossible to catch ...
Read the Article3 purchase-to-pay challenges to solve this year
Technology is progressing at its highest rate ever. New software solutions are being released into the market every day. In c...
Read the ArticleManage your contracts with confidence
How often do you review your signed business contracts? If you’re a procurement professional, it’s likely the last time y...
Read the Article4 reasons the three-way match is no longer enough to prevent overpayments or fraud
The three-way match, which cross-references invoices, purchase orders, and receiving documents before issuing payments, has b...
Read the ArticleProtect against supplier risk and PR nightmares with contract audit
Procurement teams work tirelessly to find the best suppliers, negotiate great prices, and snag solid discounts. It can be a s...
Read the ArticleInvoice anomalies are hard to detect — but not for AI
Accounts payable (AP) departments at large enterprises pay thousands of invoices each month. It’s difficult for AP teams to...
Read the ArticleVerify the fulfillment of goods and services with AI
AppZen’s fulfillment verification check, a feature of our AP Audit and Contract audit, gives procurement and finance teams ...
Read the ArticleWhy payment term enforcement matters
Ideally, every supplier would like to be paid immediately upon receipt of goods, but we all know that can’t happen. Longer ...
Read the Article3 common invoicing scams and how to avoid them
Invoicing and payments fraud can take a variety of forms: invoices from fictitious companies, invoices for products that were...
Read the Article4 examples of invoice fraud from the last 10 years
Accounting departments often don’t have the time or resources to question the legitimacy of every bill that comes across th...
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