Digitalization

Shifting from short-term continuity to long-term transformation

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.

Have a look at our tool and see for yourself how digitalization with AI can improve your workflows 👉

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Digitalization

Digitalization

Image credits: Header- & Featured image by rawpixel.com on Freepik

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