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AI assistance in accruals
Find out interesting insights with Mike Vaishnav, CFO & Strategic Advisor Moderated by Emily, Digital Transformation Consultant at Hyperbots Don’t want to watch a video? Read the interview transcript below. Emily: Hi everyone, good morning, good evening, good afternoon based on where you are. I’m Emily, a digital transformation consultant at Hyperbots, and today I…
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Challenges for the adoption of AI in finance & accounting
Find out interesting insights with Ayo Fashina, CFO Kobo 360 Moderated by Emily, Digital Transformation Consultant at Hyperbots Don’t want to watch a video? Read the interview transcript below. Emily: Hi everyone, good morning, good evening, or good afternoon depending on where you are. I am very pleased to have you back. The topic that we…
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Evolution of P2P process
Find out interesting insights with Anthony Dias, VP Finance Delcath Moderated by Emily ,Digital Transformation Consultant at Hyperbots Don’t want to watch a video? Read the interview transcript below. Emily: All right. Hi everyone. This is Emily, and I am a digital transformation consultant at Hyperbots. For today’s discussion on the evolution of the Procure-to-Pay…
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AI automation and ‘ease of audit’ co-relationship
Find out interesting insights with Cecy Graf, CFO & Strategic Advisor Moderated by Emily ,Digital Transformation Consultant at Hyperbots Don’t want to watch a video? Read the interview transcript below. Emily: Hello, everyone. This is Emily, and I’m a digital transformation consultant at Hyperbots. Good morning, good afternoon, or good evening, depending on where you…
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Evolution of P2P process part 2
Find out interesting insights with Anthony Dias, VP Finance Delcatch Moderated by Emily Digital Transformation Consultant at Hyperbots Don’t want to watch a video? Read the interview transcript below. Emily: All right, welcome back Tony to this segment. Thank you so much for walking us through the Procure2Pay overview and the challenges involved. In this…
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Optimizing vendor invoice processing: a guide to tailored matching policies
This blog outlines best practices in matching policies for vendor invoice processing, considering various factors like vendor characteristics, purchase value, and GL account specifics. 1. Understanding Matching Policies Matching policies are controls put in place to ensure that payments made to vendors are accurate, authorized, and for received goods or services. The most common types…
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Deciding the timing of vendor payments: a strategic approach
Managing vendor payments is a critical task for any company. With numerous invoices to process and a variety of payment terms to consider, businesses must make decisions carefully to maintain healthy cash flows and foster strong vendor relationships. This blog outlines the strategic consideration of early payment discounts and late payment charges and introduces a…
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How AI connects and elevates P2P business processes
Artificial Intelligence (AI) is rapidly transforming the landscape of business operations offering innovative solutions to enhance decision-making and optimize performance. The Procure-to-Pay (P2P) process, encompassing a wide range of tasks from purchase requisition to payments, stands as a prime candidate for such AI-driven transformation. By acting as a unifying glue, AI can not only tie…
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Story of leo burman: an AP accountant after AI introduction
A revolutionary change was stirring within the walls of a once-traditional accounting department. The introduction of an AI assistant, aptly named Aiden, marked the dawn of a new era for Leo Burman and his colleagues. Aiden, with its advanced algorithms and machine learning capabilities, was about to transform the tedium of invoice processing into a…
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Story of leo burman: an AP accountant before AI introduction
In the heart of a bustling city, Leo Burman, an accountant with a sharp mind and an eye for detail, finds himself trapped in the monotonous cycle of manual invoice processing. His day begins at 9 AM in a stark office, where the hum of fluorescent lights and the distant chatter of colleagues set the…