Rho, a finance platform, has unveiled new artificial intelligence (AI)-driven accounts payable (AP) automation capabilities for chief financial officers (CFOs) and finance teams.
The new AP automation capabilities to be made available later this month will allow customers to set up one-click workflows that help finance teams in processing thousands of payables in seconds.
Besides, the capabilities will help finance teams to better manage cash flows and compliance, while also centralising their end-to-end financial operations, all from the Rho platform.
Rho product and design senior vice president Rishav Chopra said: “As companies grow, their finance teams are under immense pressure to scale their operations in parallel.
“Today’s announcement supports our commitment to delivering a world-class, integrated platform that experienced finance teams trust to help them get more done.”
The Rho platform will provide customers with AI-driven invoice and bill processing as well as enterprise resource planning (ERP)-connected bill processing.
Its two-way accounting sync guarantees that vendor information remains consistent between Rho and the customer’s ERP system at all times.
According to Rho, processing vendor payments is as seamless as managing corporate cards, expenses, banking, and treasury owing to the combination of the platform’s multi-level approval support, multi-entity capabilities, and payment options.
Furthermore, the all-in-one finance platform plans to introduce global payments, local currency support, and three-way match capabilities for accounts payable later this year to improve user experience.
Based in the US, Rho supports finance teams with technology by offering corporate cards, expense management, accounts payable, banking, and treasury in one integrated platform.
