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Transforming accounts payable operations through AI

Future CFO

The technological advancement provides more than just automation and reshapes roles, empowering finance teams to zero in on strategic activities like data analysis, supplier negotiations, and decision-making. There are nine ways AI-powered systems can transform invoice processing in Accounts Payable (AP) departments.

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Why Cloud-Based Accounts Payable Is Make Or Break

PYMNTS

Employing accounts payable (AP) automation solutions can help smooth onboarding and streamline the data collection and analyzing processes, removing the many friction points that are prone to legacy systems. How a business begins a relationship with a supplier can determine how lasting — and profitable — that bond becomes.

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What Controllers Can Do to Help Leverage FP&A Solutions

The Finance Weekly

Complete data analysis (DA). The responsibilities of controllers today extend to more than just accounting and forecasting; FCs are now expected to engage in business administration and financial planning. The benefits of CPM software are as follows: Reduced operational costs. Automation of previously manual tasks.

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Financial Metric Madness: How SMBs Can Set Meaningful KPIs for Their Business as Part of Their Financial Reporting and Analysis Process

Centage

Some of the most common KPIs used for SMBs include operating cash flow, gross profit margin, revenue growth rate, market share, customer churn rate, break-even markers, accounts payable and receivable timelines, expense ratio, budget versus actual, and customer acquisition cost. Or is it merely interesting?

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US B2B Startups Dominate $337 Million Worth Of Funding

PYMNTS

Texas’ SpyCloud delivers protection against account takeover for its corporate clients. SpyCloud identifies exposed employee and customer accounts to safeguard them before any malicious activity can occur. Employment Hero. Remesh, based in New York, deploys artificial intelligence to enhance corporates’ research efforts.

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Portal Finance: Don’t Finance A Small Supplier Out Of Context

PYMNTS

“We found that by helping large corporates de-risk their supply chains with their accounts payable and reconciliation processes, we were able to leverage the relationship with their supplier network to reach a large number of suppliers,” Caicedo told PYMNTS.

Finance 40
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AIs Impact on Corporate Finance

The Finance Weekly

Artificial Intelligence (AI) is gradually revolutionizing various industries, including the field of accounting and finance. They highlighted how AI technology is transforming the way finance and accounting teams work with data and make decisions. Another application gaining traction is leveraging AI for scenario analysis.