NetSuite AI Solution Workshop: Fixing The Most Costly Step in Procure-to-Pay

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Presented by

Stephen Boals, SVP, Strategy and Evangelism at Ephesoft | Chris MacWilliams, Manager, Solution Engineering at Ephesoft

About this talk

The age of COVID has changed the way we work, deepening processing pain points for Accounts Payable departments across the globe. Remote work, partial shipments, supply chain shortages, bankrupt vendors, partial fulfillment and shipping prices have amplified the many challenges. Forward-looking organizations have driven digital transformation efforts and worked to create touchless processing for many of their accounting processes. However, over 50% of organizations still struggle with invoice processing and AP automation. Procure-to-Pay solutions usually involve a vendor portal for purchasing, payments, supply chain, AP automation or invoice processing and integration with an ERP application, as well as inventory management and travel and expense management for more robust systems. By automating specific AP processes, businesses can significantly cut costs while increasing efficiency and productivity. In this webinar, we'll discuss: - How AI can be used to solve the AP problem and nearly eliminate the need for manual data entry in NetSuite - Best practices for accelerating approvals for better vendor relations - Optimizing validation and exceptions process with automation - An introduction to Semantik Invoice, an integrated ‘Built for NetSuite’ application

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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.