Infosys BPM introduces AI Agents to ensure better efficiency, accuracy in invoice processing
Infosys BPM, the business process management arm of Infosys, has on Friday announced the launch of AI agents for invoice processing within its flagship Infosys Accounts Payable on Cloud solution.
Powered by Infosys Topaz, the innovation would redefine invoice processing by moving from a human-driven, AI-supported model to an autonomous AI-first approach, said the company.
According to Infosys BPO, designed to operate autonomously, the solution leverages AI agents equipped with advanced decision-making capabilities to handle complex business scenarios with precision and speed.
Autonomous AI-first approach enables end-to-end workflow management, allowing AI agents to handle dynamic processes, adapt to changing business logic, and perform intricate tasks with minimal human oversight, claimed the company.
This solution was developed in close collaboration with Americana Restaurants, the largest out-of-home dining and quick service restaurant operator across the Middle East, North Africa, and Kazakhstan, with more than 2,600 restaurants. Building on the successful deployment of Accounts Payable on Cloud solution for Americana, Infosys BPM was now integrating Agentic AI to make their invoice processing largely autonomous, further enhancing its efficiency and accuracy, it further said.
Anantha Radhakrishnan, CEO & Managing Director, Infosys BPM, said, 'With the introduction of Agentic AI into Infosys Accounts Payable on Cloud solution, we are redefining what is possible in the finance and accounting functional domain. By integrating Infosys Topaz with a purpose-built multi-agent framework, along with Microsoft's AI stack, we've developed a solution that is autonomous by design, responsive to change, and built to evolve.''
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
21 hours ago
- Time of India
Infosys founder Narayana Murthy on why he sees no difference between management and technology graduates
Infosys co-founder NR Narayana Murthy has emphasized that management and technology graduates are equally valuable in an AI-driven world, arguing that both disciplines tackle problems at different but complementary levels rather than competing with each other. In his conversation with MoneyControl, the tech veteran dismissed any hierarchy between the two fields, stating that artificial intelligence creates opportunities for both streams of professionals. "I do not see any difference between a management graduate and a technology graduate because they attack the problem at different levels," Murthy explained. Different approaches, shared goals in problem-solving The 78-year-old industry pioneer outlined the distinct yet interconnected roles each group plays in organizational success. "One asks 'what,' while the other focuses on 'how.' Technical people look at 'how,' and the management graduates look at 'what,'" he clarified, highlighting how both perspectives are essential for comprehensive problem-solving. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Buy Brass Idols - Handmade Brass Statues for Home & Gifting Luxeartisanship Buy Now Undo Murthy positioned AI as the great equalizer that enhances capabilities across disciplines rather than favoring one over another. "AI is primarily a technological marvel. It is all about improving productivity. It is all about solving problems that are beyond human effort," he noted, suggesting that both management and technical professionals can leverage AI to amplify their respective strengths. Optimistic outlook for India's brightest minds The Infosys founder expressed strong confidence in India's educational output, regardless of specialization. "So, both are needed. And given that these are some of the brightest people that we have in the country, I am very, very positive," Murthy stated, reflecting his belief that the country's talent pool spans across multiple disciplines. His comments come at a time when debates about the relative value of different educational backgrounds intensify amid rapid technological advancement, with Murthy's perspective offering a more inclusive view of professional competencies in the modern workplace. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Economic Times
a day ago
- Economic Times
Accenture shares tank 11% despite beating Q3 revenue estimates. Infosys ADRs fall 3%
