The Datos Matrix report evaluates five key vendors in AP automation and B2B bill payments, revealing strong market interest and innovation. One-third of businesses already use AP automation, with 54% showing interest, and 95% have budgets to improve payment processing. Vendors now offer integrated invoice-to-pay solutions, targeting both SMBs and mid-market firms. Financial institutions are investing heavily in payments modernization, with 96% spending over $20 million. Tipalti emerged as best-in-class. Strategic vendor partnerships and evolving tech capabilities are critical as businesses seek efficient, end-to-end AP and bill pay platforms.

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