2023 AP Automation Trends: Over 80% Still Manually Key Invoices
The 2023 Accounts Payable Automation Trends report, conducted by the Institute of Financial Operations & Leadership (IFOL) and sponsored by SAP Concur, found more than 80% of AP teams still manually key invoices into ERP or accounting software. 51% of AP teams process between 500 and 5,000 invoices per month, 56% spend more than ten hours a week processing invoices, and 41% spend over ten hours a week processing supplier payments. The report says that although AP teams recognize technology can improve invoice management, the rate and speed of automation failed to pick up much pace over the last three years.
Impact and considerations
The data shows AP automation penetration remains low and manual processes consume significant work hours, offering a benchmark for finance digital transformation.
Key points
- More than 80% of AP teams still manually key invoices into ERP or accounting software.
- 51% of AP teams process between 500 and 5,000 invoices per month.
- 56% of AP teams spend more than ten hours a week processing invoices, and 41% spend over ten hours a week processing supplier payments.
- The report was conducted by IFOL and sponsored by SAP Concur, examining global AP automation and AI adoption shifts.
- Although AP teams recognize technology can improve invoice management, the rate and speed of automation failed to pick up much pace over the last three years.
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