AI in Accounting: Are You Average or Best-in-Class?

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Presented by

Stephen Boals, SVP Strategy and Evangelism at Ephesoft

About this talk

Are you average or best-in-class? Most accounts payable (AP) departments are still struggling with invoice processing and over 50% of them say they are challenged with processing invoices efficiently. With the average cost of processing an invoice at just over $10, there has to be a better way. Join us for a thought-provoking webinar that will have you questioning and strategizing how to improve your current accounts payable processes. Armed with benchmark data and customer feedback, Stephen Boals, SVP Strategy & Evangelism at Ephesoft explores how companies of any size can either settle for being average or easily transform their approach with automation to become a “best-in-class” AP department by leveraging cutting-edge cloud computing and artificial intelligence. In this webinar, you will learn: -The 4 key metrics that AP departments can measure and use as a benchmark for improvement - Benchmarking statistics that compare “average” vs. “best-in-class” departments - Next steps for accounting teams to future-proof their processes
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Welcome to our channel! Ephesoft’s Intelligent Document Processing (IDP) platform and data enrichment solutions automate document-centric processes to maximize operational efficiency and human productivity for enterprises and the public sector. Using AI, patented machine learning and proprietary classification models, Ephesoft’s customizable and scalable platform turns any document type into structured, actionable data to accelerate business processes and data-driven decisions. The platform’s APIs and iPaaS connectors allow for fast integrations into other business systems for seamless end-to-end automation. Working with a vast partner ecosystem, Ephesoft has been deployed in the cloud and on-premises to customers around the globe saving costs, improving data accuracy and fueling their digital transformation journey towards hyperautomation. Ephesoft is headquartered in Irvine, Calif., with regional offices throughout the US, EMEA and Asia Pacific. For more information, visit ephesoft.com.