CFO Tech Outlook: xSuite Group among Top 10 Accounts Payable Solution Companies for 2021
xSuite was recognized by CFO Tech Outlook for its disruptive AP Solutions Technology
By: xSuite Group GmbH
AP technology continues to evolve as more businesses grow to understand the value of transitioning from slow, manual processes to using automation powered by AI and machine learning. xSuite was recognized by CFO Tech Outlook for its focus on modernizing these AP systems and paper-based processes. This is key for augmenting existing manual functions with new technologies that were not available before. The role of AI is quickly becoming more essential for navigating advanced AP automation functionality such as real-time data capturing.
Although the switch to remote work has left many organizations struggling to fulfill their in-voice processing, approvals and payments, xSuite helps to digitize and automate these paper-based processes. The company assists with document-based processes such as coding and invoice approvals to finalize them for payment. When a customer receives an invoice, xSuite's solutions convert data into usable vectors and route the information to SAP. This then triggers a workflow that initiates an approval process that further releases workflows for more incoming documents.
With over 60 million invoices processed annually in over 60 countries, xSuite works to increase data accuracy and mitigate risk for its clients. "Every company using SAP today needs a partner that has real insight into the intricacies of finance automation,"
xSuite's technology features state-of-the-
Ultimately, xSuite was included in CFO Tech Outlook's list of Top 10 Accounts Payable Solution Companies for its use of minimizing labor intensive workflows by optimizing innovative AP solutions. The list aims to assist organizations in finding accomplished AP solution providers in their pursuit of growth. CFO Tech Outlook includes insights from CIOs, CXOs in the financial and AP sector and reports on the latest industry-leading trends, best practices and expertise.
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