Press Release29 May 2024, 05:36 pm
Intellect Design Arena Launches Revolutionary eMACH.ai-Powered iCPX & iAPX Platforms for Procurement & Accounts Payable
AI Summary
Intellect Design Arena Ltd, a cloud-native FinTech company, has announced the launch of two cutting-edge Al-powered platforms, iCPX and iAPX, using its eMACH.ai open finance platform. These platforms apply 'First Principles' Thinking and Intellect's own Purple Fabric Al platform to transform procurement and accounts payable operations for large and mid-sized enterprises. iCPX is a source-to-pay platform that aims to reimagine the corporate procurement ecosystem, while iAPX, the world's most comprehensive Al-led Accounts Payable Platform, offers unprecedented accuracy and efficiency in the accounts payable process.
Key Highlights
- Intellect Design Arena launches iCPX and iAPX platforms using eMACH.ai, the largest open finance platform.
- iCPX is a purpose-driven, open API-based source-to-pay platform, while iAPX is a patented Al-led Accounts Payable Platform.
- These platforms use 'First Principles' Thinking and Intellect's Purple Fabric Al platform for innovation.
- iCPX aims to reimagine the corporate procurement ecosystem, while iAPX offers unprecedented accuracy and efficiency in accounts payable.
- iAPX eliminates duplication and discrepancies of invoices by up to 98% and reduces time, cost, and compliance concerns of enterprises.