Putting on your AI oxygen mask: automated GL codes for non-PO invoices

Accurately coding general ledger (GL) accounts for invoices missing purchase orders (POs) is harder than climbing Mt. Everest while holding your...

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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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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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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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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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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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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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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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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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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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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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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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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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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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