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  1. Home
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  3. AP Automation Emerges As Enterprise Essentials
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AP Automation Emerges As Enterprise Essentials

Survey shows companies investing in AP Automation to ensure business continuity

By Albert Pang and Martin Zdravkovski -
July 1, 2020
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AP Automation, the modern technology that helps companies big and small around the world manage invoices and payments, is becoming more mission-critical than ever. Amid the economic downturn triggered by the pandemic, financial processes like account-payables workflow from invoice capturing to approvals and from reporting to internal control procedures are considered essential tasks that need to be automated to sustain business continuity.

A new survey of 500 global organizations underscores the fact that companies that have invested in AP Automation software tools are better equipped to ensure business continuity both from the perspectives of cost control and process efficiency.

Top reasons for deploying AP Automation
Top reasons for deploying AP Automation

In fact, the smaller a company, the more important it prioritizes the speed to process an invoice and the need to increase efficiency and performance of its financial management function, according to the survey results. Eighty-four percent of companies with less than $10 million in annual revenues(vs. 78% in general) said time to process an invoice is the key to improving their financial workflow, while 91% of respondents among companies with between $10 million and $100 million in annual revenues(vs. 87% in general) cited increased efficiency and performance as key attributes of implementing AP Automation tools.

A 80-person business process outsourcing company in New Jersey for healthcare providers reported that with the use of AP Automation tool from Stampli the amount of time that it takes to onboard its accounts for billing and business office management services has been cut from 20 minutes to 30 seconds.

The emphasis on speed and efficiency among smaller companies is particularly striking given that they only represent 37% of the companies surveyed. This suggests that given their limited resources, their ability to survive and thrive rests on as much as the time they can save and eliminate unnecessary finance-specific tasks and procedures in order to help these smaller companies focus more of their attention on customers and business at hand.

