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Fraud and Compliance Risk : A study by the ACFE found that 14% of fraud instances originated in accounting departments, with a median loss of $200,000 per instance. Lost Productivity: The average invoiceprocessing time in a manual environment can reach as high as 45 days. between 2022 and 2029.
According to a survey by Data Bridge Market Research , the accounts payable automation market is projected to reach a value of USD 5,809.38 million by 2029, with a compound annual growth rate of 10.8% between 2022 and 2029. What is Accounts payable automation or AP automation?
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