Accenture reported revenue of $17.7 billion for the quarter ended May 31, compared with the analysts' average estimate of $17.30 billion. Accenture's shares plummeted despite exceeding third-quarter revenue expectations, driven by AI-related service demand. The company faces challenges from reduced U.S. federal contracts. Consequently, Indian IT ADRs like Infosys also declined, while domestic IT stocks showed mixed performance, with gains in tier-2 companies and HCL Technologies, contrasting with losses in Infosys and LTIMindtree. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Accenture shares fell 11% on Friday, hitting the day's low of $273.19, notwithstanding a revenue beat for third quarter driven by growing demand for the consulting giant's AI-driven services from enterprise reported revenue of $17.7 billion for the quarter ended May 31, compared with analysts' average estimate of $17.30 billion, Reuters reported, citing data compiled by company is grappling with a weak U.S. federal contracting environment as the Trump administration has slowed new contracts and cut existing agreements in a bid to reduce federal spending, the report said, adding that the company said these changes have not had a material impact on its operations or financial indices on Wall Street were trading mixed, with the Dow 30 at 42,225.90, up 54.23 points or 0.13%. The S&P 500 was down 9.35 points or 0.16%, while the Nasdaq Composite traded at 19,464.10, down 82.13 points or 0.42%, around 12:23 PM GMT-4 (9:54 PM IST).Taking cues, the American Depository Receipts (ADRs) of India's frontline IT companies, Infosys and Wipro , were also down. While Infosys ADRs were down 3% to hit the day's lows of $17.89, Wipro ADRs were marginally down at 0.33%.Indian headline indices ended their three-session losing streak on Friday, led by bank, energy and IT stocks. Individually, HDFC Bank and Reliance Industries (RIL) contributed the most. While Nifty gained 319.15 points or 1.29% to close at 25,112.40, the 30-stock S&P BSE Sensex finished at 82,408.17, rising by 1,046.30 points or 1.29%.Indian IT stocks today ended with strong gains, with tier-2 stocks taking the lead. Persistent Systems jumped 3.5% and was followed by Coforge , which rallied 2%. Mphasis was also up by over 1% at the closing largecap stocks, HCL Technologies was the top gainer, rising by 1.3%.Others, including Oracle Financial Services Software (OFSS), Tech Mahindra Tata Consultancy Services (TCS) and Wipro, settled with gains up to 0.8%.Among laggards were Infosys and LTIMindtree, which closed in the 10-stock Nifty IT index ended with an uptick of 0.84%.
Time of India
a day ago
- Time of India
Accenture shares tank 11% despite beating Q3 revenue estimates. Infosys ADRs fall 3%
Accenture shares fell 11% on Friday, hitting the day's low of $273.19, notwithstanding a revenue beat for third quarter driven by growing demand for the consulting giant's AI-driven services from enterprise customers. It reported revenue of $17.7 billion for the quarter ended May 31, compared with analysts' average estimate of $17.30 billion, Reuters reported, citing data compiled by LSEG. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like If You Eat Ginger Everyday for 1 Month This is What Happens Tips and Tricks Undo The company is grappling with a weak U.S. federal contracting environment as the Trump administration has slowed new contracts and cut existing agreements in a bid to reduce federal spending, the report said, adding that the company said these changes have not had a material impact on its operations or financial condition. Major indices on Wall Street were trading mixed, with the Dow 30 at 42,225.90, up 54.23 points or 0.13%. The S&P 500 was down 9.35 points or 0.16%, while the Nasdaq Composite traded at 19,464.10, down 82.13 points or 0.42%, around 12:23 PM GMT-4 (9:54 PM IST). Taking cues, the American Depository Receipts (ADRs) of India's frontline IT companies, Infosys and Wipro, were also down. While Infosys ADRs were down 3% to hit the day's lows of $17.89, Wipro ADRs were marginally down at 0.33%. Live Events Indian headline indices ended their three-session losing streak on Friday, led by bank, energy and IT stocks. Individually, HDFC Bank and Reliance Industries (RIL) contributed the most. While Nifty gained 319.15 points or 1.29% to close at 25,112.40, the 30-stock S&P BSE Sensex finished at 82,408.17, rising by 1,046.30 points or 1.29%. Indian IT stocks today ended with strong gains, with tier-2 stocks taking the lead. Persistent Systems jumped 3.5% and was followed by Coforge , which rallied 2%. Mphasis was also up by over 1% at the closing time. Among largecap stocks, HCL Technologies was the top gainer, rising by 1.3%. Others, including Oracle Financial Services Software (OFSS), Tech Mahindra , Tata Consultancy Services (TCS) and Wipro, settled with gains up to 0.8%. Also reads: TPG offloads Rs 1,505 cr stake in Sai Life via block deals; Norges Bank, MFs step in Among laggards were Infosys and LTIMindtree, which closed in the red. The 10-stock Nifty IT index ended with an uptick of 0.84%.
