💭 How does the synergy of AI and automation transform traditional procurement into a more agile and competitive function within organizations?
Procure to Pay (P2P) processes form the framework for purchasing and payment operations in enterprises. Embedding AI and automation within P2P operations is indispensable, as it enhances accuracy, speed, and cost-effectiveness across the entire procurement process. This transformation is crucial for improving efficiency and effectiveness in managing products or services, from purchase requisition to payment processing.
You're invited to this 45 minute virtual discussion on - Level Up Your P2P Game: Streamlining Procurement with Generative AI From Source to Pay, featuring Supraja Venkatesh, AVP Solutions and Delivery at Datamatics we'll explore:
- Applications of generative AI in procurement practices.
- AI for supplier discovery, selection, and management to enhance supplier performance.
- Integration of AI for automated contract generation, negotiation, compliance and audit readiness.
- Minimizing procurement risks through AI and improving the bottom line.
- Enhancing the procure to pay process with AI, from purchase order creation to invoice processing and accounts payable.
- Applying predictive analytics for demand forecasting and optimizing inventory, illustrated with a real-world case study.
This session will offer strategies for leveraging procure to pay software to streamline purchase requests and payments, ensuring supplier transactions are efficient and timely.
Register now to join us on: Wednesday, 7th August, 2024 at 11:00 AM ET, US | 04:00 PM, UK.
