Where does AI fit in the cost and value agenda?

KPMG

In a recent insight, the firm looks at where AI fits in the cost and value strategy. According to KPMG, on the cost-out side, ‘traditional’ AI (if we can call it that) can be applied in some powerful ways. For example, in Finance where AI-enabled tools can scan invoices and contracts, look for overpayments, duplicate payments and amounts not billed in line with contract terms.

It also has a big role to play across Procurement and the supply chain in terms of running analyses and comparisons of pricing, discounts, and service and performance levels.

Read more on their website.