Digital technologies have been impacting procurement processes for some time. Organizations have started adopting cognitive procurement technologies like Big Data Analytics, Machine Learning, Artificial Intelligence, and Robotic Process Automation (RPA) to streamline the procurement process or provide insights for decision-making.
Using Aiwozo, procurement processes are automated to reduce costs and bring efficiency and transparency to the Procure to Pay (P2P) process. Our proprietary tool, FinBot, is an orchestration layer, working over existing ERP to provide capabilities of workflow and reporting to the legacy applications. Intelligent automation has further enhanced work that traditionally could not be automated in the P2P process due to unstructured data or image processing requirements.