The initial wave of AP automation focused primarily on converting information and workflows from manual to digital. AI-led AP Automation is driving greater straight-through processing (STP) rates with better data extraction accuracy (huge improvement over OCR), reducing the need for human intervention, enabling a template-agnostic approach to invoice processing, and helping AP functions “do more, with less”.

This is especially required given the ensuing shortage of AP specialists, work from home (WFH) and hybrid work arrangements, need to forge better supplier relationships with efficient communication, regulatory compliance mandates, and an ongoing economic downturn.

This white paper is for leaders in Finance, Accounts Payable, Shared Services, Global Business Services, and Automation Centers of Excellence (CoEs) looking to:

• Gain a clearer understanding of a complex and fragmented market for AP automation, including AP Invoice Automation (APIA) solutions.
• Learn how AI/ML is driving innovation and emergence of a new state of the art in AP automation.
• Determine cost saving and other performance improvement potential
• Build a solid business case for investing in AI-led AP automation.
• Gain insight into key features and capabilities to consider when selecting an AP Automation solution.