The January 2023 Aite-Novarica Group report uses its Aite Matrix framework to assess five accounts payable automation vendors: Basware, Paymode-X (Bottomline), FIS Global, Tipalti, and Yooz. AP automation is growing as businesses seek to streamline invoice management, a key driver for B2B payments. Solutions show high retention rates above 90% due to strong ROI. Pricing models, especially per-item billing, are critical for adoption, with first-year costs ranging from $9,000 to $90,000. Global AP automation spending is projected between $22.5 million and $60 million in the next year, with Tipalti named best-in-class.

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