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Stock impact report

Basware Appoints Head of AI and CIO to Lead Innovation Drive [Yahoo! Finance]

Snap One Holdings Corp. (SNPO) 
Company Research Source: Yahoo! Finance
CHARLOTTE, N.C. and HELSINKI, Finland Feb. 28, 2024 /PRNewswire/ -- Basware , a global leader in AP automation and invoice processing, has announced the appointments of Anssi Ruokonen as its Director of AI Research and Enablement, and Barrett Schiwitz as its new Chief Information Officer (CIO). Ruokonen will further enhance AI technology within Basware's product and service offering, while Schiwitz will oversee Basware's digital transformation projects to deliver an ever-improving customer experience. Generative AI has the potential to generate upwards of $4.4 trillion across all industries, according to McKinsey . Basware's AI strategy is centered around expanding its innovation lead within its product offering and doing better with its customer experience. The company is already utilizing AI through its SmartPDF system which automates the conversion of machine-readable PDFs to e-invoices with over 97 per cent accuracy, removing the need for outdated manual processes. Last yea Show less Read more
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