The Value of Automating Your AP Process

A SAP Concur blog post discusses the value of automating the accounts payable (AP) process. Citing an AMI-Partners survey of 420 companies across five countries, it finds that automating invoicing delivers significant benefits: savings of more than $34,000 annually ($1,100 for every 100 invoices processed), a 16% reduction in time spent on invoice management, 54% of companies reporting improved analytics, and 46% finding increased employee satisfaction. The article emphasizes that AP solutions should go beyond automation to improve underlying processes and support mobile access.