Ardent Partners: 2024 AP Trends Center on AI and Agility
The Ardent Partners report 'Accounts Payable 2024: BIG Trends and Predictions,' sponsored by SAP Concur, says AI and automation will deepen their impact on accounts payable, allowing AP teams to focus on strategic decision-making. Report topics include AI and digital transformation, fraud prevention, supply chain shifts, tightening invoicing standards, best-practice sharing, data value and AP career development. The report says AP is becoming a 'hub of intelligence' as well as a 'center of efficiency.'
Impact and considerations
The report offers finance and AP leaders 2024 trend insights to help plan AI investment, fraud prevention and supply chain agility strategies.
Key points
- The report predicts AI and automation will deepen their impact on accounts payable.
- AP teams can use automation to focus on strategic decision-making.
- Fraud attempts are at an all-time high, businesses are expected to invest more in prevention, and AI can play a role in detection.
- Supply chains are predicted to keep shifting, and automation can improve AP agility.
- Many countries are setting or tightening invoicing standards.
- AP teams can share best practices through user communities and industry networks.
- Improved reporting tools make AP a 'hub of intelligence' as well as a 'center of efficiency.'
- Strategic roles in AP offer career development opportunities for professionals.
Sources and time
- Primary source
- SAP Concur
- Other sources
- 0
- First source publication
- 13 Mar 2024, 17:22
- Page published
- 14 Aug 2026, 08:16
- Last updated
- 13 Mar 2024, 17:22
- Original links
- SAP Concur Blog：Top AP Trends and Predictions Center on AI and Agility (opens in a new tab)Primary source · en · Published 13 Mar 2024, 17:22