Gen AI in financial and procurement workflows enhances efficiency and accuracy by automating invoice processing and data extraction. By integrating with accounting and procurement systems, these AI-powered invoice processing tools reduce manual effort, minimize errors, and improve data accuracy for better spend analysis and budgeting. This approach not only extracts key data from invoices, purchase orders, and contracts but also reduces manual data entry errors and improves processing speed, enhances financial visibility and budgeting accuracy, saves time for procurement and finance teams, and supports compliance by ensuring accurate record-keeping.