Coupa, specializing in spending management activities, announced that more than 100 innovative solutions based on artificial intelligence have been added to its platform.
Last Monday, August 26, the mentioned company issued a press release containing a statement by Fang Chang, the firm’s chief product officer, that the brand’s goal is to be a margin multiplier for every large and small business worldwide. In the corresponding context, it was noted that the specified goal includes the need for a constant focus on collaborative innovation with customers. Fang Chang also emphasized that companies are looking for new ways to drive profitable and sustainable growth as operating capital becomes increasingly limited as the dynamic of the marketplace continues to shift.
Fang Chang says that artificial intelligence is helping customers make smarter and more profitable decisions. One of the company’s new AI-based solutions is Coupa Navi. The solution is a productivity tool that improves customer interactions and speeds up document status and approvals searches. The company characterizes Coupa Navi as an always-available base for instant answers to queries.
Also, one of the new solutions based on artificial intelligence is the Contract Intelligence functional system. This system provides clients with risk-informed clause recommendations to eliminate potential problems. Contract Intelligence also offers to summarize legal agreements generated using machine intelligence.
Recently, artificial intelligence has become an increasingly important tool for workflows. It is very likely that already in the foreseeable future, the success of small and medium-sized businesses will depend on how companies of the corresponding categories implement machine intelligence in their business models. In this case, the right decision will be made by those companies that will rely on artificial intelligence apps that best suit their needs. Machine Intelligence can be a platform to enable sustainable and efficient business growth.
As we have reported earlier, JPMorgan Chase Rolls Out AI Assistant to Its Employees.
Serhii Mikhailov
Serhii’s track record of study and work spans six years at the Faculty of Philology and eight years in the media, during which he has developed a deep understanding of various aspects of the industry and honed his writing skills; his areas of expertise include fintech, payments, cryptocurrency, and financial services, and he is constantly keeping a close eye on the latest developments and innovations in these fields, as he believes that they will have a significant impact on the future direction of the economy as a whole.
