April 12, 2023

Procurement Risk Management: A Cognitive Data Driven Approach

As global supply chains grow more complex and risks multiply, traditional procurement approaches fall short. Enter cognitive data-driven procurement risk management—a smarter, AI-powered way to identify, assess, and mitigate procurement risks. By harnessing the power of AI and machine learning, organizations can gain unprecedented insights into their supplier ecosystem, optimize procurement performance, and stay ahead […]

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

Accounts Payable / By Swagata Kumar

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

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

Accounts Payable / By Zycus

Accounts payable (AP) teams play a crucial role in managing a company’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

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

Accounts Payable / By Zycus

The integration of Generative AI for Invoice Processing and Accounts Payable into financial operations isn’t just a technological upgrade—it’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

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

Accounts Payable / By Zycus

Accounts payable (AP) 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

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How to get started with Automated AP Process?

Accounts Payable / By Zycus

According to a recent report by the Institute of Finance & Management (IOFM), 86% of Accounts Payable (AP) teams claimed to have implemented at least some level of accounts payable automation in 2022, representing a significant increase from the 45% reported just a few years ago. This surge in the adoption of Automated AP Process

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