Auditoria.AI and Workday Expand Partnership to Help Transform Finance Functions with AI Innovations

SAN JOSE, CA / ACCESSWIRE / June 26, 2024 – AUDITORIA.AI, a pioneer in automated, AI-powered intelligent apps for finance and a Workday, Inc. (NASDAQ: WDAY) Ventures partner, today announced a new agreement with Workday to enhance supplier management and accounts payable operations for customers. The reseller partnership will deliver a comprehensive AI solution to improve and help streamline specific accounts payable (AP) and general ledger (GL) functions to complement the capabilities of Workday Financial Management.

Introducing Auditoria.AI SmartBots for Workday Featuring AP Helpdesk and AP Accruals

Workday and Auditoria.AI are collaborating to bring impactful AI-driven solutions to market to propel corporate finance forward. By offering Auditoria.AI SmartBots for Workday, customers gain access to Auditoria’s AP Helpdesk and AP Accruals use cases to further simplify and streamline the work of accounts payable that is integrated with Workday Financial Management. Auditoria’s intelligent SmartBots are pre-trained to perform as “co-pilots” that understand finance and accounting terminology to streamline incoming AP email management, summarize email extraction insights such as intent detection, replies, and tasks, and speed up month-end close. It streamlines the workflow for finance professionals and protects against inaccurate or fraudulent activity, and dramatically simplifies vendor communication. 

“We are excited to announce our expanded partnership with Workday, making Auditoria’s AI-driven solutions available directly through Workday,” says Rohit Gupta, CEO of Auditoria.AI. “With AI playing a critical role in shaping the future of finance, we are working closely with Workday to transform operations in the finance office. 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 provides them with the competitive advantage of refocusing their time on critical strategy and analysis.”

The Auditoria.AI SmartBots for Workday include: 

• Auditoria’s AP Helpdesk, which uses SmartBots to streamline vendor email processing and request fulfillment using Natural Language Technologies and Generative AI. 
• Auditoria’s AP Accruals SmartBots collate month-end supplier data, monitor shared inboxes, and streamline monthly supplier accrual activity. This gives teams the advantage of closing the books faster while gathering audit-ready evidential data to meet companies’ compliance requirements.
• Workday’s touchless invoice processing capabilities, such as email ingestion and Optical Character Recognition (OCR) and intelligent invoice coding and work queues use AI to accurately read and interpret invoice data, expediting process time while continually improving accuracy. 

“We’re thrilled to partner with Auditoria.AI to help finance offices simplify their accounts payable operations with the help of AI,” says Andrew Kershaw, General Manager, Workday Financials at Workday. “By combining Auditoria.AI’s expertise with the Workday platform, we’re redefining the future of finance operations, empowering teams to focus on strategic value while streamlining critical processes.”

Customers see exponential improvements in the productivity and efficiency of accounts payable teams to manage the accounts payable inbox, allowing them to reduce processing time, reduce errors, and decrease the cost of processing invoices. These capabilities will also help reduce close time and eliminate manual, error-prone supplier accrual outreach processing. 

“Our goal at Denny’s is to boost the efficiency of our internal teams, allowing them to devote more time to strategic thinking and analytical tasks,” shared Jay Gilmore, Senior Vice President – Chief Accounting Officer & Corporate Controller at Denny’s. “Auditoria stood out 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 adept at managing high volumes of emails and invoices. This has significantly enhanced control and has led to improvements in productivity, accuracy, and standardization across our accounts payable department.”

“It is becoming increasingly evident that partnerships are the linchpin to create AI-led transformative change for the office of the CFO,” says R “Ray” Wang, Founder, Chairman and Principal Analyst of Constellation Research. “Customers want to see their technology partners closely work together to bring game-changing solutions to the marketplace. In an era defined by rapid change and digital transformation, these partnerships are the impetus for innovation and efficiency, ushering in a new era where finance professionals focus on strategic value-added activities while sophisticated technology helps handle the tactical side.”

“Our minority interest investment in Auditoria.AI provides KPMG the opportunity to assist our clients in the use of AI and unlock the additional potential of their Workday Financial Management systems,” says David Cousineau, Workday Financials Practice Leader and Principal at KPMG LLP. “Auditoria.AI’s SmartBots are at the forefront of streamlining and optimizing financial processes, including vendor email management and processing large volumes of AP requests.”

In addition to launching Auditoria.AI SmartBots for Workday, Auditoria’s AP Helpdesk and AP Accruals are Workday certified and featured on the Workday Marketplace. Workday Financial Management customers can contact their account executives to learn more about this offering.

About Auditoria.AI

Auditoria.AI is the leader in intelligent applications for corporate finance, helping finance teams automate business processes in AP, AR, GL, and Vendor Management to accelerate cash performance. By leveraging natural language technologies, artificial intelligence, machine learning, OCR, and advanced RPA, Auditoria removes friction and repetition from mundane tasks while automating complex functions, and providing real-time visibility into cash performance. Corporate finance and accounting teams at leading companies including Blackbaud, Bring IT, Denny’s, Folio3, Freshworks, GameChange Solar, Momentum Telecom, UserTesting, and more use Auditoria to accelerate business value while minimizing heavy IT involvement, improving business resilience, lowering attrition, and accelerating business insights. Give your finance teams superpowers at Auditoria.ai.

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