Miskeyed data can be expensive. It accounts for almost £40bn of revenue lost by UK businesses every year, with a further £25bn left on the table through poor data reconciliation or multiple versions of the truth.
Sage has added AI and machine learning to Intacct, its cloud-based accounting and ERP solution, to reduce the amount of time spent on AP data entry and minimize mistakes.
When its AI recognizes everything it needs, Intacct compares the captured details against existing transactions to ensure you're not going to repay an invoice that's already been settled.
Though Sage admits that the system isn't perfect yet, the integration of AI aims to streamline the data entry process, allowing for smarter, more efficient reviews.
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