Shelby Named as AI-Based Accounts Payable Invoice Automation Vendor in Gartner's 2020 Hype Cycle

Gartner’s 2020 Hype Cycle for Procurement and Sourcing Solutions* names The Shelby Group in AI-Based Accounts Payable Invoice Automation (APIA) report. In this report, Gartner says, "AI-based APIA solutions can significantly reduce the effort and time required to get an invoice approved for payment. Reduction in manual effort for invoice digitization, matching, and exception approval can result in substantial cost reduction for invoicing processing.” APIA has been identified as a “high benefit rating” with benefits including:

  • "Lower Cost Per Invoice"
  • "Head Count Reduction"
  • "Early Payment Discounts from Suppliers"
  • "Implementation of Dynamic Discounting Programs"
  • "Reduction of Invoice Processing Cycle Time"

The Shelby Group is honored to be recognized as one of the eight vendors noted to have “AI-Based Accounts Payable Invoice Automation” capabilities through our Digital Invoice tool. In addition, Shelby's Digital Invoice is the only one that is certified to work with Coupa.

*Gartner, Hype Cycle for Procurement and Sourcing Solutions 2020, By Micky Keck, Patrick Connaughton, Kaitlynn Sommers, 31 July 2020 GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, and is used herein with permission. All rights reserved.

GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, and is used herein with permission. All rights reserved.