Remove 2027 Remove Accounts Payable Remove Invoice Processing
article thumbnail

A Beginner’s Guide to APIs for Finance Pros 

AvidXchange

In accounts payable (AP) automation , an API plugs into different software programs, unlocks the data and turns on the communications between them so they can connect and share information and functionality. Valued at $194 billion in 2019, the market is projected to rise to $933 billion by 2027. between 2020 and 2027.

AP 52
article thumbnail

What is Intelligent Document Processing?

Nanonets

The manual process of collating this information requires a significant amount of time and resources, ultimately underutilizing or burdening a company's most valuable asset - its human talent. According to Straits Research , the worldwide market for Intelligent Document Processing (IDP) was valued at USD 1,035.81

article thumbnail

What is business spend management?

Nanonets

Processing accounts payable and accounts receivable on time ensures stable cash flow, reducing the need to borrow money. Spend management helps identify savings opportunities and protects companies from cash leaks and inefficiencies in the spending process. from 2020 to 2027, reaching USD 3.97