Pioneer of automated and AI-powered intelligent applications for finance, AUDITORIA.AI And Workday, Inc. (NASDAQ: WDAY) Ventures, a partner, today announced a new agreement with Workday to enhance vendor management and accounts payable operations for customers. The reseller partnership will provide a comprehensive AI solution to enhance and help streamline specific accounts payable (AP) and general ledger (GL) functions to complement Workday Financial Management capabilities.
Introducing Auditoria.AI SmartBots for Workday with AP Help Desk and AP Rollups
Workday and Auditoria.AI are collaborating to bring to market powerful AI-powered solutions to advance corporate finance. By offering Auditoria.AI SmartBots for Workday, customers gain access to Auditoria’s AP Helpdesk and AP Accurals use cases to further simplify and streamline accounts payable work that is integrated with Workday Financial Management. Auditoria’s intelligent SmartBots are pre-trained to function as “co-pilots” that understand financial and accounting terminology to streamline the management of inbound AP emails, summarize email extraction information such as intent detection, responses and tasks, and accelerate month-end close. It streamlines the workflow of finance professionals, protects against inaccurate or fraudulent activity, and dramatically simplifies communication with suppliers.
“We are excited to announce our expanded partnership with Workday, making Auditoria’s AI-powered solutions available directly through Workday. » says Rohit Gupta, CEO of Auditoria.AI. “As AI plays a critical role in shaping the future of finance, we are working closely with Workday to transform finance operations. Powered by LLMs, specialized Small Language Models, and machine learning, Auditoria.AI SmartBots for Workday enables finance teams to take control of their accounts payable and accruals processes, but it also gives them the competitive advantage of refocus their time on strategy and critical tasks. analysis.”
Auditoria.AI SmartBots for Workday include:
- Auditoria’s AP Helpdesk, which uses SmartBots to streamline supplier email processing and request fulfillment using natural language technologies and generative AI.
- Auditoria’s AP Accruals SmartBots aggregate vendor month-end data, monitor shared inboxes, and streamline monthly vendor accrual activity. This gives teams the advantage of closing accounts faster while collecting audit-ready evidence to meet business compliance requirements.
- Workday’s touchless invoice processing capabilities, such as email ingestion and optical character recognition (OCR), as well as intelligent invoice coding and work queues, use the AI to accurately read and interpret invoice data, speeding up processing time while continually improving accuracy.
“We are excited to partner with Auditoria.AI to help finance offices simplify their accounts payable operations with AI. » said Andrew Kershaw, general manager of Workday Financials at Workday. “By combining Auditoria.AI’s expertise with the Workday platform, we are redefining the future of financial operations, enabling teams to focus on strategic value while streamlining critical processes.
Customers are seeing exponential improvements in the productivity and efficiency of AP teams to manage the accounts payable inbox, enabling them to reduce processing time, reduce errors, and lower the cost of processing invoices. These features will also help reduce closing times and eliminate manual, error-prone processing of supplier acquisition processes.
“Our goal at Denny’s is to increase the efficiency of our internal teams, allowing them to spend more time on strategic thinking and analytical tasks,” shared Jay Gilmore, Senior Vice President – Chief Accounting and corporate controller at Denny’s. “Auditoria has established itself as the optimal solution to automate and streamline our most cumbersome back-office operations. With Auditoria’s advanced GenAI technology and seamless integration with Workday, we are now able to manage large volumes of emails and invoices. This has significantly improved control and led to improvements in productivity, accuracy and standardization within our accounts payable department.
“It’s becoming increasingly clear that partnerships are the key to creating transformative AI-driven change for the CFO’s office,” says R “Ray” Wang, founder, president and principal analyst from Constellation Research. “Customers want to see their technology partners working closely together to bring game-changing solutions to market. In an era characterized by rapid change and digital transformation, these partnerships are driving innovation and efficiency, paving the way for a new era in which finance professionals focus on strategic, value-added activities while that sophisticated technology helps manage the tactical aspect.
“Our minority investment in Auditoria.AI provides KPMG with the opportunity to help our clients use AI and unlock the additional potential of their Workday financial management systems,” said David Cousineau, Practice Leader Workday Financials and Director at KPMG LLP. “Auditoria.AI SmartBots are at the forefront of streamlining and optimizing financial processes, including managing vendor emails and processing high volumes of AP requests.
In addition to the launch of Auditoria.AI SmartBots for Workday, Auditoria’s AP Helpdesk and AP Accurals are Workday certified and featured on the Workday Marketplace. Workday Financial Management customers can contact their account managers to learn more about this offering.
