Procure-to-pay trusted AI walkthrough on video
Learn how AI reduces complexity in procure to pay automation.
The second episode in the Trusted AI series explores how AI-powered automation is revolutionizing the Procure to Pay (P2P) process area. In this session, Peter Cook, VP of Customer Success at Kognitos, and Ashish Singla, Global Head, F&A Practice, Business Transformation, Wipro delve into the critical aspects of the P2P process, highlighting why it is a prime candidate for automation and showcasing success stories that demonstrate real-world impact.
This event covers:
– An Overview of P2P
– Why P2P is a Great Fit for Next-Generation Automation
– Success Stories with AI in Production
Common questions
What is procure-to-pay and what does Kognitos automate in it?
Procure-to-pay (P2P) is the end-to-end cycle from purchase requisition through vendor payment. Kognitos automates purchase order processing, 3-way match (PO, goods receipt, invoice), exception handling for discrepancies, and payment instruction generation.
How does trusted AI matter for procure-to-pay?
P2P handles financial commitments. A hallucinating AI that misreads a PO quantity or invoice amount creates real financial exposure. Trusted AI means deterministic execution: the system does exactly what the process instruction says, with a full audit trail for every action.
What ERP systems does Kognitos support for P2P automation?
SAP (S/4HANA and ECC), Oracle Cloud ERP, Microsoft Dynamics 365, and NetSuite. Kognitos reads POs and goods receipts from the ERP, matches them against vendor invoices (PDFs, EDI, email), and posts matches or exceptions back to the ERP.
What is the ROI case for automating procure-to-pay with Kognitos?
Typical outcomes include 70 to 90 percent reduction in manual invoice processing time, same-day 3-way match vs a 3 to 5 day manual cycle, near-elimination of late payment penalties, and early payment discount capture enabled by faster cycle times.