TOP 10
04
Accounts payable ( AP ) automation
Streamlining and enhancing routine vendor invoice activities , accounts payable ( AP ) automation provides procurement leaders with safer , more efficient and cost-effective operations . AI provides a holistic , end-to-end payment process – covering everything from capturing data to accounting systems .
Procurement leaders are also benefiting from optimising vendor portfolios , reducing duplicates and errors , reducing the risk of fraud , and taking advantage of early payment discounts .
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03
Contract lifecycle management
Supporting contract generation and negotiations , AI is being harnessed to help identify areas of risk in contract language . Such solutions help improve cycle times and streamline the management process through the use of standardisation , automated drafts , and workflow management .
26 March 2024