APA Blogs

Elon Musk spoke recently about AI as our “biggest existential threat”. Further, about its development, he said, “It’s like summoning the demon”. This is quite a surprise, especially coming from such a forward-thinking person as Mr. Musk. His belief is that intelligent machines could land up “using humans as pets”. A concerning thought.

Professor Stephen Hawking was another advanced mind who foretold of technological disaster threatening humankind that would ensue with “near certainty”.

Some people are doomsayers when it comes to anything AI, and predicting that millions of jobs will be lost.

The very digital nature of many industries and workplaces is charting our AP map to new courses, there is no doubt about that. A vast number of businesses have changed their systems and processes to be mostly automated and more are following suit with each passing month.

First and foremost, with the speed at which robotics and artificial intelligence (AI) is increasing its position in our daily life, this is set to catapult AP departments to increasing levels of automation during the course of the year.

Here are some more changes we

The most important aspect of companies investing in the skills of tomorrow is to avoid a spiralling skills crisis. One of the main reasons to write a post on this subject is because of the numerous companies who place zero importance on training their staff or providing the opportunity to improve their skills.

Of course this training could prove expensive for companies, yet it is usually in their best interest. Not all staff within the AP department would be eligible for training, but training schedules, incentives and other strategies could be

AI in AP

Artificial intelligence (AI) has been a buzz word for some time now, but it’s becoming more and more interesting in the accounts payable realm. It is literally changing the future of AP with some exceptional results such as improved efficiency, smoother processing of accounts, quicker processing times and additional data insights to name a few. And more productive and engaged staff members is just one of the trends we are beginning to see in companies increasingly implementing AI within their AP departments.

AI within AP has some truly amazing

AP Association 2018 Conference Round-up

Jamie Radford’s Welcome

The conference kicked off with an enthusiastic welcome by Jamie Radford, addressing the room of an amazing 220 delegates – 3 times as many attendees as last year! This only goes to prove how important conferences like this are. As the leading accounts payable resource in the UK, Accounts Payable Association will continue to provide industry-leading courses and run conferences and other workshops including this APA Conference (which is now CPD accredited and that’s a big step forward for AP Association). The current courses

The move towards implementing robots in businesses can be both frightening and exciting. Many people are scared about what the future holds for work life if robots are able to take over part or all of their job function. Robots can take over various functions but what they can’t do is the cognitive side of what a human can do.

For this reason they will likely never completely take over job roles and humans will always be needed to oversee and complement what robots do. Artificial intelligence is on the move

Identifying the top five areas where business lose out on employee expenses is the focus for a forthcoming webinar session by webexpenses’ Tom Price.

The expenses specialist is taking part in a special APA (Accounts Payable Association) event that’s designed to share knowledge on smarter ways to manage such a difficult area of company finances.

It’s a knowledge that’s based on webexpenses’ vast experience, helping organisations throughout the globe to effectively manage, monitor and police their employees’ out-of-office costs.

How to control expense costs

The details of the webinar, presented by APA CEO Jamie