Partial list of the customers included in ARTW AP Automation Study

CustomerIndustryEmpl.RevenueCountryAP Product
Ackerman & CoConstruction and Real Estate100$30.0MUnited StatesAvidInvoice
Colliers InternationalConstruction and Real Estate15250$2.19BCanadaAvidInvoice
Island Hospitality ManagementProfessional Services3000$500.0MUnited StatesAvidInvoice
Wentworth Property ManagementBanking and Financial Services20000$2.00BUnited StatesAvidInvoice
SHE MediaCommunications250$50.0MUnited StatesAvidInvoice
SCM Real Estate ServicesConstruction and Real Estate15$2.0MUnited StatesAvidInvoice
BERG Toys B.V.Consumer Packaged Goods100$10.0MNetherlandsAXtension Invoice Processing
Musco Family Olive Co.Manufacturing350$40.0MUnited StatesAXtension Invoice Processing
NAGRA KudelskiProfessional Services3100$810.0MSwitzerlandAXtension Invoice Processing
RPC PromensConsumer Packaged Goods40$5.0MUnited KingdomAXtension Invoice Processing
Sempra LNGUtilities200$100.0MUnited StatesAXtension Invoice Processing
Terberg Business Lease Group B.V.Automotive180$20.0MNetherlandsAXtension Invoice Processing
ABBManufacturing147000$31.78BSwitzerlandBasware AP Automation
APIRetail3000$2.62BAustraliaBasware AP Automation
Boels RentalDistribution4000$476.0MNetherlandsBasware AP Automation
DivestGroupBanking and Financial Services150$11.0MFinlandBasware AP Automation
Mohawk Medbuy CorporationHealthcare250$45.0MCanadaBasware AP Automation
Compass Group USAProfessional Services288133$19.52BUnited StatesBeanworksAP
Fatigue ScienceProfessional Services50$5.0MCanadaBeanworksAP
Home Point Financial CorporationBanking and Financial Services1000$100.0MUnited StatesBeanworksAP
The Ford Plantation Club, Inc.Construction and Real Estate100$10.0MUnited StatesBeanworksAP
Trailer Wizards Ltd.Transportation200$20.0MCanadaBeanworksAP
Easter Seals Greater HoustonNon Profit247$19.0MUnited StatesBill.com
O&M Restaurant GroupRetail1000$120.0MUnited StatesBill.com
VenturityProfessional Services100$15.0MUnited StatesBill.com
Merchant eSolutionsProfessional Services350$120.0MUnited StatesBill.com
Tamara MellonRetail60$12.0MUnited StatesBill.com
Downtown Grand Hotel & CasinoLeisure and Hospitality1000$200.0MUnited StatesBirchStreet AP 3-Way Auto-Match
Francis Tuttle Technology CenterEducation450$30.0MUnited StatesBirchStreet AP 3-Way Auto-Match
Interstate Operating Company, L.PLeisure and Hospitality35000$3.30BUnited StatesBirchStreet AP 3-Way Auto-Match
The Peninsula New YorkLeisure and Hospitality550$80.0MUnited StatesBirchStreet AP 3-Way Auto-Match
Baptist Health South FloridaHealthcare23000$3.00BUnited StatesBottomline Paymode-X AP Automation
BIS IndustriesOil, Gas and Chemicals2000$300.0MAustraliaBottomline Paymode-X AP Automation
Oldcastle APGManufacturing5000$2.00BUnited StatesBottomline Paymode-X AP Automation
PQ CorporationManufacturing3279$1.57BUnited StatesBottomline Paymode-X AP Automation
Taubman CentersConstruction and Real Estate420$661.0MUnited StatesBottomline Paymode-X AP Automation
Bryan Cave Leighton Paisner LLPProfessional Services850$324.0MUnited KingdomChrome River Invoice
GrayRobinson, P.A.Professional Services600$320.0MUnited StatesChrome River Invoice
Stinson Morrison Hecker LLPProfessional Services300$263.0MUnited StatesChrome River Invoice
West Virginia University Foundation IncNon Profit100$20.0MUnited StatesChrome River Invoice
Penn Medicine, University of Pennsylvania Health SystemEducation30000$6.80BUnited StatesChrome River Invoice
DEFA ASManufacturing400$50.0MNorwayCompello Process
IF P&C Insurance Holding Ltd.Insurance6680$800.0MSwedenCompello Process
Mälardalens BostadsrättsforvaltningConstruction and Real Estate50$5.0MSwedenCompello Process
