Autonomous AP
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...
Read the ArticleAutonomous 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...
Read the ArticleThe 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...
Read the ArticleWhy 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.
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 egregious errors, waste, and fraud...
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 duplicates than about one percent of...
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 contrast to the new...
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 been considered the...
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 surprise to discover that...
Read the ArticleInvoice 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...
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 payment terms (for...
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 never delivered, for...
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 their desks. Unscrupulous...
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