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2024 accounts payable automation trends report: key takeaways
1reports1reporting sources2024-06-25Update
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The report data reflects progress and bottlenecks in AP automation, offering reference value for finance and spend management teams evaluating automation investments and AI adoption timing.
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6月25日
- SAP Concur Blog2024 accounts payable automation trends report: key takeaways
An accounts payable automation trends study sponsored by SAP Concur and conducted by IFOL found 52% of AP professionals now spend fewer than ten hours per week processing invoices, down from 62% a year earlier; manual invoice entry into ERP or accounting systems fell to 60% from 85% in 2023. 64% of respondents cited stress from outdated processes as their biggest hurdle, and 40% pointed to strained vendor relationships. Only 7% currently use AI for spend management, but 40% are considering adoption within the next year.