WEBINAR RECORDING
AI is the next big thing in invoice automation
Handling purchase invoices by hand takes a long time and costs a lot of money for the accounts payable department and business units. Whereas PO invoices usually get matched automatically pretty well, non-PO invoices are still moved around manually. This not only costs time and money but affects posting quality.
It has been almost impossible to automate non-PO purchase invoice processing. Building and maintaining automation rules is very complicated and difficult. Rules don't often work and they need to be maintained constantly.
Accounts payable time is spent on adding general ledgers, cost-centers, VAT codes, project numbers, etc. All the invoice data that reviewers and acceptors need.
Artificial Intelligence is making a massive difference in purchase invoice processing
AI automates the impossible: non-po invoice handling. AI learns automatically: how to post and route invoices without a human touch. Hundreds of companies have already started to use AI to increase invoice automation. And they see great successes.
In this webinar we talk about AI in financial management generally and how it works in invoice automation in particular. We'll show you real numbers on how other companies have benefited from AI.
There is no doubt that you will keep crossing paths with AI in the coming years so this is the webinar that you should definitely watch!
Duration: 45 minutes
In the webinar we answer the following questions:
- Why rule-based invoice automation for non-PO invoices is history?
- How does artificial intelligence work as part of the purchase invoice handling process?
- How does artificial intelligence learn and develop over time?
- What are the typical P2P automation levels that can be achieved with artificial intelligence?
- How do the AI and the AP automation system's rule-based automation work seamlessly together?
- How can AI be implemented in any AP automation system?
- How much does it cost to implement the AI in use?
- How companies are using AI and what kind of results they are achieving?
Watch the webinar to learn how AI can help financial processes run smoother and faster!
By the way, did you know that the manual handling of non-PO purchase invoices cost around 5-15 € per invoice?
DOWNLOAD YOUR FREE WEBINAR RECORDING HERE
Tuomas Haapsaari, Snowfox.AI
Miikka Savolainen
Snowfox.AI