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Why AP automation is critical for maritime finance

Written by Eye-share | May 16, 2025 1:23:40 PM

In a sector defined by complexity, tight margins, and global operations, maritime finance teams are under more pressure than ever to deliver accuracy, speed, and control. Manual processes are no longer sustainable, and automating accounts payable (AP) has become an important strategic
priority.

Discover how automation and explainable AI is bringing clarity and control to your financial operations.

From manual pain points to smart control

Automating Accounts Payable (AP) is about optimizing the full life cycle: from invoice receipt and approval to posting and payment. What used to be manual and time-consuming is now handled
faster and more reliably through automation, reducing cost, cycle time, and human error. At the same time, finance gains greater visibility, oversight and control.

Shipping and maritime finance teams face unique challenges: multi-currency invoices, global supplier networks, long payment cycles, and strict compliance standards. In this environment, automation isn’t just about speed – it’s about visibility and trust. That’s where explainable AI (XAI) is changing the game.

 

What is XAI - and how does it bring clarity and control?

XAI is the new standard for trustworthy automation in finance, and it’s already helping maritime leaders simplify complexity, reduce risk, and scale with confidence. Today’s leading finance teams are turning to XAI, not only to automate repetitive AP tasks, but to ensure that every decision
made by the system is transparent and trusted.

Unlike traditional AI, which gives a result without explanation, XAI makes its reasoning clear. 

Traditional AI provides a result, but not the reasoning behind it. XAI, on the other hand, delivers both the outcome and the rationale. Here's an example:


An invoice is flagged. Why?
– “The VAT percentage is unusually high compared to previous invoices from this supplier.”


Finance teams working in the maritime sector operate in a world of detail, scrutiny, and accountability. The stakes are high, and so is the volume.


With XAI finance professionals can take action with confidence, because they understand why an invoice was coded the way it was, or why it ended up for approval where it did.

To rely on AI confidently, transparency is essential. 

 

Top benefits of XAI

Stronger trust in automation: Understand the why behind every decision, not just the outcome.

Faster decisions, fewer blockers: No more guesswork or back-and-forth. Explanations are available on the spot.

Better audit and compliance support: Every automated suggestion or action includes context - ideal for documentation and control. 

It's time to expect more from automation -  and XAI delivers!

 

The missing piece in your maritime tech stack

At Eye-share, automation has always driven our development, but automation is more than efficiency - it’s all about smarter control. Our flagship platform, eye-share Workflow, automates up to 100% of your AP invoice process, but how far you go is up to you.


Most maritime finance teams find optimal ROI with 70–90% automation: standard invoices flow automatically, while exceptions are escalated with full transparency. At the core of this automation is a powerful AI engine that combines the clarity of XAI with the power of GenAI. Together they form the intelligent backbone of our AP automation software.

 

Why eye-share?

 

  • End-to-end AP automation
    Automates the full process—from invoice receipt to approval, coding, and payment.
  • GenAI support and real-time guidance
    Offers smart suggestions as you go, making it easier to get things right the first time.
  • XAI-driven insights and transparency
    Shows the reason behind every decision, so you’re never left guessing.
  • Enables mobile approvals on the go
    Approve invoices anytime, anywhere—no need to be at your desk.
  • AI-powered fraud detection and compliance support
    Flags potential issues early and helps you stay in control.
  • Adapts to your business rules and workflows
    Easily configure the system to match how your team works.
  • Integrates with 80+ platforms
    Connects seamlessly with major ERPs and maritime tools you already use.
  • Secure, cloud-based SaaS
    Built for scalability, remote access, and sustainable operations.

 

Our goal is simple: to help you automate AP smarter, not just faster, with full control over every step.