SAP Concur: Using AI to Automate AP
SAP Concur blog discusses how AI can automate accounts payable processes to reduce costs, errors, and improve compliance. It notes the average cost to manually process a single supplier invoice is £9, while AI can automatically capture invoices, provide dashboard views, and flag issues. Businesses using Concur Invoice reported an 18% increase in policy compliance and a 46% improvement in staff productivity.
Impact and considerations
For finance and AP teams, AI automation can significantly reduce manual data entry, lower fraud risk, and improve efficiency, especially in remote work environments.
Key points
- The average cost to manually process a single supplier invoice is £9.
- AI can automatically capture invoices, provide dashboard views, and flag issues, reducing human error.
- Businesses using Concur Invoice reported an 18% increase in policy compliance and a 46% improvement in staff productivity.
- The average supplier invoice has around 70 data points; AI can process large volumes of data automatically.
- 38% of SMBs believe they will go out of business if they don't adapt to new technologies.
Sources and time
- Primary source
- SAP Concur
- Other sources
- 0
- First source publication
- 29 Jun 2022, 19:47
- Page published
- 14 Aug 2026, 08:36
- Last updated
- 29 Jun 2022, 19:47
- Original links
- SAP Concur Blog：Using AI to Automate AP (opens in a new tab)Primary source · en · Published 29 Jun 2022, 19:47