Conquering AP in an AI World: From Automation to Touchless AP

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 is accounts payable and vendor management and why is it so important to get 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 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.