Adopting an AI-powered AP solution is likely more cost-effective than you may think.
A checklist of things you need to Identify The Right AI-Powered AP Solution:
Adopting an AI-powered AP solution is likely more cost-effective than you may think. The right tools can also leadto increased efficiencies, happier employees, and stronger vendor relationships. While there is no “one size fits all”solution for AP automation, your AP pain points should drive your search. When choosing a provider, ensure you have a full view of the features provided (and the associated costs).
Some common areas to consider include
1. Base Costs
Dig deep to uncover any hidden fees or additional expenses
2. Fraud Prevention
Ask about specific fraud capabilities and features to prevent loss
3. Levels of Access
Manage user capabilities and restrict access to sensitive data
4. Mobile Features
A mobile application for on-the-go financial decisions
5. Integrations
Find a platform that plays well with your existing stack of applications
6. Ease-of-Use
Put your team on a platform that's intuitive and efficient
7. Onboarding
Inquire about onboarding assistance
8. Support
Make sure you have a dedicated support team for ongoing success and implementation timelines
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