AI-powered invoice data extraction is transforming the accounts payable (AP) process by automating the manual entry of invoice data, which reduces time and resources required for data entry. This technology uses machine learning algorithms and optical character recognition (OCR) to accurately capture and interpret data from invoices. Benefits of this automation include enhanced accuracy, cost savings, faster processing times, and improved cash flow management. The adoption of AI-driven tools is becoming essential for organizations to remain competitive in the evolving financial management landscape.