Finance AI, Accounts Payable

The Benefits of Autonomous Invoice Processing for CFOs

Over the last 10+ years, very little has changed in the way we perform the accounts payable process. We have seen incremental improvements to invoice...

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Finance AI, Accounts Payable

Autonomous AP: How AI is transforming Accounts Payable for modern finance teams

AI has been transforming the worlds of driving, advertising, e-commerce, personal assistants, and customer service. Now, AI for Accounts Payable is...

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Accounts Payable

The 5 Myths of Invoice Automation for Modern Finance Leaders

Accounts payable teams have been struggling with long cycle times and high-cost invoice processing for years, and AP leaders are urgently seeking...

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Accounts Payable

Why Automate AP? The Cost of Manual Approvals in Accounts Payable

Processing of Accounts Payable Invoices In the finance department, the processing of accounts payable invoices is an interesting paradox.

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Accounts Payable

Don’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 contracts that enforce the...

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Accounts Payable

We 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” our AI flagged when reviewing...

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Accounts Payable

We 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 egregious errors, waste, and fraud...

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Accounts Payable

Five 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 duplicates than about one percent of...

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Accounts Payable

We 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 all of the errors, waste,...

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Accounts Payable

3 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 contrast to the new...

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Accounts Payable

Manage 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 you looked was when you...

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Accounts Payable

4 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 been considered the...

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Accounts Payable

Protect 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 surprise to discover that...

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Accounts Payable

Invoice Fraud and 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 keep track of every...

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Accounts Payable

Verify 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 confidence that...

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Accounts Payable

Why 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 payment terms (for...

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Accounts Payable

3 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 never delivered, for...

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Accounts Payable

4 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 their desks. Unscrupulous...

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