Ragn-Sells ABProfessional Services2500$620.0MSwedenCompello Process
Volkswagen Møller BilfinansBanking and Financial Services80$12.0MNorwayCompello Process
1st United BankBanking and Financial Services100$10.0MUnited StatesCorcentric Accounts Payable Automation
Baird and WarnerConstruction and Real Estate2900$1.60BUnited StatesCorcentric Accounts Payable Automation
Port of SeattleGovernment2150$670.0MUnited StatesCorcentric Accounts Payable Automation
University Physicians, IncEducation400$50.0MUnited StatesCorcentric Accounts Payable Automation
Transervice LogisticsDistribution1000$150.0MUnited StatesCorcentric Accounts Payable Automation
Allegheny Health NetworkHealthcare80000$18.78BUnited StatesCoupa Invoice
Avalon Health Care GroupHealthcare7000$600.0MUnited StatesCoupa Invoice
Cooper-Standard Holdings Inc.Manufacturing30000$3.63BUnited StatesCoupa Invoice
United Service OrganizationsNon Profit1000$100.0MUnited StatesCoupa Invoice
The Fresh Market, Inc.Retail13000$1.80BUnited StatesCoupa Invoice
Colliers InternationalConstruction and Real Estate15250$2.19BCanadaDooap AP Automation
Istekki OyProfessional Services600$110.0MFinlandDooap AP Automation
MaxPax LLCProfessional Services80$10.0MUnited StatesDooap AP Automation
SA Recycling LLCManufacturing1200$590.0MUnited StatesDooap AP Automation
Ernst & Young LLP (Singapore)Professional Services270000$36.40BUnited KingdomExFlow AX
Cavalier BremworthManufacturing1000$120.0MNew ZealandExFlow D365 FO
BenifyProfessional Services250$40.0MSwedenExFlow NAV
Evolution Gaming LatviaProfessional Services3456$102.0MLatviaExFlow NAV
FagronLife Sciences2000$478.0MNetherlandsExFlow NAV
Arjo Wiggins Diaper Papers SAManufacturing500$60.0MFranceKofax ReadSoft Invoices
BNP Paribas FortisBanking and Financial Services18000$8.81BBelgiumKofax ReadSoft Invoices
KBC GroupBanking and Financial Services34078$8.21BBelgiumKofax ReadSoft Invoices
L’OréalConsumer Packaged Goods86974$29.87BFranceKofax ReadSoft Invoices
TransMontaigneOil, Gas and Chemicals600$200.0MUnited StatesKofax ReadSoft Invoices
W. R. Grace & Co.Oil, Gas and Chemicals3700$1.72BUnited StatesKofax ReadSoft Invoices
Andrews DistributingDistribution1520$155.0MUnited StatesMediusFlow AP Invoice Automation
Beacon Roofing Supply, Inc.Distribution8147$7.11BUnited StatesMediusFlow AP Invoice Automation
Dynapac Compaction Equipment ABManufacturing1300$250.0MSwedenMediusFlow AP Invoice Automation
ElektaManufacturing4000$1.20BSwedenMediusFlow AP Invoice Automation
Fluiconnecto Holdings B.V.Distribution1350$222.0MNetherlandsMediusFlow AP Invoice Automation
LUSHConsumer Packaged Goods1401$550.0MUnited KingdomMediusFlow AP Invoice Automation
Apnea CareHealthcare130$11.0MUnited StatesMineralTree Invoice-to-Pay
Baltimore RavensLeisure and Hospitality1000$438.0MUnited StatesMineralTree Invoice-to-Pay
EverQuoteInsurance250$73.0MUnited StatesMineralTree Invoice-to-Pay
GoSPotCheckProfessional Services200$25.0MUnited StatesMineralTree Invoice-to-Pay
IPSYRetail3000$500.0MUnited StatesMineralTree Invoice-to-Pay
MGM Resorts InternationalLeisure and Hospitality82000$11.76BUnited StatesNvoicepay Payment Automation
Park Place DealershipsAutomotive2300$2.00BUnited StatesNvoicepay Payment Automation
Refinery29, Inc.Professional Services400$100.0MUnited StatesNvoicepay Payment Automation
Treadmaxx Tire DistributorsDistribution386$40.0MUnited StatesNvoicepay Payment Automation
VCC ConstructionConstruction and Real Estate600$100.0MUnited StatesNvoicepay Payment Automation
ApoteksgruppenRetail1000$120.0MSwedenOpusCapita Source-to-Pay AP Process Automation
Etola-yhtiötDistribution1300$510.0MFinlandOpusCapita Source-to-Pay AP Process Automation
Getinge Shared ServicesManufacturing500$80.0MPolandOpusCapita Source-to-Pay AP Process Automation
