...

April 12, 2023

procurement risk management

Procurement Risk Management: A Cognitive Data Driven Approach

What is cognitive data-driven procurement risk management? Cognitive data-driven procurement risk management is the game-changing approach to procurement risk mitigation โ€“ empowering businesses to make smarter decisions and secure their supply chain. It involves utilizing advanced data analytics and cognitive technologies to identify and mitigate potential risks in procurement process. It employs AI and ML [โ€ฆ]

Procurement Risk Management: A Cognitive Data Driven Approach Read More ยป

3 way match

Why Automated 3 Way Matching in Accounts Payable is the Key to Success?

Explore the benefits and automation of 3 Way Matching in Accounts Payable process in our latest blog. Learn how to automate three way matching process with automated invoice matching software enhances efficiency and accuracy in accounts payable for large enterprises. Dive into strategic insights on streamlining your financial operations and strengthening supplier relationships. Accounts Payable

Why Automated 3 Way Matching in Accounts Payable is the Key to Success? Read More ยป

Zycus AP Smart Desk

AP Automation: Improve Supplier Relationships & accounts payable problems with Zycus AP Smart Solutions

Accounts payable (AP) teams play a crucial role in managing a companyโ€™s finances, ensuring that invoices are processed accurately, and payments are made on time. However, with increasing volumes of invoices and supplier queries, the AP team can often get bogged down with manual processing of invoice-containing emails, leading to additional costs, missed replies, and

AP Automation: Improve Supplier Relationships & accounts payable problems with Zycus AP Smart Solutions Read More ยป

Straight Through Invoice Processing

How does AI led AP automation help in Straight Through Invoice Processing

The integration of Generative AI for Invoice Processing and Accounts Payable into financial operations isnโ€™t just a technological upgradeโ€”itโ€™s a strategic revolution. Consider the case of a high-tech company in Silicon Valley, where the adoption of AI-driven processes has slashed invoice processing times by 80%, demonstrating a clear shift in operational efficiency. This blog delves

How does AI led AP automation help in Straight Through Invoice Processing Read More ยป

Accounts Payable Fraud Detection

Shield Your Business: Unlock the Power of Accounts Payable Fraud Detection

Accounts payable (AP)ย  is a crucial function in any organization, as it deals with managing the payment to suppliers and vendors. However, it is also highly susceptible to accounts payable fraud detection and anomalies. According to the Association of Certified Fraud Examiners, organizations lose an estimated 5% of their annual revenue to fraud, with the

Shield Your Business: Unlock the Power of Accounts Payable Fraud Detection Read More ยป