Non PO based invoices often fall into the category of contractual, regular spend monthly invoices. Their value may fluctuate slightly, such as with utility and phone bills, but they arrive consistently and follow a similar spend profile. As they don’t have POs or receipts, we can’t be sure the invoice was intended or the service… Read More »How do you automate non PO spend: Pattern analysis beats AI for consistency
During my recent seminars at financeSHOWCASE, I’ve been asking the audience a simple yes-or-no question: “Would you trust AI to adjust a payment run if it found better terms or early settlement discounts on an invoice?” I’ve been tracking the responses in a Google Sheet, and the results have been interesting. My aim in asking… Read More »How Much Autonomy Should AI Have in Finance: Balancing Invoice Terms, Document AI and Cashflow
I’ve recently been working to improve my understanding of how Intelligent Document Processing (IDP) leverages different types of AI to extract data from documents. We’ve been using ABBYY FlexiCapture for many years and are now transitioning our solutions to ABBYY Vantage. With all the recent discussion around AI in IDP tools, I thought it best… Read More »AI in Intelligent Document Processing: How Transformers and Deep Learning Power ABBYY’s IDP Tools
My whitepaper, ‘AP Automation Strategy Whitepaper Richard Fishburn’, is now in its 1.1 version. I’ve included a redacted copy here. If you’d like access to the full content, please reach out to me via LinkedIn or email. This document is designed to provide customers and partners with my perspective on the AP process, highlighting the… Read More »AP Automation Strategy Whitepaper: Version 1.1
My whitepaper, ‘AP Automation Strategy Whitepaper Richard Fishburn’, is now in its first draft. I’ve included a redacted version here. If you’d like access to the full content, please reach out to me via LinkedIn or email. This document is designed to provide customers and partners with my perspective on the AP process, highlighting the… Read More »AP Automation Strategy Whitepaper: First Draft (Redacted)
Recently, I’ve been working on a whitepaper about automating the accounts payable (AP) process. As an automation advocate and process enthusiast, I’ve leaned towards making it more process-led rather than marketing-focused. I believe this strikes the right tone for a true whitepaper. In my view, a whitepaper should: Demonstrate a deep understanding of the subject… Read More »Why Automating Accounts Payable Matters: A Whitepaper Perspective