Stora Enso OyjManufacturing26096$11.03BFinlandOpusCapita Source-to-Pay AP Process Automation
Barona GroupProfessional Services10000$400.0MFinlandPalette AP Automation
Clas OhlsonRetail5000$891.0MSwedenPalette AP Automation
HartelaConstruction and Real Estate635$371.0MFinlandPalette AP Automation
Renta GroupProfessional Services650$220.0MFinlandPalette AP Automation
SportmasterLeisure and Hospitality30000$15.00BSingaporePalette AP Automation
USFarathaneManufacturing5100$850.0MUnited StatesPalette AP Automation
American Red CrossNon Profit19000$2.87BUnited StatesSAP Concur Invoice
ClouderaProfessional Services2947$479.0MUnited StatesSAP Concur Invoice
Code42Professional Services200$110.0MUnited StatesSAP Concur Invoice
Insite SoftwareProfessional Services115$20.0MUnited StatesSAP Concur Invoice
JPMorgan Chase & Co.Banking and Financial Services256720$115.63BUnited StatesSAP Concur Invoice
University of San FranciscoEducation2257$200.0MUnited StatesSAP Concur Invoice
TechstarsProfessional Services3000$500.0MUnited StatesStampli AP Automation Platform
Revolve Group, Inc.Retail1008$600.0MUnited StatesStampli AP Automation Platform
Walther FarmsConsumer Packaged Goods150$14.0MUnited StatesStampli AP Automation Platform
SIMA Management CorporationConstruction and Real Estate100$20.0MUnited StatesStampli AP Automation Platform
LTC Consulting ServicesProfessional Services100$9.0MUnited StatesStampli AP Automation Platform
Four Seasons Hotels and ResortsLeisure and Hospitality45000$5.20BCanadaSutiAP
Hardy DiagnosticsLife Sciences400$50.0MUnited StatesSutiAP
IPT GlobalProfessional Services100$10.0MUnited StatesSutiAP
Rinnai America CorporatiionManufacturing500$100.0MUnited StatesSutiAP
Docker, IncProfessional Services300$100.0MUnited StatesTipalti Invoice Management and Bill Processing System
FourSquareProfessional Services400$100.0MUnited StatesTipalti Invoice Management and Bill Processing System
GoDigital Media GroupProfessional Services100$10.0MUnited StatesTipalti Invoice Management and Bill Processing System
Swing Education, Inc.Education500$50.0MUnited StatesTipalti Invoice Management and Bill Processing System
ZiplineDistribution500$50.0MUnited StatesTipalti Invoice Management and Bill Processing System
ZolaProfessional Services600$120.0MUnited StatesTipalti Invoice Management and Bill Processing System
Air France-KLMTransportation86138$29.83BFranceTradeshift Pay
Archer-Daniels-Midland CompanyManufacturing38000$64.66BUnited StatesTradeshift Pay
CBRE Group, IncConstruction and Real Estate100000$23.89BUnited StatesTradeshift Pay
Kuehne + NagelDistribution78000$21.77BSwitzerlandTradeshift Pay
SchaefflerManufacturing2478$1.42BGermanyTradeshift Pay
Department of Veterans AffairsGovernment380000$200.00BUnited StatesTungsten AP Invoice Automation
HenkelConsumer Packaged Goods52450$21.87BGermanyTungsten AP Invoice Automation
Lombart Instrument, Inc.Distribution100$11.0MUnited StatesTungsten AP Invoice Automation
Royal Caribbean Cruises Ltd.Leisure and Hospitality85300$10.95BUnited StatesTungsten AP Invoice Automation
Answer FinancialInsurance530$80.0MUnited StatesWhiteOwl PaperSave Solution
Comfort ResearchManufacturing220$73.0MUnited StatesWhiteOwl PaperSave Solution
DEPaulNon Profit1700$200.0MUnited StatesWhiteOwl PaperSave Solution
Washington & Lee UniversityEducation1500$200.0MUnited StatesWhiteOwl PaperSave Solution
City of CleburneGovernment180$35.0MUnited StatesYooz AP Automation
Ritter CommunicationsCommunications300$150.0MUnited StatesYooz AP Automation
Salsarita’s Fresh Mexican GrillRetail200$15.0MUnited StatesYooz AP Automation
Township of Upper St. ClairGovernment150$25.0MUnited StatesYooz AP Automation

