From Automated to AI-Driven: The Future of AP Automation

Artificial Intelligence (AI) is revolutionizing industries, and finance is no exception. As AI technologies continue to evolve rapidly, they are transforming how businesses manage accounts payable (AP) processes by driving efficiency, reducing errors, and cutting costs.

However, despite the buzz surrounding AI, many organizations still lack a full understanding of the technology. In fact, when asked about their preparedness for AI adoption in finance, 38% of organizations rated themselves as beginner-level and acknowledged they still need "lots of upskilling." So, how can you fully harness AI in finance, and where should you begin?

Whether you feel overwhelmed by AI or are already unknowingly benefiting from it, this report will break down the algorithms behind the technology, providing practical insights and tips to help you demystify this transformative tool.

Key Takeaways:

• AP as a Strategic Asset: Discover why more than a third of CFOs are directly involved in approving their AP teams’ strategic plans and how the growing importance of AP has accelerated automation.
• Practical AI-powered AP Use Cases: Explore the top AP use cases for AI implementation and understand the algorithms that power these solutions, ensuring your AP team feels empowered and prepared.
• AI’s Impact on People: Learn how AI is about more than just efficiency. We’ll dive into how AI tools like chatbots can enhance vendor relationships, improve customer experience, and empower AP teams.
• Industry Expert Insights: Hear from Daniel Ball, Chief Product Officer at Medius, as he discusses how AI can "eliminate the everyday and illuminate the exception."
• Top Tips for AI Implementation: The report addresses key challenges in AP automation, offering strategies to ensure your AP process is AI-enabled in the year ahead.
• AI in Action: Gain real-world insights from a global software firm that saved over 160 hours in the first three months of adopting AI-powered AP.
• People-Centricity and AI: Understand the impact of AI on AP teams and discover what the finance professional of the future will look like to stay ahead of the curve!

Don’t let AI remain just a buzzword; unlock its potential today! Download the full report and take the first step toward smarter, more efficient AP operations.