A naukri.com initiative
Pymnts
1d
53
Image Credit: Pymnts
PairSoft Adds AI Agents to Accounts Payable Automation Solutions
- PairSoft has integrated AI agents into its accounts payable automation and eInvoicing solutions.
- The AI agents aim to streamline tasks such as GL coding, PO matching, and invoice approvals.
- The technology uses historical data to automate processes and reduce manual work for finance teams.
- PairSoft sees AI as a way to enhance decision-making and support CFO strategies.
- The company views AI as one component of an organization's approach, not a standalone solution.
- Reports show a growing interest in AI adoption for transforming back-office processes like AP.
- 38% of CFOs at U.S. large enterprises are actively using AI in their AP programs.
- An additional 43% of CFOs show interest in implementing AI solutions.
- Enterprises with over $10 billion in annual revenue have higher AI adoption rates.
- PairSoft's acquisition of APRO Software Solutions aims to enhance its procurement and financial platform.
- The merger is expected to benefit over 1,700 organizations with improved automation and cost-saving technologies.
- The CEO of PairSoft, Matt Cotter, emphasizes the commitment to automating critical financial processes for customers.
- PairSoft envisions AI as a tool to boost productivity and efficiency in financial operations.
- The integration of AI agents is the initial step in PairSoft's broader AI roadmap.
- AI adoption is seen as a means to free up finance teams to focus on more strategic initiatives.
- The article was originally published on PYMNTS.com.
Read Full Article
3 Likes
For uninterrupted reading, download the app