Aite Matrix: Accounts Payable Automation Solutions

AP automation technology is evolving to address unmet business needs and challenges.  

January 17, 2023 – Whoever helps a business manage its invoices will win a long-term relationship and likely direct its payments. Technology providers have started to understand and solve for the unmet needs of AP departments, providing significant value to clients while also building platforms that are likely to materially alter the business-to-business payments market within the next two to five years. This Aite Matrix report aims to highlight and identify the providers of AP automation solutions that are strongly suited to lead the way.

Leveraging the Aite Matrix, a proprietary Aite-Novarica Group vendor assessment framework, this Impact Report evaluates the overall competitive position of five vendors, focusing on vendor stability, client strength, product features, and client services. This report profiles Basware, Paymode-X (Bottomline), FIS Global, Tipalti, and Yooz.

Clients of Aite-Novarica Group’s Commercial Banking & Payments service can download this report and the corresponding charts.

This report mentions Finastra and Finexio.

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