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Firms audit
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stanley ca cesses and outdated technologies risk missing the chance to flag erroneous or fraudulent submissions from vendors and employees.Deploying technology 鈥?especially artificial intelligence AI 鈥?can streamline the auditing process and boost cost savings significantly.As AppZen noted in a recent report titled The State of AI in Business Spend, companies that do not use AI audit only 10 percent of their spending.The data was based on expense report, contract and invoice audit data from billions of transactions across hundreds of enterprise customers from April 1, 2019, through June 30, 2019, AppZen said.Firms that do leverage AI to dig deeper through deep learning and natural language processing into their spending trends are, in fact, able to audit nearly all invoices and expenses, the report found.Moreover, in terms of the larger picture, more than 96 percent of enterprise spend beyond that of payroll is related to accounts payable; 3.7 percent of the remainder is TE related.AI, according to the findings, can flag 8.7 percent of expenses as high risk, tied to duplicative spending or as being unauthorized. 聽Similarly, about 4 percent of invoices are flagged as high riskIn an interview, AppZen Chief Marketing Officer Jamie Barnett noted that although AI technology is relatively new,聽 its triggering more interest because its able to complete the manua
stanley termos l review that no one could or wanted to do previously. That comes against a ba Wxpp Neiman Marcus Data Hack Impacts 4.6M eCommerce Consumers
Consumers are rediscovering their love for cash in the wake of the recent retail data breaches.As more data breaches become public, consumers are finding themselves increasingly less trusting of card-based payment systems, the聽New York Timesreported on Feb. 2.Various consumers, several of whom the Times interviewed, are even taking cash-only pledges to avoid having their sensitive
stanley quencher information compromised.The Times reached out to Visa, asking whether it had data showing an increase in cash use. The issuer declined to release any information, saying current usage
stanley quencher rates are in line with seasonal expectations.Get the latest data-breach news by clicking聽here.What Hot is aggregated content. PYMNTS claims no responsibility for th
stanley quencher e accuracy of the content published by the original source.
