Conquering AP in an AI World: From Automation to Touchless AP
Accounts payable is an essential and complex financial operation. It impacts almost every employee, creates risks for an organization, involves multiple stakeholders, and must pull data from a range of disparate systems.
Orchestrating the end-to-end process and solving the range of attendant problems is a significant challenge. Now, AI-backed AP automation can connect all of the data, people, and systems into a comprehensive, collaborative platform. In short, it results in a touchless AP experience.
Here’s what you’ll learn:
What are accounts payable and vendor management and why is it so important to get them right?
What are some of the key challenges in the AP process?
- Manual tasks.
- Complex data collection (contracts, SOC reports, W-9s, RFP responses).
- Compliance with internal spending policies.
- Lack of visibility into the spend process.
- Manual and inefficient vendor management.
- Making payments.
- Transaction coding (vendor information, category, tag, payment dates, etc.).
- Handling audits.
How modern systems help manage the risks in AP.
How AI-powered technology is opening up new possibilities for AP.
The Airbase by Paylocity example:
- Touchless AP powered by AI technology.
- Seamless vendor onboarding and documentation capture.
- Touchless invoice capturing.
- Advanced procurement and multi-stakeholder approval workflows.
- Integrated expense management.
- Automated bill payment and reconciliation.
- Spend analytics.
Close Books Faster with Touchless AP
Traditional AP processes are riddled with manual data entry, delays, and compliance risks. Airbase by Paylocity’s AI-powered AP Automation handles everything — from invoice capture and GL coding to vendor payments and reconciliation — giving finance teams control, accuracy, and time back to focus on strategic work.
Related
What is Employer Branding? Strategies and Best Practices
