AI in Accounts Payable and Accounts Receivable

Future-Proof Your Career with AI Resources for AP and AR

Artificial Intelligence (AI) and machine learning are making waves in the financial operations profession. 

AI-driven technologies, including optical character recognition (OCR) and robotic process automation (RPA), have the potential to revolutionize the industry through: 

• Automation of routine tasks like data entry and invoice processing
• Faster in-depth data analysis, including predictive reporting
• Fraud detection through pattern learning
• Compliance monitoring and improved risk management

Those who currently work in accounts payable and accounts receivable are understandably curious about the impact of AI on their jobs. Recent reports positively suggest the prevailing strategy is to use AI to augment, rather than replace, the work of humans. (Accounting Today)

For more than 20 years, IOFM has been a trusted source for AP and AR professionals on current trends and new innovations in the financial operations industry. Browse our latest webinars, articles, and insights to navigate the changing landscape of AI.