Source: Apps Run The World AP Automation Study, May 2020

Other AP Automation software providers included in the ARTW Study are: ACOM Solutions, Aestiva, Hyland, Oracle, Sage, DocStar, Airbase, MetaViewer, Esker, MHC Software, Spendesk, Tradeshift, Apxpress, Artsyl, Axtension, Alton, Cashbook, Centreviews, Centsoft, Finexio, VV Finly Technology, Invu, Iptor, NextProcess, NumbersAgent AP, Ocerra, Octacom, OnPay Soutions, Paypool, Plooto, Proactis, Efficiency Leaders, SoftCo, Vanguard Systems, BlueCreek Software and others.

Here are the key findings of the AP Automation customer survey:

  1. Efficiency is the most cited reason behind the decision to invest in AP Automation tools. With 87% of companies surveyed calling that out, their efficiency drive is consistent with the moment in time when companies are evaluating everything that they do and decide on what constitutes Enterprise Essentials for ensuring continuous business operations.
  2. Elimination of manual procedures and time to process an invoice are cited the most behind efficiency, each securing 78% of the responses. Of these 500 companies, the modernization efforts to get rid of paper invoices and speed up invoice processing are the same impetus that has propelled many others to accelerate their digital transformation initiatives in light of the downturn because not doing so could jeopardize their future.
  3. The move toward data workflow and Optical Character Recognition(OCR) secures 65% of the responses from the surveyed companies, while business agility and ERP integration each collects 58% of the votes from these organizations. These two favorite responses are derived pretty consistently from companies regardless of their revenues, volume of invoices and workloads. Their alignment suggests that companies of all sizes are eager to look for alternatives to how they manage their business processes previously by refusing to accept the status quo and become leaner and more agile through tighter integration across all current systems being deployed.
  4. Real time analytics(53%), Cost Effectiveness(53%), and User Experience(45%) are rated as standard outcomes that about half of these customers can expect from such financial technology projects. It is possible that the other half of the surveyed companies consider the real-time, ROI and UX benefits secondary to issues like efficiency and automation capabilities. The upshot is that the more recent implementations(especially those in 2018 and 2019) of these AP Automation use cases, the more intrinsic value they place upon real-time reporting, ROI and usability from their projects.
  5. The Remote Access, Reliability and Security aspect of AP Automation is cited by 38% of surveyed companies. Not surprisingly, their sentiments would have increased if these implementations were done today given the tremendous popularity of everything from digital signature to video conferencing during the global efforts to thwart the pandemic. Almost all of the vendors cited in the survey have placed the appeal of remote AP Automation as the front and center of their value propositions. Stampli, for instance, is guaranteeing the deployment of a fully remote AP management in 24 hours. 

Implications of AP Automation On How Businesses Continue Their Operations

The survey results are based on our continuous research on tens of thousands of companies and their enterprise applications implementations by zeroing in on their system go-lives, short-term and long-term benefits that have been documented, as well as implications of such projects on the future of work, or for that matter workplace and organizational productivity for all the key stakeholders involved.

For the AP Automation study, we focus on 500 use cases by benchmarking their results with those from our previous surveys conducted regularly over the past 10 years. The 500 AP Automation use cases cover customers of all sizes(37% of which are under $100 million in revenues) across 21 verticals in 25 countries using AP Automation software from 38 vendors. Twenty-seven percent of these use cases have gone live since 2018, while the rest went live in prior years. Our research shows all these customers are still actively running these AP Automation tools.

Among the tangible results and implications highlighted by these customers in our study are:

