{"id":561577,"date":"2024-09-30T11:07:43","date_gmt":"2024-09-30T10:07:43","guid":{"rendered":"https:\/\/ibsintelligence.com\/?post_type=ibsi_news&p=561577"},"modified":"2024-09-30T11:07:43","modified_gmt":"2024-09-30T10:07:43","slug":"airbase-launches-ai-led-touchless-ap-to-reduce-payment-fraud-risk","status":"publish","type":"ibsi_news","link":"https:\/\/ibsintelligence.com\/ibsi-news\/airbase-launches-ai-led-touchless-ap-to-reduce-payment-fraud-risk\/","title":{"rendered":"Airbase launches AI-led Touchless AP to reduce payment fraud risk"},"content":{"rendered":"

\"Airbase,Airbase<\/a>, the procure-to-pay solution for mid-market and larger organizations, has announced a new era in financial operations with its launch of AI-powered Touchless AP (accounts payable).<\/p>\n

According to Gartner, digital transformation will remain a top priority for 79% of finance leaders in 2024. Yet, despite the availability of AP automation solutions, finance teams continue to struggle with manual, time-consuming processes that prevent them from focusing on high-value strategic work, as highlighted by IDC.<\/p>\n

Airbase\u2019s new Touchless AP system addresses these frustrations by fully automating the entire AP lifecycle<\/a> from vendor onboarding to reconciliation, freeing finance teams to focus on business growth.<\/p>\n

\u201cOne of my founding principles at Airbase has been to rigorously apply the most advanced technology in building our procure-to-pay solution,\u201d said Thejo Kote, Founder and CEO of Airbase.<\/strong> \u201cBut we don\u2019t leverage technology for its own sake. Our goal is to use these advancements to help finance teams streamline the complex and risk-filled AP process, allowing them to focus on higher-value strategic work.\u201d<\/p>\n

Airbase\u2019s AI-powered touchless AP system is built to handle every step of the accounts payable process with minimal human intervention.<\/p>\n

Key features include:<\/p>\n