Zycus AI-Powered Bots Transforming Accounts Payable Operations Across Industries
Summary
Though belonging to different industry verticals, all these organizations had the same challenge with their accounts payable operations – repetitive and iterative manual processes that reduced efficiency and increased costs. The health insurer foresaw rapid business growth and wanted to build capacity for a higher volume of supplier invoices. Richard Waugh, Vice President- Corporate development shares, "The reason why Merlin AI bots work across the board is they are truly versatile and agnostic to industry, technology, language or invoice templates. Bikash Mohanty, Director Product Management concludes, "AP staff should be able to focus on areas of strategic value – managing suppliers, cash, and risk – instead of spending much of their time keying or re-keying invoice data because of a lack of tools or outdated OCR technology that suffers from low accuracy in extracting invoice data. Our spirit of innovation and passion to help organizations create greater business impact is reflected among the hundreds of solution deployments that we have undertaken over the years.