That’s echoed by findings in the PYMNTS Intelligence report Window of Opportunity: Gaining AR Transparency Through Automation, which revealed that by adopting digital and automated processes, companies can close visibility gaps and build stronger relationships with suppliers and customers. More than three-quarters of surveyed CFOs said that AR automation improves invoice tracking, for example.The majority of manufacturers are considering AI in the near future.
The momentum is undeniable, Geoff Brannon, CFO at Rootstock find your mobile number database Software, told PYMNTS during another episode of A Day in the Life of a CFO.According to Brannon, AI agents are being embedded within ERP products to automate administrative tasks such as inventory procurement and payments.The technology is advancing quickly, he said. It’s exciting to see how it’s transforming industries traditionally tied to legacy systems.
The marketplace is responding to the notion of AI agents already. On Tuesday Jan. , WiseLayer announced it had raised million to continue developing its own task-specific AI agents designed for finance and accounting teams. WiseLayer’s digital workforce includes six agents specializing in accruals and revenue recognition; discrepancies and financial anomalies; bank reconciliations; fixed asset depreciation and amortization; lease accounting; and prepaid expenses.
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