Accounts Payable Invoice Automation Solution with AI Integration

The purpose of this RFP is to solicit offers for an Accounts Payable (AP) Invoice Automation Solution with integrated artificial intelligence (AI) capabilities. The University of North Carolina at Chapel Hill (UNC-CH) Accounts Payable (AP) department, is seeking proposals from qualified vendors for the purpose of obtaining information and bids to implement a comprehensive AP invoice automation solution. The selected solution will replace the University’s current invoice submission system and must integrate seamlessly with the University’s ERP system, PeopleSoft. UNC-CH is looking to procure a commercially available software solution that streamlines and manages the entire invoice-to-payment lifecycle. The successful solution must leverage AI to reduce or eliminate manual data entry, accelerate approval workflows, ensure compliance with University and regulatory requirements, and facilitate secure, timely vendor payments.