AI-led Automation 2023 | Executive Leaders Network (ELN) | 4 July 2023 | Webinar
Venue
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| Event Date |
Wed Jul 5 UTC (over 1 year ago)
In your timezone (EST): Tue Jul 4 8:00pm - Tue Jul 4 8:00pm |
| Location | Webinar |
| Region | All |
Details
Maintaining a strong cash flow is of utmost importance for businesses, especially right now during the economic downturn. But, unfortunately for many organizations, large amounts of cash are being tied up in inefficient, back-office finance functions. Here are some alarming statistics from the Institute of Finance & Management (IOFM):
Only 5% of PO-to-invoice matches are 100% accurate on the first try.
33% of organizations have more than 1% duplicate payments.
About 25% of organizations have more than 10% of transactions requiring correction.
The current operating environment calls for AP functions to “do more, with less”. AI/ML capabilities can be leveraged for driving a greater straight-through processing (STP), achieving greater accuracy in extracting data from invoices, and handling non-PO invoices with ease. Moreover, significant effort of AP professionals can be saved by using AI/ML for processing invoices containing emails and for automated supplier communications.
How about saving $3 per invoice email with AI-enabled automated supplier communications?
How about reducing overall cost per invoice by over 60%?
Join us for a webinar where we will delve into how you can reduce AP costs, “do more, with less”, including processing 2-3x of invoice volume with the same team of AP professionals. Now is the time to transform AP and take advantage of AI-powered, next-generation AP automation.
Who is this event for?
If you're CFO, Finance leader or work in Accounts Payable department, this webinar would be ideal for you. Whether you're looking to expand your knowledge on how to significantly reducing invoice processing time and costs, Process non-PO invoices with ease using AI or Leverage AI for driving AP function’s efficiency or you're facing a business challenge in these areas, this webinar will provide valuable insights.
Speakers
2023 Speakers
Jon Hansen
Founder, Procurement Insights
Thomas Bioud
Regional Vice-President Sales, Zycus
Ellen Leith
Managing Director, The Purchase to Pay Network (PPN)
Monika Mutscher
Senior Solution Consultant, Zycus