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WRITTEN BY
Incture
18th Aug 2023
Order to Cash (O2C)
The O2C process involves all stages of a customer transaction, from order placement to payment collection. Generative AI can streamline this process by automating tasks such as order management, invoicing, and payment processing.
Source to Pay (S2P)
S2P encompasses the entire procurement process, from supplier selection to payment processing. Generative AI can enhance this process by automating supplier evaluation, contract negotiation, and invoice processing.
Generative AI is transforming enterprises by automating and optimizing core business processes such as R2R, D2O, O2C, H2R and S2P. The integration of generative AI in these processes is enhancing efficiency, reducing costs, and driving innovation. As enterprises continue to embrace digital transformation, the adoption of Generative AI will undoubtedly play a critical role in shaping the future of business operations.