Accounts Payable Automation Trends 2023
The 2023 Accounts Payable Automation Trends report, conducted by IFOL and sponsored by SAP Concur, reveals that over 80% of AP teams still manually key invoices into ERP/accounting software. Despite recognizing technology's benefits, automation has progressed slowly over three years. The report notes 51% of teams process 500-5000 invoices monthly, 56% spend over 10 hours weekly on invoice processing, and 41% spend over 10 hours on supplier payments.
Impact and considerations
The report reveals the lag in AP automation, providing data for businesses to assess automation investments and efficiency gains.
Key points
- Over 80% of AP teams still manually key invoices.
- 51% of teams process 500-5000 invoices per month.
- 56% spend over 10 hours weekly on invoice processing.
- 41% spend over 10 hours weekly on supplier payments.
Sources and time
- Primary source
- SAP Concur
- Other sources
- 0
- First source publication
- 8 May 2023, 19:12
- Page published
- 14 Aug 2026, 08:24
- Last updated
- 8 May 2023, 19:12
- Original links
- SAP Concur Blog：Accounts Payable Automation Trends 2023 (opens in a new tab)Primary source · en · Published 8 May 2023, 19:12