Artificial Intelligence in Accounts Payable


For modern businesses, gaining value and cutting costs extends to every area of operations--including how they pay their bills. As automation, artificial intelligence, and the digital transformations they support become an increasingly common and important part of effective business process management, automating the accounts payable (AP) function has become a popular first step in achieving greater efficiency, value, and performance. The next step--leveraging artificial intelligence in accounts payable--holds the potential to increase these gains and help organizations of all sizes and types achieve true, end-to-end AP automation. Understanding the importance of advanced artificial intelligence in accounts payable, and adding it to your overall AP optimization paradigm, can help your business meet its goals more effectively while helping to lay a foundation for full digital transformation. Traditionally, AP processes follow the same basic pattern, regardless of industry.

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