Can a touchless invoice process — powered by AI — be trusted without human intervention?
We had a look at our own product data to uncover the true impact of AI in invoice processing.
Here’s what we found.
Key takeaway
According to Rillion data, AP teams using AI are up to 90% more accurate at predicting account coding. This means nearly all non-PO invoices automatically receive the correct account code, including dimensions like cost center, VAT code, and more.
With all that newfound time on their hands, these teams can shift focus to more value-adding activities.
AP teams are adopting AI to work smarter
Look, we’re not here to take anyone’s job.
We simply want to show you a better way to process invoices. And we have the numbers to back it up.
Over the past year, we’ve seen a rise in AI adoption in the accounts payable process. The results tell us that efficiency and accuracy have gone up.
With AI, AP teams have become 90% better at predicting accurate invoice coding proposals. That’s almost twice as good.
And what happens when efficiency goes up? Costs per invoice go down. It’s a win-win for your business.
Bahroz Abbas Hussain, CFO of the LEGO Group, commented on this report by saying a few words we can’t agree more with:
The future of finance isn’t about working harder, it’s about working smarter.
Challengers of the status quo will be the winners in 2025
Think about it.
If your AP team could generate coding proposals almost twice as accurate as before — without lifting a finger — how much time would that save?
No more manually adding account codes or fixing human errors (they happen — nobody’s perfect).
Instead, your team could shift its focus to priorities that truly move the needle:
- Strengthening supplier relationships.
- Optimizing spending and cash flow management.
These are the strategic tasks that will set companies apart in 2025 and beyond.
Kristian Gylling, CFO at Rillion, comments:
The number one priority for CFOs in 2025 should be to automate the invoice workflow without losing control. AI makes it possible at a fraction of the cost.
What’s The Finance Lab?
The Finance Lab by Rillion is your go-to source for finance automation insights. Each month, we deliver bite-sized reports designed for CFOs and finance leaders, packed with the latest trends in finance and accounts payable automation.
Our insights are backed by real-world data from Rillion’s platform and surveys of finance leaders across the US and EMEA.
