According to the Institute of Finance and Management (IoFM), accounts payable (AP) functions in over 85% of enterprises have some level of automation. However, the AP performance metrics indicate a dismal picture:

• Only 4% of PO invoices are paid on time.
• Days payables outstanding (DPO) is less than 20 days for only 19% of organizations.
• Only 5% of PO-to-invoice matches are accurate on the first try.
• 33% of organizations have more than 1% of duplicate payments.

Given the volume, variety and complexity of modern AP requirements, it is essential for Finance and AP leaders to develop and execute a holistic plan for AP transformation. AI-led AP automation is for augmenting humans and enabling organizations to “do more, with less”, especially relevant for the scenario of an economic downturn. Legacy OCR, intelligent OCR, and IDP solutions are not tailor-made for AP processes and fail to scale as per business requirements. 

Join this exclusive webinar on 4th May 2023 at 12 PM ET to gain practical insights into the key value drivers for AP transformation, including:

• The people, process, and technology aspects
• Using AP automation as a “strategic” cost-efficiency driver
• Using AI for greater straight-through processing (STP) and higher accuracy
• Doing more, with less: tackling greater invoice volumes with minimal new investment.

Agenda:

12:00-12:05 PM ET: Welcome from Zycus 

12:05-12:50 PM ET: Panel Discussion 

12:50- 1:00 PM ET: Q&A

CLICK HERE TO REGISTER