Is Your Accounts Payable Automated Enough? A Guide to AP Automation
SAP Concur publishes a guide to help businesses assess their accounts payable (AP) automation level. The article notes that most companies still rely on manual processes, leading to inefficiency and increased costs. By evaluating automation across four levels, businesses can progressively improve efficiency, compliance, and spend visibility. Adopting automated solutions saves time and costs, and leveraging AI and machine learning further optimizes risk management, auditing, and tax compliance.
Impact and considerations
For finance teams, automating AP reduces manual errors, improves efficiency, and enhances spend control, a key step in digital transformation.
Key points
- On average, companies process 252 vendor invoices monthly, spend 13 hours per week, and take 11 days for approval.
- Nearly two-thirds of companies still process invoices using paper.
- After automation, finance teams save 134 hours per week and $43K annually, with ROI in 7 months.
- AI can automatically scan transactions to identify risks and compliance issues, improving audits and tax management.
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