Transforming the financial back office into a profit center involves several steps, and perhaps changes in your current operation. The major areas to focus on include optimizing processes, leveraging technology, promoting self-service, and expanding services. In this...
As summer winds down and we head into budgeting season, many companies will have Artificial Intelligence (AI) solutions on their radar for the upcoming budget year. When formulating your budgets keep in mind that the costs of implementing advanced AI in an accounts...
Implementing AI-powered solutions in accounts payable (AP) departments can lead to significant cost savings as well as operational and financial efficiencies. The exact savings you can expect depends on factors such as your company size, invoice processing volumes,...
AI is already significantly impacting financial back-office operations, and its influence is expected to increase exponentially in the coming years. While many will see AI as an opportunity, others will not be so optimistic. AI is here to stay and its influence and...
Reducing the cost per invoice in an accounts payable (AP) operation is essential for businesses looking to streamline their operations, reduce costs, and improve their bottom line. But first, let’s define how cost per invoice is determined: Cost per...
