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How to use AI in AP?

AI Industry-Specific Solutions > AI for Professional Services1 min read

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Key Facts

  • AI in accounts payable can reduce processing costs by 81% and speed up processing times by 73%.
  • The AI in AP market is an $8.3 billion industry, signaling rapid growth and widespread adoption.
  • 78% of CFOs believe integrating AI into AP processes is crucial for financial operations.
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xt-ink/75 leading-relaxed blog-key-fact-item">87% of mid-sized organizations plan to invest in AI-powered AP tools within the next 12 months.
  • 86% of fully ERP-integrated companies report strong cash flow visibility, compared to just 33% of non-integrated peers.
  • 72% of organizations are already using AI in AP or finance, with workflow automation (58%) and data extraction (44%) leading adoption.
  • Only 55% of businesses have scaled AI in AP, while 45% remain in pilot or early implementation stages.
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