SAP Concur: AI-Powered AP Automation Boosts Invoice Processing
SAP Concur published a guide on accounts payable automation outlining five steps: assessing the current AP process baseline, defining automation goals, understanding AI's role in invoice processing, gaining insights through spend visibility and integration, and maintaining flexibility to navigate uncertainty. It cites data that businesses adding automated AP solutions to an integrated travel and expense platform process 64% more invoices monthly and achieve average savings of 20%.