Risk is one area, which is inevitable in any business, but then, as times are changing, rather than avoiding risk, companies are investing in how to detect, analyze and take preventive measures to manage their risks better.
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Invoice Processing has traditionally been one of the top manual time and cost consuming jobs in any organization. Every day, invoices worth billions are processed and accounts payable is one process which mid to large size companies cannot avoid. Additionally, one has to go through each and every email, download invoices, verify and extract the data manually and finally, process it for payments.
"By 2020, the average person will have more conversations with bots than with their spouse". *Source: https://www.gartner.com/smarterwithgartner/gartner-predicts-a-virtual-world-of-exponential-change/