Software robots alone are great at automating simple repetitive tasks, like posting simple invoice data into a finance system. But what about exceptions like coding an invoice with split tax codes, or matching a multi-line invoice to the correct receipts and orders? For that, you need to introduce intelligence- artificial intelligence Mr Bond.
Software Robots and Ai
Implemented well, robots can have a dramatic effect on the health of the business’s financial processes. Looking at the bigger picture of the effect of automation, not just in finance but across all professions and types of work, researchers believe that there will be a shift for humans towards areas which are harder to automate and one of those is creativity. Combining robots, data and AI to make intelligent automation gives us huge power for process transformation and in turn frees up our teams to work in more productive and enjoyable areas.
Deciding on where to start your AP automation journey is just the first step!