SAP Concur: How AP Automation Is Fueling Strategic Procurement
A SAP Concur article notes that expanding spending channels and payment methods, a decentralized workforce, and new vendor scrutiny have made procurement more complex. It says fewer than 20% of organizations have fully automated AP processes and 70% of global invoice processing is still paper based; AP automation reduces processing time by an average of 16%, cuts invoice processing costs by an average of 29%, and delivers up to 20% cost savings by reducing non-compliant spend.
Impact and considerations
Low AP automation means gaps in spend visibility and compliance control, and automation investment will affect procurement negotiating power, long-tail spend management, and audit efficiency.
Key points
- The SAP Concur article notes that expanding spending channels and payment methods, a decentralized workforce, and new vendor scrutiny have made procurement more complex.
- It says fewer than 20% of organizations have fully automated AP processes and 70% of global invoice processing is still paper based.
- AP automation reduces processing time by an average of 16%, cuts invoice processing costs by an average of 29%, and delivers up to 20% cost savings by reducing non-compliant spend.
- It cites 2022 research by Ardent Partners saying it costs approximately $9.25 to process an invoice.
Sources and time
- Primary source
- SAP Concur
- Other sources
- 0
- First source publication
- 17 Oct 2023, 18:48
- Page published
- 14 Aug 2026, 08:21
- Last updated
- 17 Oct 2023, 18:48
- Original links
- SAP Concur Blog：How AP Automation is Fueling the Era of Strategic Procurement (opens in a new tab)Primary source · en · Published 17 Oct 2023, 18:48