North Carolina eVP #65-RFP062926KJM

UNC-Chapel Hill Seeks AI-Integrated AP Invoice Automation Solution

The University of North Carolina at Chapel Hill (UNC-CH) is seeking proposals for an Accounts Payable (AP) Invoice Automation Solution with integrated artificial intelligence (AI) capabilities. - Government Buyer: - The University of North Carolina at Chapel Hill - Accounts Payable Department, Division of Finance and Operations - Products/Services Requested: - Accounts Payable Invoice Automation Software with AI integration - Must be a commercially available solution - Integration with PeopleSoft ERP is required - Support for two- and three-way invoice processing - Use of OCR, AI, machine learning, and natural language processing for data extraction - Analytics and reporting features - Compliance with UNC policies and regulatory requirements - Secure, timely vendor payments - Handles approximately 110,000 invoices annually - Implementation, configuration, integration, testing, training, support, and performance monitoring services - Unique/Notable Requirements: - Solution must have SOC 2 Type II or equivalent security certification - Electronic-only proposal submissions - Vendor registration with North Carolina's Electronic Vendor Portal - Contract term: 3 years with up to 7 one-year renewal options - No specific OEMs or vendors are named in the solicitation.

Description

The University of North Carolina at Chapel Hill (UNC-CH) is soliciting proposals for an Accounts Payable (AP) Invoice Automation Solution with integrated artificial intelligence (AI) capabilities. The solution will replace the current invoice submission system and must integrate with the University's ERP system, PeopleSoft. The goal is to streamline and manage the entire invoice-to-payment lifecycle, leveraging AI to reduce manual data entry, accelerate approval workflows, ensure compliance, and facilitate secure vendor payments.

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