<ul><li>Accounts payable functions in corporate finance are being reshaped by artificial intelligence, particularly in areas like payment processing and operational efficiency.</li><li>A PYMNTS Intelligence report, in collaboration with Coupa, reveals that 82% of enterprise CFOs are either using AI in their AP functions or considering its adoption.</li><li>Challenges exist in integrating AI into financial systems, with issues like integration difficulties, lack of customization, and high implementation costs being reported by CFOs.</li><li>68% of CFOs are open to investing in AI solutions that offer real-time visibility into expenditures, along with capabilities like vendor negotiation support, budget optimization, fraud detection, and predictive analytics.</li></ul>

68% of CFOs Are Willing to Invest in Real-Time Spend Visibility

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