The pandemic has served as a wake-up call for many finance organizations and – if they hadn’t already started – they implemented more digital processes.
However, it is important to ensure these new workflows are sustainable. Here’s how:
✅ Know your processes: Discover and visualize how your AP and other finance processes really work through a data-driven analysis. Identify friction points, establish efficient ways of working, and pinpoint areas where cost savings are optimized.
✅ Evaluate your invoice landscape: Every invoice ecosystem is unique. Become familiar with your invoice volume, the number of suppliers, and consider invoice complexity. Ensure that your automation system supports your specific needs.
✅ Take advantage of AI: Invoice automation, bypasses the need to build templates for new supplier invoices through the integration of convolutional neural networks.
Take a look at our tool and see for yourself how digitization with AI can improve your workflows 👉
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