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SAP Concur: How AP Automation Is Fueling Strategic Procurement
1reports1reporting sources2023-10-17Update
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Low AP automation means gaps in spend visibility and compliance control, and automation investment will affect procurement negotiating power, long-tail spend management, and audit efficiency.
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10月17日
- SAP Concur BlogSAP Concur: How AP Automation Is Fueling Strategic Procurement
A SAP Concur article notes that expanding spending channels and payment methods, a decentralized workforce, and new vendor scrutiny have made procurement more complex. It says fewer than 20% of organizations have fully automated AP processes and 70% of global invoice processing is still paper based; AP automation reduces processing time by an average of 16%, cuts invoice processing costs by an average of 29%, and delivers up to 20% cost savings by reducing non-compliant spend.