-
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 sales tax verification: embracing AI for accuracy and efficiency
1. Current verification process of sales taxes in vendor invoices In the traditional approach, accountants manually review invoices from vendors to verify the accuracy of sales taxes charged. This involves checking the item-wise price, quantity, and sales tax against the shipping-to and from addresses postal codes. Accountants must understand the taxability of products, applicable tax…