Transaction risk intelligence
Automated supplier statement reconciliation
Supplier risk intelligence
Managed AP recovery audit
Supplier file performance review
Forensic risk analysis
Consulting and bespoke reporting
Updated in May 2026
The AI revolution is here. We’ve seen the gradual rise of the Alexa, Gemini, Siri, Sora, and the meteoric rise of LLMs, generative AI, and agentic AI.
But this isn’t The Matrix, or Terminator, and Hal9000 isn’t about to take over the finance function of your company. And the reason is simple. Because it isn’t an ‘us vs them’ scenario. Or at least it shouldn’t be.
During the industrial revolution, workers worried that machines would take over their jobs. But people adapted and evolved. Instead, they ran the machines and fixed them when they broke. Automation simply makes us faster, able to delegate menial tasks and spend time on what needs more focus.
Much like that period, we can assume the same principle. Rather than taking over our jobs (or the world), can help us complete tasks faster, with better precision, using more advanced techniques. Used in conjunction with us, rather than instead of us, we can be more productive than ever, without compromising the quality of the output.
At FISCAL, we’ve worked with AI for almost 20 years, and we view AI as a tool to augment your work. To take control of your AP function and empower your AP team. It can be used to automate a process, read invoices, create visuals, give feedback, link different sets of data, find errors, and more.
So how can you implement this in your daily life in AP?
5 ways that you can work in tandem with AI in Accounts Payable:
1. Data extraction from invoices
Move over OCR, AI can extract data from your invoices with a higher level of precision. This is because AI understands context, whereas OCR simply converts images to text, where accuracy is dependent on the quality of the original document. AI can piece together information from lower quality scans and differing layouts, recognising familiar patterns.
It enables you to get down to the work of processing the invoice instead of spending time on data entry.
2. Statement reconciliation
Automating statement reconciliation can make the process 12x quicker, and did you know that AI can help speed up the process? As well as extracting the data from your invoices, AI can also extract it from your statements and then compare the two sets of data in seconds to find any errors or issues.
Working in tandem with AI here means that you can deftly find exactly what needs attention. In statement rec, that’s the equivalent of finding needles in haystacks.
It can also communicate with your suppliers to request statements, reply where needed, and follow up on any discrepancies to be looked into.
3. Fraud detection
As we’ve said before, AI is incredible at looking for discrepancies and nowhere is it clearer than when detecting fraud. There are several ways for this to be completed, from simple checks like looking for rounded amounts, to noticing when a price changes unexpectedly.
4. Creating reports
So, you could pop all your data in AI and create beautiful reports with set layouts, colours and boundaries. Or, you could do this in dedicated software like FISCALs, where an AI agent takes your written word and creates tables and graphs on your behalf.
With this, you can take leaps and bounds in process improvement with error code analysis. You could even use AI to analyse the data from these reports to recommend where to look next to solve issues.
5. Connecting to your data
Taking our previous entry one stage further, software providers now offer Ai connectivity, allowing your team to connect with the software data through Claude, Copilot, Gemini, or any AI. This opens up a world of possibility that’s only limited by your imagination (and the controls your IT team have set in your AI).
In FISCAL’s software, for example, you are able to pull report data and analyse it, perhaps creating your own branded visuals for the board with multiple report findings on it. You could use it to find one piece of information, such as how many suppliers currently have invoices which are showing as risky, and which are the top 3 suppliers by amount of risks.
How to use AI in Accounts Payable
AI isn’t a threat to your livelihood. If used properly, it can help, not hinder. It can act as a partner, rooting out issues and helping you prevent problems further down the line.
While you can create AI agents, the best way to utilise AI and not have to deal with it when it goes wrong it to use the experts.
You guessed it – that’s us. Our tried and tested AI based technology forensically analyses your AP data to:
- Find fraud, errors and duplicates.
- Automatically reconcile supplier statements.
- Create bespoke reports.
It’s that essential control layer before you pay suppliers – one that pays off immediately by preventing fraudulent and duplicate payments.
You and your team use the software to enhance your daily to-do’s, our experts look after the algorithm, keep it up to date, and add new features. It’s Accounts Payable Automation Software that you can count on to go beyond simple dupe checkers and 3-way matching.
