Now’s the Time to Modernize Accounts Payable: Say Goodbye to Manual Invoice Processing

Seventy percent of U.S. businesses plan to leverage accounts payable (AP) automation solutions by the end of 2024.

AP automation has long promised efficiencies, visibility, and enhanced control over the handling of supplier invoices. The technology is advancing rapidly and can deliver meaningful returns on investment, operational improvements, and easier paths for shifting payments from paper to electronic.

This report helps businesses understand the key value proposition of AP automation solutions, focusing on how they can improve business processes, best practices for successfully modernizing AP at the operational level, and creating measurable return on investment. It draws on the author’s in-depth knowledge of the industry and subject matter and includes data extrapolated two Datos Insights surveys: a Q3 2023 online survey of 301 employees of U.S. midsize and large corporations and a Q1 2023 online survey of 1,006 employees at small to midsize businesses.

Clients of Datos Insights’ Commercial Banking & Payments service can download this report.

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