EInvoicing & Automation

If you’ve been to an event or read any article about finance or P2P recently, you’ll be familiar with digital transformation. In fact, the term is used so often, it's in danger of becoming meaningless. Used as a short hand for “what you’re doing now is probably wrong,” it’s assumed that everyone is on board with what transformation means and how to go about doing it.

Guest article by Magali Michel, Director, Yooz

AI fascinates us, excites us, even scares us a little (I’m still not sure I want to be on the same roads as self-driving cars!) But there is no denying that AI makes our daily lives so much easier than it was just a few years ago, and much more than imagined.

The positive impact of AI on finance teams

When we talk about AI, we immediately think about virtual assistants or chatbots, like Siri or Alexa, smartphones that identify us through fingerprint or facial recognition, cars that are able to detect pedestrians and to park themselves (often better than humans do). We also think about computers that recognise and analyse documents automatically.

Some organisations get it. They fully recognise the potential e-invoicing has to transform their business. Others, quite simply, don’t. Those in the second camp see e-invoicing only as a potentially faster way of paying suppliers, but with added implementation and process change costs, and anyway they're quite happy the way things are – so push it to one side.