Cognitive Computing and Accounts Payable

Cognitive computing—an umbrella term for computerized models leveraging self-learning algorithms, data mining, pattern recognition, and natural language processing to imitate human thought processes—is gaining momentum in finance processes such as accounts payable (AP) thanks to its remarkable ability to accelerate and improve high-volume decision making. This infographic presents data highlights from APQC's Open Standards Benchmarking survey in Accounts Payable and Expense Reimbursement.