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PairSoft Launches Innovative AI Agents for Financial Automation

In a significant advancement for financial automation, PairSoft, an established leader in accounts payable (AP), procurement, and payments automation, recently unveiled a novel range of AI agents tailored for financial processes. This new offering aims to streamline operations and enhance productivity within finance departments by integrating seamlessly into existing ERP systems like Oracle, Microsoft Dynamics, NetSuite, Blackbaud, Sage Intacct, and Workday.

The AI agents operate within PairSoft’s renowned AP automation and eInvoicing solutions, which have gained popularity among mid-market and enterprise organizations around the globe. The introduction of these intelligent agents marks an important step towards enhancing PairSoft's overall technology ecosystem, which enables users to optimize their workflows effectively. Deepti Vedala, the Director of Global AI at PairSoft, emphasized that these agents would significantly reduce manual labor across several critical functions in the accounts payable process.

“Immediate functionality will minimize the manual workload associated with general-ledger (GL) coding, purchase-order (PO) matching, and invoice approval tasks. These repetitive small tasks often hinder finance teams' ability to focus on larger-scale initiatives, making AI the perfect solution for streamlining decision-making processes,” said Vedala.

Historically, users of AP automation software have found themselves grappling with the tedious task of manually entering GL codes for each transaction. With the introduction of PairSoft’s AI-driven tool, this process is automated. The AI analyzes historical invoice data from the users, allowing it to predict the appropriate GL codes. Furthermore, it can automatically retrieve PO matches at the line level and assign invoice approvers within a user group based on the same historical data.

Sami Peltonen, the Chief Product Officer at PairSoft, elaborated on the company’s vision for these AI capabilities, stating, “Agentic AI is the first step in our broader AI strategy. The investments we are making in automated intelligence are critical, not only for advancing PairSoft’s technology but also for adapting to the evolving needs of CFOs.”

The team at PairSoft envisions that AI will not supplant the strategies of CFOs but will rather enhance them. Peltonen believes that “spend management, for instance, will always require human oversight. We see AI as a vital component of a holistic organizational strategy, rather than as a substitute.”

Existing users of PairSoft can easily access this new AI functionality by coordinating through their account managers. Additionally, future clients can look forward to incorporating AI capabilities into their systems right from the onset of their implementation process.

This innovative move by PairSoft showcases their commitment to helping businesses optimize their procure-to-pay workflows through intelligent automation. Their mission is to be the top choice for financial departments aiming to take control over their processes while also ensuring full visibility and sustainability within B2B transactions. By marrying advanced technology with practical applications, PairSoft is setting a new standard in financial automation.

For more information on PairSoft and how their AI-driven solutions can benefit your financial processes, visit PairSoft's official website.