GEP Launches AI-driven AP Automation Platform To Significantly Cut The Cost Of Accounts Payable Operations

CLARK, N.J., July 23, 2020 /PRNewswire/ — GEP, a number one supplier of procurement and provide chain technique, software program and managed providers to Fortune 500 and Global 2000 enterprises worldwide, introduced the launch of its next-gen accounts payable (AP) automation platform to handle the market’s want for a cloud-native answer that leverages synthetic intelligence and machine studying to enhance and pace up AP operations. GEP SMART™ AP Automation allows multinational firms to ship a superior person expertise, cut back fraud and compliance danger, drive efficiencies in bill administration, and decrease the processing value per bill.

By making the AP performance of GEP SMART — the business’s main end-to-end cloud procurement software program platform that processes hundreds of thousands of invoices yearly — accessible as a stand-alone platform, GEP is offering a confirmed answer for firms with a urgent must rapidly and simply improve their AP operations, as the primary stage of their digital transformation. GEP’s AP Automation seamlessly integrates with all main enterprise useful resource planning (ERP) software program, to speed up firms’ digital transformation.  

“Value-driven companies want a modern, proven AP platform that drives digital transformation without breaking the bank or disrupting their entire technology ecosystem,” says Dmitriy Lerman, Director of AP Product Management at GEP. “GEP’s AP Automation solution is not an upgrade of a legacy system. It is a fresh approach that leverages the power of huge advances in process-enabling technologies — it is AI-native and built from the ground up in the cloud, so it is not only an intelligent, very powerful solution, it is astonishingly cost-efficient, easy to deploy and update.”

GEP’s stand-alone AP Automation answer, constructed within the Microsoft Azure cloud, allows multinationals to:

  • Scale operations with synthetic intelligence/machine studying that automates bill processing and reconciliation, international tax and regulatory compliance, and bolsters fraud controls.
  • Slash prices from the again workplace by reducing whole value of AP operations with quicker bill processing.
  • Drive person adoption and enhance provider administration with easy-to-use interfaces, dashboards and customizable workflows.
  • Integrate rapidly and seamlessly into preexisting ERP, monetary and third-party platforms.
  • Continue their long-term digital transformation program by upgrading their AP automation answer affordably and decrease the whole value of possession.

GEP AP Automation is now accessible for buy and implementation. To be taught extra, visit our website.

About GEP SOFTWARE

GEP SOFTWARE gives award-winning digital procurement and provide chain platforms that assist international enterprises change into extra agile, resilient, aggressive and worthwhile.

With superbly rendered interfaces and versatile workflows, GEP® gives customers contemporary, intuitive digital workspaces that yield extraordinary ranges of person adoption and significant good points in group and private productiveness.

GEP merchandise capitalize on machine studying and cognitive computing, superior knowledge and semantic applied sciences, IoT, cellular and cloud applied sciences, and are designed to include continuous improvements in expertise.

GEP’s software program integrates rapidly and simply with third-party and legacy techniques, corresponding to SAP, Oracle and all different main ERP and F&A software program. And with excellent assist and repair, GEP is an business chief in buyer satisfaction and loyalty.

A frontrunner in a number of Gartner Magic Quadrants, GEP’s cloud-native software program and digital enterprise platforms constantly win awards and recognition from business analysts, analysis corporations and media shops, together with Gartner, Forrester, IDC, Procurement Leaders and Spend Matters.

GEP SOFTWARE is a part of Clark, NJ-based GEP — the world’s main supplier of procurement and provide chain technique, software program and managed providers. To be taught extra, go to www.gepsoftware.com.

Media Contact

Al Girardi
Vice President, Marketing & Analyst Relations
GEP
Phone: +1 732-382-6565
Email: [email protected]

SOURCE GEP

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Related Links

http://www.gep.com

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