Is Your Current AP Process Truly Automated?

Is Your Current AP Process Truly Automated? Here’s How SAP Concur Solutions Can Help

Businesses are confronting economic uncertainty from geopolitical tensions, tariffs, and other factors arriving in the wake of higher inflation and interest rates. With efficiency, cost control, and agility at a premium, organizations now envision accounts payable as not just an essential function but as a driver of profitability. The potential of artificial intelligence (AI) is fueling that view, with 73% of CFOs saying AI has positively impacted cost and risk reduction.

Your finance team can gain resilience and balance higher transaction volumes, new vendors, and new payment types with deadlines and cost control if they automate accounts payable (AP) tasks. Traditionally, AP is one of the last finance functions to be automated, but that is changing as organizations pursue efficiency, productivity, and every edge they can. With automation expected to handle up to 80% of routine tasks within a few years, it’s essential to understand the capabilities of a truly automated invoice management solution and how it affects AP.

What does truly automated AP look like?

When your invoice processing is fully automated, you can minimize frustrating moments spent chasing paper and replace them with moments of simplicity and efficiency, so your people can focus their time on more strategic work. To learn more about improving employee productivity and satisfaction and driving sustainable business growth, download our brochure, Is Your Current AP Process Truly Automated?