Navigate through and come out stronger from a recession with AI in Accounts Payable
Navigating a recession or economic downturn can be quite treacherous for organizations. Zycus’ RRR framework, emphasizing AI in Accounts Payable, enables companies to evaluate their cost structure, prioritize investments for productivity, generate insights, and facilitate a modern work environment. This is pertinent to accounts payable function, specific automation initiatives as well.
A leading Insurance provider is a good case in point, they implemented Zycus’ Framework in their day-to-day operations and achieved:
- Higher savings of about $100k (GBP 83k or EUR 94k) by eliminating duplicate payments
- Increased early-payment discounts by leveraging favorable terms for quick payments
- Reduced the number of vendor management FTEs by 87%.
Read our Exclusive eBook to gain insights into how to navigate through recession with the help of AI in Accounts Payable!
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Navigating a recession or economic downturn can be quite treacherous for organizations. Zycus’ RRR framework, emphasizing AI in Accounts Payable, enables companies to evaluate their cost structure, prioritize investments for productivity, generate insights, and facilitate a modern work environment. This is pertinent to accounts payable function, specific automation initiatives as well.
A leading Insurance provider is a good case in point, they implemented Zycus’ Framework in their day-to-day operations and achieved:
- Higher savings of about $100k (GBP 83k or EUR 94k) by eliminating duplicate payments
- Increased early-payment discounts by leveraging favorable terms for quick payments
- Reduced the number of vendor management FTEs by 87%.
Read our Exclusive eBook to gain insights into how to navigate through recession with the help of AI in Accounts Payable!
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