target audience: TECH SUPPLIER Publication date: Nov 2023 - Document type: Market Note - Doc Document number: # US51345823
Opportunities for Cash Flow Optimization and More Made Possible by Artificial Intelligence
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Abstract
This IDC Market Note analyzes a few of the ways that advanced technologies like generative AI and machine learning (ML) can be leveraged to streamline treasury processes and how those technologies are currently being utilized in the market. By integrating these advanced technologies, businesses can optimize their cash flow management for better insight into their financial standings, improve their risk management and fraud detection processes, and reduce the risk of noncompliance with automated reporting and regulation monitoring. AI and ML represent great opportunities for the treasury department to drastically improve their processes while increasing efficiency and reducing manual effort.