PYMNTS.com

Corporate payments technology firm Bill.com is rolling out a new platform designed to deploy artificial intelligence (AI) for automated workflows. In an announcement on Wednesday (May 22), Bill.com said it has launched the Intelligent Business Payments Platform for small and medium-sized businesses that need a more efficient business payments solution. Bill.com pointed to its own research, which found the payments platform saves SMB users an average of 5.5 hours every week, or 35 business days a year, by automating processes that professionals had previously completed manually. The platform includes an Intelligent Virtual Assistant, which automates invoice processing and approval, and uses machine learning to automatically capture data from those invoices and identify potential errors. It can also recognize bill approval routing and payment thresholds.