AI Use Case

Support optimisation of accounts payable

Predicting the optimal approach to paying suppliers given the characteristics of the counter-party and the contract.

Function

Finance

Accounts Payable And Receivable

Benefits

Cost - Improved cash flow management

Case Studies

Gullivers Travel Associates~Gullivers Travel Associates reduces average transaction costs and invoice processing time by 74% and 86% respectively with machine learning

Industry

Data Sets

Structured / Semi-structured,Text,Time series

AI Technologies

Machine Learning (ML),Product Type - NLP - Text Entity Extraction

Potential Vendors

Celaton