  • Spurred by relentless economic forces, invoicing processing is no longer a routine or predictable task for companies with some big organizations only managing a handful invoices in any given period to a fast-growing telecommunications providers in Sweden scrambling to catch up with 40,000 invoices each week.
  • The average number of invoices is about 3,000 a week among these 500 surveyed companies.
  • Adopting AP Automation helps companies reduce average invoice processing time by 34%, compared with manual procedures.
  • A Military Service director of procurements and contract management said its AP Automation project has helped to reduce invoice cycle times to 2.7 days using community benchmarking while helping US troops get the goods and services they need at all times.
  • Manual processes amount to $10 to $20 per invoice as surveyed companies reported significant cost reductions both in actual costs by eliminating printing expenses and time spent on the end to end process from capturing to approving invoices.
  • A large car dealership in Texas used to spend 160+ hours printing, signing, folding, stuffing and mailing 1,200+ checks every month. The use of AP Automation has cut 1,100 hours of manual payments, allowing its AP professionals to focus on more strategic tasks like reporting and reconciliation.
  • Top line gains can be realized after adopting AP Automation to receive on-time payment rebates with one health-care provider realizing an average of $65,500 in such working capital incentives from its suppliers.
  • A consulting firm cites the use of Artificial Intelligence Assistant is learning its invoice processing pattern that could greatly improve its account-payables business process.
  • With its workforce becoming more mobile than ever, a research institute in San Francisco turns to AP Automation to process payments quickly and efficiently to prevent disruptions to its field research.
  • A non-profit organization reported using AP Automation and storing all documentation electronically has made information sharing much easier, even with its 20 fundraising staffers who travel or work from remote offices.
  • A real-estate agency in Texas recommends AP Automation as a prerequisite for any company needing to be prepared for emergencies that may require a remote work setting.

Summary

As a CFO at a Danish communications company points out in our study, he could have chosen a lesser expensive or functionally-rich AP Automation tool since its workload has yet to hit thousands of invoices every week. Still, the decision to invest in a best of breed software product for AP Automation is not considered an overkill because it makes its money back in all the time he does not need to spend.

Such customer sentiments encapsulate the gist of running Enterprise Essentials – software tools that automatically manifest themselves in terms of time not being wasted on arduous and repetitive tasks that yield little business value. AP Automation is emerging to be a key component of the next Enterprise Essentials for companies that need to optimize their efficiency, achieve agility as a competitive advantage, while discovering the workplace is likely to change for good with the current downturn and any natural and health crisis that could cause unforeseen dislocation in the future.

The AP Automation study illustrates the importance of not just keeping up with industry best practices, but also the courage and willingness of jettisoning outdated systems and procedures that are no longer meeting the needs of customers, suppliers and employees.

Figure 1 – Profiles of 500 AP Automation Implementations by Size (Employees, Revenue)

Figure 1 – Profiles of 500 AP Automation Implementations
Figure 1 – Profiles of 500 AP Automation Implementations, Apps Run The World AP Automation Study, May 2020

Figure 2 – Profiles of 500 AP Automation Implementations by Employee Count

Figure 2 – Profiles of 500 AP Automation Implementations
Figure 2 – Profiles of 500 AP Automation Implementations, Apps Run The World AP Automation Study, May 2020

Figure 3 – Profiles of 500 AP Automation Implementations by Revenue Range

Figure 3 – Profiles of 500 AP Automation Implementations
Figure 3 – Profiles of 500 AP Automation Implementations, Apps Run The World AP Automation Study, May 2020

Figure 4 – Top Reasons for AP Automation By Company Revenues, %

$1-$10 Million$10M- $100M$101M – $1B$1B+
Elimination of Manual Procedures and Paperwork70%80%79%79%
Time to process a single invoice84%79%76%77%
Real Time Analytics and Transparency35%53%53%60%
Outgrown Legacy System20%8%9%11%
Remote, Reliable and Secure42%41%42%32%
Data Workflow and OCR58%63%71%64%
Lower Processing Costs19%25%37%51%
Increase Efficiency and Performance77%91%89%87%
Reduce Payment Risk19%25%19%22%
Improve Internal Accounting Controls27%27%30%29%
Agility, Adaptability and Scalability55%56%59%59%
Content Collaboration and Business Relationship9%15%24%27%
User Experience (UX)51%52%46%37%
Cost Effective51%50%55%54%
Compliance3%10%14%18%
ERP Integration and Data Interoperability51%54%63%58%

