article thumbnail

The role of AI in accounts payable automation

Future CFO

Given that Asia has varying levels of technological readiness, Cheah suggests that finance heads look into the following: Diverse Digital Maturity: While tech-savvy markets are leading the way in AI adoption, many emerging APAC economies, still grapple with outdated systems, multiple systems and limited digital infrastructure.

article thumbnail

Regional Banks Guide Corporates To Future-Proof Accounts Payable

PYMNTS

Accounts payable (AP) teams and other financial functions of the enterprise were some of the hardest hit by the disruption caused by the global pandemic. “Companies are increasingly looking to more efficiently manage the accounts payable process,” he said.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Why Accounts Payable Is The ‘Lost Child’ Of Finance

PYMNTS

So it is with accounts payable (AP), as Chen Amit, CEO of Tipalti , told PYMNTS in a recent interview. Accounts payable is the ‘lost child’ hidden in business workflows,” said the executive. “I Of accounts payable in general, he said, “it’s a cumbersome process. The Limitations Of Manual Labor.

article thumbnail

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.

article thumbnail

The Emerging Spend Management Sector: Simplifying Your Accounting Processes

Speaker: Spencer Falbo, Principal at Kong Basile Consulting

For a long time, the market has offered point solutions for accounts payable, such as bill payment, expense management, travel software, and corporate cards. These instruments have aided in the automation of workflows for various aspects of non-payroll spending.

article thumbnail

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.

article thumbnail

Why Cloud-Based Accounts Payable Is Make Or Break

PYMNTS

Employing accounts payable (AP) automation solutions can help smooth onboarding and streamline the data collection and analyzing processes, removing the many friction points that are prone to legacy systems. How a business begins a relationship with a supplier can determine how lasting — and profitable — that bond becomes.