SAP Concur Releases Guide to Assess Accounts Payable Automation
A SAP Concur blog post provides a guide to assess accounts payable (AP) automation levels. Citing survey data, it notes that the average company processes 252 vendor invoices per month, spends 13 hours per week processing them, and takes 11 days to get sign-off approval for payment from receipt. The article categorizes AP automation into four levels: little to no automation, some automation, fully automated, and AI-enhanced automation, and provides characteristics and upgrade suggestions for each. It also mentions that after implementing an automated invoice management solution, 36% of businesses cited finance/accounting employee time savings as a top benefit, 46% cited increased employee s…
Impact and considerations
For corporate finance and IT leaders, assessing and advancing AP automation levels can help improve operational efficiency, reduce costs, and enhance employee experience. The benchmark data and tiered framework in the article can serve as a reference for companies.
Key points
- The average company processes 252 vendor invoices per month, spends 13 hours per week processing them, and takes 11 days to get sign-off approval for payment from receipt.
- AP automation is categorized into four levels: little to no automation, some automation, fully automated, and AI-enhanced automation.
- After implementing an automated invoice management solution, 36% of businesses cited finance/accounting employee time savings as a top benefit, 46% cited increased employee satisfaction, there was a 24% reduction in late invoice payments, and 11% cost savings through supplier-negotiated rates.
Sources and time
- Primary source
- SAP Concur
- Other sources
- 0
- First source publication
- 7 Dec 2022, 19:28
- Page published
- 14 Aug 2026, 08:29
- Last updated
- 7 Dec 2022, 19:28
- Original links
- SAP Concur Blog：Is Your Accounts Payable Automated Enough? Let’s Find Out. (opens in a new tab)Primary source · en · Published 7 Dec 2022, 19:28