Source: Apps Run The World AP Automation Study, May 2020

Figure 5 – Industry of 500 AP Automation Implementations

IndustryPercentage
Aerospace1%
Automotive2%
Banking and Financial Services6%
Communications2%
Construction and Real Estate7%
Consumer Packaged Goods5%
Distribution4%
Education4%
Government3%
Healthcare4%
Insurance1%
Leisure and Hospitality5%
Life Sciences2%
Manufacturing15%
Media1%
Non Profit4%
Oil, Gas and Chemicals5%
Professional Services21%
Retail6%
Transportation2%
Utilities2%

Source: Apps Run The World AP Automation Study, May 2020

Figure 6 – Top Reasons for AP Automation By Industry

IndustryElimination of Manual Procedures and PaperworkTime to process a single invoiceIncrease Efficiency and Performance
Aerospace and Defense50%100%50%
Automotive90%80%100%
Banking and Financial Services83%67%83%
Communications89%89%67%
Construction and Real Estate81%89%94%
Consumer Packaged Goods67%83%92%
Distribution63%84%95%
Education75%90%85%
Government92%62%85%
Healthcare80%70%95%
Insurance75%75%100%
Leisure and Hospitality91%91%96%
Life Sciences100%56%89%
Manufacturing74%81%89%
Media100%100%75%
Non Profit76%71%76%
Oil, Gas and Chemicals84%72%92%
Professional Services75%78%81%
Retail82%68%89%
Transportation60%100%80%
Utilities56%56%78%
Grand Total78%78%87%

Source: Apps Run The World AP Automation Study, May 2020

Figure 7 – Country of the 500 Surveyed Companies

Figure 7 – Country of 500 Surveyed Companies
Figure 7 – Country of 500 Surveyed Companies, Apps Run The World AP Automation Study, May 2020

Figure 8 – Top Reasons for AP Automation By Country

CountryElimination of Manual Procedures and PaperworkTime to process a single invoiceIncrease Efficiency and Performance
Australia77%62%85%
Austria0%0%0%
Belgium60%100%100%
Brazil100%100%100%
Canada79%84%89%
Czech Republic100%100%100%
Denmark14%86%71%
Finland84%79%89%
France79%79%100%
Germany85%69%85%
India100%100%0%
Japan100%100%100%
Latvia0%100%100%
Netherlands55%73%91%
New Zealand100%50%100%
Norway88%63%75%
Poland100%0%100%
Portugal100%100%100%
Qatar100%100%100%
Saudi Arabia100%0%100%
Spain100%50%100%
Sweden67%67%86%
Switzerland83%83%83%
United Kingdom68%84%79%
United States80%80%87%
Grand Total78%78%87%

Source: Apps Run The World AP Automation Study, May 2020

Follow the link below for methodology of the study and the Taxonomy and Market Definitions documents:
https://www.appsruntheworld.com/taxonomy/
Copyright © 2020, APPS RUN THE WORLD

VIAAlbert Pang
  • TAGS
  • ACOM Solutions
  • Aestiva
  • Airbase
  • AP Automation
  • APxpress.
  • Artsyl
  • AXtension
  • BasWare
  • Beanworks
  • Bill.Com
  • BirchStreet Systems
  • Bottomline Technologies
  • Chrome River
  • Compello
  • Corcentric
  • DocStar
  • Dooap
  • Esker
  • Kofax
  • MediusFlow
  • MetaViewer
  • MHC Software
  • MineralTree
  • Nvoicepay
  • OnBase by Hyland
  • OpusCapita
  • Oracle
  • Palette Software
  • Sage
  • SAP Ariba
  • SAP Concur
  • SignUp Software AB
  • Spendesk
  • Stampli
  • SutiSoft
  • Tipalti
  • Tradeshift
  • WhiteOwl
  • Yooz
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Chris Todd, the new CEO of UKG, is presented with a champion belt by Jennifer Brafman Staffen of UKG Corporate Communications during a June 2022 Analyst Relations event in Fort Lauderdale, FL
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New CEO of UKG Vows to Expand By Flipping A Catch-22 Moment To Its Advantage

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