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The role of AI in accounts payable automation

Future CFO

E-invoicing mandate and ESG compliance add further complexity dimensions to the priorities and challenges faced by the Office of the CFO. Office of the CFO must navigate these varying regulations and ensure that AI solutions comply with local laws to avoid non-compliance and potential penalties.

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Kofax Adds New AI Features For Accounts Payable

PYMNTS

Intelligent automation supplier Kofax has announced new innovations for its invoice and accounts payable (AP) solutions, according to a press release. That lets banks and other financial institutions cut down on times for processing, boost compliance and bolster productivity.

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OpenText Debuts Integration Tool To Connect ERPs With Accounts Payable

PYMNTS

With a launch that links enterprise resource planning (ERP) with accounts payable, among other systems, OpenText debuted its new OpenText™ Trading Grid™ The rollout brings together multi-enterprise cloud integration capabilities with data visualization and microservices architecture, according to an announcement.

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FinTechs Raise Funding For Supplier Payments, Compliance Automation

PYMNTS

Venture capital funding landed at supplier payment and compliance automation firms this week, among other B2B innovators that raised money. The valuation puts the accounts payable (AP) and mass payments company well into “unicorn” territory, meaning it is valued at over $1 billion. “We Strike Graph.

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The benefits of accounts payable – a finance perspective

Future CFO

Organizations that adopt accounts payable (AP) automation can experience significant benefits including greater control over cash management, reduction in processing costs, fraud mitigation and improved compliance. DOWNLOAD NOW The post The benefits of accounts payable – a finance perspective appeared first on FutureCFO.

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Transforming accounts payable operations through AI

Future CFO

The outcome is boosted efficiency, increased accuracy, cost reduction, and stronger supplier relationships—a game-changer in Accounts Payable that allows finance leaders to navigate uncertain economic conditions and elections with confidence. The post Transforming accounts payable operations through AI appeared first on FutureCFO.

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Rein in rogue spending by automating accounts payable

Future CFO

To curb rogue spending, businesses need to rethink how the accounts payable (AP) process can be improved. Automate for greater efficiency, visibility and compliance To overcome this, businesses should consider spend management solutions that help to automate many of the processes that an AP team has to manage frequently.