Remove Accounts Payable Remove Compliance Remove Financial Systems Remove Invoicing
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Kofax Adds New AI Features For Accounts Payable

PYMNTS

Intelligent automation supplier Kofax has announced new innovations for its invoice and accounts payable (AP) solutions, according to a press release. That lets banks and other financial institutions cut down on times for processing, boost compliance and bolster productivity.

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Ancora On Streamlining AP Processes With Machine Learning

PYMNTS

The drive to eliminate paper in the accounts payable process, to cut the steps that lead to inefficiencies, continues to get a boost from technology. As he told PYMNTS, those steps include manual sorting of invoices, sales orders and supporting documents – and, more importantly, the manual entry of data from these documents.

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Why The Paper Deluge Doesn't End With Digitization

PYMNTS

That's particularly true for finance teams like accounts payable , accounting or payroll. Bad habits of saving important documents any old place, and assuming you and coworkers can easily find them later, rarely flies in industries where compliance is key.". Take the electronic invoice, for example.

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The Virtual Card Case For Nonprofits

PYMNTS

Nonprofits can face greater pressure than their for-profit peers when it comes to compliance. Not only do they add an enhanced level of security and fraud protection to the accounts payable process, they also simplify processes and provide a mechanism for generating new forms of revenue to support the nonprofit mission.”.

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Artificial Intelligence Lands AR In Uncharted Territory

PYMNTS

Artificial intelligence (AI) is finding success in the back office, and that includes in financial systems and accounting departments. One of the most dramatic ways is in the area of compliance and liability: If a machine makes the wrong call, who’s to blame? Financial executives aren’t ignoring this trend either.