Making the Case for AP Automation at Your Company
A SAP Concur blog post notes that automating accounts payable reduces paper and manual entry, fewer lost invoices and late fees, more early pay discounts, increased efficiency, and a more accurate cash flow view. It cites data: invoice processing time decreased by 82% to 3.1 days per invoice, cost per invoice decreased by 80% to $2.78, and invoice exceptions decreased by 59% to 9%. Another study shows companies with automated AP process 64% more vendor invoices monthly, over 66% of teams reported cost decreases, with average savings of 20%. The article suggests building the case with efficiency and savings data plus a 'what's in it for you' strategy.
Impact and considerations
AP automation can significantly reduce processing costs and time while improving cash flow visibility. For finance leaders, it is a key investment for enhancing operational efficiency and strategic decision-making.
Key points
- AP automation reduces paper, manual entry, lost invoices, and late fees, and increases early pay discounts.
- Invoice processing time decreased by 82% to 3.1 days per invoice.
- Cost to process each invoice decreased by 80% to $2.78 per invoice.
- Invoice exceptions decreased by 59% to just 9%.
- Companies with automated AP process 64% more vendor invoices per month.
- More than 66% of teams reported cost decreases, with average savings of 20%.
- Building the case requires efficiency and savings data plus a 'what's in it for you' strategy.
Sources and time
- Primary source
- SAP Concur
- Other sources
- 0
- First source publication
- 11 Jan 2023, 16:59
- Page published
- 14 Aug 2026, 08:27
- Last updated
- 11 Jan 2023, 16:59
- Original links
- SAP Concur Blog：Making the Case for AP Automation at Your Company (opens in a new tab)Primary source · en · Published 11 Jan 2023, 16:59