-
AI in finance and accounting: a strategic roadmap
Finance and accounting (F&A) are critical to the operational efficiency and strategic decision-making of any business. The advent of artificial intelligence (AI) presents a transformative opportunity for these functions. This article analyzes manual, analytical, and strategic activities within these functions and determines the most optimal AI adoption roadmap. 1. Nature of Activities in F&A Functions…
-
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…
-
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…
-
Best practices for optimizing purchase requisitions, invoices, and payment approvals
Creating a comprehensive and efficient purchase requisition, invoice, and payment approval process is crucial for organizations to maintain operational efficiency and financial control. Given the diversity in practices across companies, its beneficial to consolidate best practices that can serve as a guideline for establishing or refining these processes. This blog aims to outline these best…
-
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…
-
The AI advantage in finance function: beyond traditional automation
The shift from traditional workflow automation to AI-enhanced processes in finance represents a leap toward more intelligent, adaptive, and strategic financial management. AI’s ability to learn and improve over time, predict future trends, and provide deep insights into financial data offers CFOs powerful tools to drive efficiency, compliance, and strategic decision-making. While traditional automation streamlines…