BUSINESS

8 ways your AP process leaks spend – and how AI can prevent it

Today’s companies put huge efforts into negotiating the best terms with their suppliers. Procurement teams regularly spend weeks or months going back and forth on contract terms and volume discounts to get the most bang for their buck. Too often, these savings aren’t realized. Suppliers may ignore the negotiated terms when invoicing, and AP teams, faced with a deluge of invoices and limited time to get payments out the door, only sample select transactions and only do basic 2 or 3 way matching of volume and price. This inevitably means costly invoice problems fall through the cracks — from mismatched invoice and contract terms, to unapplied discounts, to completely bogus charges, and more.
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Ferrari’s Fastest V12 Production Car Ever: The 812 Superfast

While the 812 Superfast is no longer the fastest production Ferrari ever, having been supplanted by the 950 horsepower electric-hybrid twin-turbo V8 SF90, it still holds the title of the fastest V12 production car Ferrari has ever built. While that may seem like a subtle distinction, I can assure you it is not. As driving exhilaration goes, you simply cannot discount the impact the auditory experience has on the driver, passenger, and lookers-on. Pupils dilate. Adrenaline increases. Heads turn.
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