Expanding supply chains, growing business requirements and services, and older systems of record make it hard to manage risks and keep track of invoice activity. The result is an increase in the overall risk of non-compliance and fraud in managing invoices and their payments across the organization. This leads to new challenges with business workflows for data collection, verification, and invoice payments. The related risks can best be identified using AI technologies that can sort through data faster and surface insights for accounting and finance to act upon.
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