Generative AI platforms can play a significant role in enhancing various aspects of procurement processes. These platforms leverage artificial intelli

Top 10: Generative AI Platforms in Procurement

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2024-07-09 21:30:07

Generative AI platforms can play a significant role in enhancing various aspects of procurement processes. These platforms leverage artificial intelligence (AI) and machine learning (ML) techniques to generate, analyse, and optimise procurement-related data, leading to more efficient and effective procurement strategies.

It's worth noting that while Generative AI platforms can offer valuable support in procurement processes, human expertise and judgement remain crucial. The technology should be seen as a tool to augment human decision-making and streamline processes, rather than a substitute for human involvement.

Basware, the go to provider for financial leaders to automate their complex and labour intensive invoice processes to achieve a new level of efficiency.

When it comes to AI and ML, Basware offers many capability benefits across the P2P cycle. From invoice capture and data extraction, to coding and matching, Basware’s innovative AL and ML technologies adds value for procurement and finance professionals to accelerate processing times, reduce the need for manual effort, and eliminate errors.