Harnessing AI for Efficient and Accurate Accounts Payable Processes
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Key Takeaways
⇨ Finance teams at modern enterprises have a multitude of issues they must contend with and overcome on a daily basis.
⇨ Organizations are turning to AI to bolster their cashflow optimization, find early payment discounts, optimize invoice processing and workflows, while also generating unique reports and analytics.
⇨ Serrala highlighted four key use cases where AI can prove vital for AP functions.
more and more companies are turning to AI to help AP run more smoothly. Yet not all organizations are comfortable with this emerging technology. In fact, SAPinsider’s recent AI and Automation in Finance benchmark report found that just 31% of SAP organizations are actively using AI to bolster their invoice and payments processing solutions. Often, the biggest hurdle that companies face in implementing AI into their financial workflows is a lack of buy-in at the executive level. To help these organizations make their business case for AI, the AP experts at Serrala highlighted four key use cases where AI can prove vital for AP functions
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