What the report reveals
Artificial intelligence (AI) is seemingly everywhere, including the accounts payable (AP) arena, and it’s not going anywhere anytime soon. In fact, most AP departments will be leveraging AI within the year. When used as an expansion of AP automation, this transformative technology can streamline processes by reducing manual effort and human error, as well as improve decision-making and resource allocation.
Chapter Two of The State of ePayables 2024: Money Never Sleeps starts with a look at the strategies AP leaders are prioritizing in 2024, the top two being implement AP automation and improve AP reporting and data analytics. The chapter then delves into the impact of AI and AP technology today, including specific use cases and adoption rates.