The retail industry is today, one of the most vibrant industries pushing for innovation backed with considerable investment in e-commerce, mobile and supply chain technologies.
Allocating human workforce in executing repetitive manual tasks across the digital workflow is a critical issue as companies concentrate on digitizing the business operations, keeping automation technologies at bay. But currently, this issue is slowly getting fixed as companies are more shifted towards investing in implementation of automation technologies to automate repetitive processes. They attain this mostly with Robotic Process Automation. It can be expected that in near future, Artificial Intelligence for invoice processing will be much more advanced and will have more salient features, including detection of fault transactions, predictive analytics on spending trends, and auditing expenditure. The growing possibilities to implement Artificial Intelligence for invoices are nearly infinite: from cleaning invoice payments and making them primary, the entire processes are based on a set of internal rules to monitor financial and bankruptcy risks by analyzing the balance. RPA coupled with Artificial intelligence has very high potentials of revolutionizing the business process automation landscape.