INNOVATIONS IN AI AND RPA APPLICATIONS IN PROCUREMENT
GAVIN MEE , MANAGING DIRECTOR NORTHERN EUROPE AT UIPATH
There is a lot of innovation occurring in this space , impacting every stage of the procurement process . When gearing up for negotiations , instead of a sourcing manager spending a huge amount of time digging through data , RPA robots can pull and collate data quickly and accurately , allowing the sourcing manager to focus on negotiation strategy , saving managers ’ time and the business money .
When it comes to onboarding a new supplier , the manual process can take weeks to complete . AI-powered RPA robots can ‘ read ’ through the multiple documents that need to be processed , extracting and interpreting that information to allow faster , more efficient onboarding .
Other examples include requisition requests , where an RPA robot can be set up to guide business users through the process , ensuring higher accuracy and a smoother transition from requisition to purchase order . Once a purchased item arrives , they can help streamline the receipt process by populating information scanned from a receipt into the necessary systems almost instantaneously , eliminating time lags to ensure prompt vendor payment .
104 July 2022