Top AP Trends and Predictions Center on AI and Agility
This SAP Concur blog post cites Ardent Partners' report, predicting that AI and automation will deepen their impact on accounts payable in 2024, bringing efficiencies and insights. It emphasizes AP's critical role in digital transformation and the importance of preparing for global uncertainty, supply chain shifts, and fraud risks.
Impact and considerations
Provides trend predictions for finance and AP teams to guide technology investment and strategic planning.
Key points
- AI and automation will deepen their impact on accounts payable, bringing efficiencies and insights.
- AP plays a critical role in digital transformation, providing value and improving operations.
- With fraud attempts at an all-time high, businesses will invest more in prevention, with AI playing a sizable role in detection.
- Supply chains are predicted to keep shifting, and automation and AI help AP teams respond with agility.
- AP teams are now 'hubs of intelligence' as well as 'centers of efficiency.'
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