What is AI?
Artificial Intelligence is the theory and development of computer systems able to perform tasks that normally require human intelligence, such as visual perception, speech recognition, decision-making, and translation between languages. (Oxford Dictionary)
One area where AI is particularly useful is in the automation of Accounts Payable (AP) processing. AP processing is a critical aspect of any business, as it involves managing and paying invoices from vendors and suppliers. With the help of AI technology, AP processing can become more efficient and accurate, saving both time and money for businesses.
- Reduces Errors and Fraud – With AI technology, invoices can be automatically scanned and verified, reducing the risk of errors and fraud.
- Streamlines the AP process resulting in a reduction of time and effort – By reducing the number of errors that need human correction and optimizing the validation process for the errors that still do, AI-assisted capture can save immense amounts of time.
- Cost Savings – By eliminating some human interaction and utilizing automation for many of these tasks, businesses can reduce the need for manual labor, which can lead to cost savings.
Partner with CP Digital Solutions to automate and centralize the AP Process using innovative AI approaches to document capture, enterprise contact management, web forms, and workflow automation.
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