Attention all Accounts Payable Analysts! Prepare to embrace the future of invoice processing with Oracle’s Intelligent Account Combination Defaulting.
Oracle’s Intelligent Account Combination Defaulting leverages AI and machine learning to streamline invoice processing. It automatically predicts and fills in account code combinations, reducing manual entry errors and saving time. This innovation enhances efficiency and accuracy in financial operations, particularly beneficial for roles like yours in global risk management, where precision in financial data is crucial.
Leveraging cutting-edge Artificial Intelligence and Machine Learning algorithms, Oracle has revolutionized the way you work with accounts payable invoices. The new AI feature predicts and automatically fills in the segment values for your account code combinations, based on no-PO invoice lines.
- Here’s how it works: AI algorithms analyze historical data patterns and other influencing factors, defaulting segment values only when they exceed a dynamically calculated confidence score threshold. This ensures a high level of prediction accuracy, streamlining your process without sacrificing precision.
Experience the benefits of this intelligent feature:
- Dramatically reduce entry time and accelerate invoice readiness
- Enhance the accuracy of the account combination entries
- Minimize “think time” for the user