3 Ways Artificial Intelligence Uniquely Empowers Accounts Payable Departments to Become a Profit Center

Businesses are rethinking their approach to accounts payable.  It is no longer enough for accounts payable to pay suppliers on-time.  Businesses now expect accounts payable to help drive profits.

But efforts to transform accounts payable from a back-office function – a cost center – and into a profit center are being undermined by manual and semi-automated accounts payable processes that:

• Cost too much
• Take too long
• Provide inadequate visibility

Fortunately, an emerging technology called artificial intelligence (AI) – computers and software that do things normally done by humans, and do it better over time – uniquely address these obstacles.

IOFM’s latest white paper shows:

• The benefits of transforming accounts payable into a profit center
• Describes the three ways that manual and semi-automated accounts payable processes are preventing accounts payable from becoming a profit center
• Defines AI technology
• Details how AI eliminates the barriers to making accounts payable a profit center.

If transforming accounts payable into a profit center is among your priorities for 2018, download this white paper today!

Continuing Education Credits available:

Receive 1 CEU toward renewing APM, APS, APPM or APPS certification from the Institute of Finance and Management! The Accounts Payable Certification and Procure-to-Pay Certification Programs are designed to establish standards for the profession and recognize Accounts Payable and Procure-to-Pay professionals who, by possessing related work experience and passing a comprehensive exam, have met stringent requirements for mastering the Accounts Payable and Procure-to-Pay bodies of knowledge

This white paper is provided free of charge and underwritten by a sponsor. Following your download, you may be contacted by the sponsor with information about their products and services.