Infographic
20 Key Stats on the State of Automation in Finance in 2024
The “State of Automation in Finance” report reveals key insights into the current state of AP automation among finance professionals, focusing on areas like increased productivity, improved accuracy, and cybersecurity. It highlights the rising need for digital payments, AP automation’s benefits, and challenges such as validation delays and lack of visibility. Key stats show that automation can significantly reduce manual errors, speed up approval times, and enhance financial oversight, positioning companies to better manage supplier relations and achieve cost savings.