Quadrant Knowledge Solutions Reveals that Account Payable Market is Projected to Register a CAGR of 10.5% by 2027.
Accounts payable automation offers organizations with complete visibility to control the entire financial process and data collection. It manages the invoice and payment processing with a single digital platform that helps enterprises secure long-term performance. Accounts payable automation also prevents fraud by assigning specific employees for invoice approval, which reduces the possibility of fraud and enables the user to check the data twice. Accounts payable automation also seamlessly integrates with existing ERP systems, eliminating the need to log in and log out of different applications. Additionally, AP automation helps organizations look for early payment discounts and achieve cost savings with its robust automation capabilities.
Table of Contents
Chapter 01: Research Summary
2023 Market Outlook: Top Research Findings and Key Takeaways