Procurement Magazine April 2025 | Page 91

EXECUTIVE INSIGHT
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Finexio AI + Supplier enablement demo
That AI-powered anomaly detection could be expanded to flag suppliers with emerging risks, enabling proactive intervention before payment issues arise. Companies could use this intelligence to preemptively adjust payment strategies, reducing operational risk and improving supplier relationships.
Ultimately, the accounts payable area, the procurement area, the finance area – it’ s all converging into a single, unified workflow. At the end of the day, everything we are doing – supplier engagement, risk management, fraud detection and payment execution – should be integrated into a seamless money movement event, and we think that should be consolidated in one place. Right now, these functions are disconnected, but Finexio is solving for that with embedded AP Payments as a Service. We’ ve embedded our
Finexio takes on

100 %

of the communication to suppliers with a defined onboarding process
capabilities into platforms like JAGGAER and BirchStreet Systems that are real kings in the accounts payable procureto-pay sector. Their payments are powered by Finexio. When clients opt into their payment module, they immediately benefit from a smarter, more connected payments experience which gives them a huge advantage.
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