Making the Case for AP Automation at Your Company

A SAP Concur blog post notes that automating accounts payable reduces paper and manual entry, fewer lost invoices and late fees, more early pay discounts, increased efficiency, and a more accurate cash flow view. It cites data: invoice processing time decreased by 82% to 3.1 days per invoice, cost per invoice decreased by 80% to $2.78, and invoice exceptions decreased by 59% to 9%. Another study shows companies with automated AP process 64% more vendor invoices monthly, over 66% of teams reported cost decreases, with average savings of 20%. The article suggests building the case with efficiency and savings data plus a 'what's in it for you' strategy.