RPA, OCR, AI, Machine Learning, NLP and (insert your favorite automation buzzword here) are all technologies that promise to improve the accuracy and provide straight through/touchless processing of invoices. While these technologies provide a greater level of automation than manual processes, they don’t address the source of the challenge these technologies are solving - receiving paper and PDF invoices. How can you solve this challenge and move to a digital future? How should you think about your future F&A function where technologies don’t just act as stopgap fixes but contribute towards a holistic and even “invisible" enterprise capability?
In this session, we will review the critical success factors that will drive the F&A function of the future, towards “invisible” F&A. As an example of how organizations can think about this shift, we will review e-invoicing strategies that get away from paper and PDF challenges that OCR and RPA approaches tend to focus on. We will cover:
· Common challenges of e-invoicing adoption by suppliers
· An onboarding approach and segmentation that covers 100% of suppliers (top, middle and long tail)
· How to offer a balanced approach to e-invoicing that benefits both buyers and suppliers
Senior Director, Alliances