If your company acts like most financially-concerned businesses, you’ve already implemented at least some internal controls to uncover and prevent fraud within your expense system. Maybe you’ve tied spend limits to your purchasing cards. Or, perhaps you are restricting use on specific merchant category codes (MCCs). But while these steps are all important and useful, […]
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Artificial intelligence (AI) solutions have been implemented into purchasing, finance, sourcing and procurement processes in a myriad of different ways. We see AI’s influence in the automatization and augmentation of various tasks with the goal of increasing efficiencies. As IBM puts it, “businesses that want to stay competitive … need to have deeper insights into
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Artificial intelligence is widely considered to be the most significant technological innovation since the Internet. Its influence has infiltrated professional fields and industries of all kinds, certainly including those under the financial umbrella. When it comes to purchasing and procurement, the acceleration of AI across various functions has begun to transform how people think about
Why AI Doesn’t Need to Replace Humans in Procurement Read More »
By this point, you’ve heard all about artificial intelligence. In more ways than one, it’s inescapable. Not only is it supposedly going to usher in a “new era” in procurement and beyond, but coverage and discussion of it is everywhere. A few times over the course of our lives, we will be around for something
Making Sense of the “New Era” of AI in Procurement Read More »
Find the answers to your questions on boosting expense data insights and how finance teams can become more data-driven in their decision-making.
How Big Data Can Boost Your Finance Insights Read More »
Artificial intelligence is not a new development. It has existed in infancy since the 1950s, and as a concept, well before that. Unless you had a career or particular interest in robotics, programming, or automation, its impact on your life was likely minimal, unless you happened to be an hour deep in a sci-fi movie.
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