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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
1148

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

Customer Industry Empl. Revenue Country AP Product
Ackerman & Co Construction and Real Estate 100 $30.0M United States AvidInvoice
Colliers International Construction and Real Estate 15250 $2.19B Canada AvidInvoice
Island Hospitality Management Professional Services 3000 $500.0M United States AvidInvoice
Wentworth Property Management Banking and Financial Services 20000 $2.00B United States AvidInvoice
SHE Media Communications 250 $50.0M United States AvidInvoice
SCM Real Estate Services Construction and Real Estate 15 $2.0M United States AvidInvoice
BERG Toys B.V. Consumer Packaged Goods 100 $10.0M Netherlands AXtension Invoice Processing
Musco Family Olive Co. Manufacturing 350 $40.0M United States AXtension Invoice Processing
NAGRA Kudelski Professional Services 3100 $810.0M Switzerland AXtension Invoice Processing
RPC Promens Consumer Packaged Goods 40 $5.0M United Kingdom AXtension Invoice Processing
Sempra LNG Utilities 200 $100.0M United States AXtension Invoice Processing
Terberg Business Lease Group B.V. Automotive 180 $20.0M Netherlands AXtension Invoice Processing
ABB Manufacturing 147000 $31.78B Switzerland Basware AP Automation
API Retail 3000 $2.62B Australia Basware AP Automation
Boels Rental Distribution 4000 $476.0M Netherlands Basware AP Automation
DivestGroup Banking and Financial Services 150 $11.0M Finland Basware AP Automation
Mohawk Medbuy Corporation Healthcare 250 $45.0M Canada Basware AP Automation
Compass Group USA Professional Services 288133 $19.52B United States BeanworksAP
Fatigue Science Professional Services 50 $5.0M Canada BeanworksAP
Home Point Financial Corporation Banking and Financial Services 1000 $100.0M United States BeanworksAP
The Ford Plantation Club, Inc. Construction and Real Estate 100 $10.0M United States BeanworksAP
Trailer Wizards Ltd. Transportation 200 $20.0M Canada BeanworksAP
Easter Seals Greater Houston Non Profit 247 $19.0M United States Bill.com
O&M Restaurant Group Retail 1000 $120.0M United States Bill.com
Venturity Professional Services 100 $15.0M United States Bill.com
Merchant eSolutions Professional Services 350 $120.0M United States Bill.com
Tamara Mellon Retail 60 $12.0M United States Bill.com
Downtown Grand Hotel & Casino Leisure and Hospitality 1000 $200.0M United States BirchStreet AP 3-Way Auto-Match
Francis Tuttle Technology Center Education 450 $30.0M United States BirchStreet AP 3-Way Auto-Match
Interstate Operating Company, L.P Leisure and Hospitality 35000 $3.30B United States BirchStreet AP 3-Way Auto-Match
The Peninsula New York Leisure and Hospitality 550 $80.0M United States BirchStreet AP 3-Way Auto-Match
Baptist Health South Florida Healthcare 23000 $3.00B United States Bottomline Paymode-X AP Automation
BIS Industries Oil, Gas and Chemicals 2000 $300.0M Australia Bottomline Paymode-X AP Automation
Oldcastle APG Manufacturing 5000 $2.00B United States Bottomline Paymode-X AP Automation
PQ Corporation Manufacturing 3279 $1.57B United States Bottomline Paymode-X AP Automation
Taubman Centers Construction and Real Estate 420 $661.0M United States Bottomline Paymode-X AP Automation
Bryan Cave Leighton Paisner LLP Professional Services 850 $324.0M United Kingdom Chrome River Invoice
GrayRobinson, P.A. Professional Services 600 $320.0M United States Chrome River Invoice
Stinson Morrison Hecker LLP Professional Services 300 $263.0M United States Chrome River Invoice
West Virginia University Foundation Inc Non Profit 100 $20.0M United States Chrome River Invoice
Penn Medicine, University of Pennsylvania Health System Education 30000 $6.80B United States Chrome River Invoice
DEFA AS Manufacturing 400 $50.0M Norway Compello Process
IF P&C Insurance Holding Ltd. Insurance 6680 $800.0M Sweden Compello Process
Mälardalens Bostadsrättsforvaltning Construction and Real Estate 50 $5.0M Sweden Compello Process
Ragn-Sells AB Professional Services 2500 $620.0M Sweden Compello Process
Volkswagen Møller Bilfinans Banking and Financial Services 80 $12.0M Norway Compello Process
1st United Bank Banking and Financial Services 100 $10.0M United States Corcentric Accounts Payable Automation
Baird and Warner Construction and Real Estate 2900 $1.60B United States Corcentric Accounts Payable Automation
Port of Seattle Government 2150 $670.0M United States Corcentric Accounts Payable Automation
University Physicians, Inc Education 400 $50.0M United States Corcentric Accounts Payable Automation
Transervice Logistics Distribution 1000 $150.0M United States Corcentric Accounts Payable Automation
Allegheny Health Network Healthcare 80000 $18.78B United States Coupa Invoice
Avalon Health Care Group Healthcare 7000 $600.0M United States Coupa Invoice
Cooper-Standard Holdings Inc. Manufacturing 30000 $3.63B United States Coupa Invoice
United Service Organizations Non Profit 1000 $100.0M United States Coupa Invoice
The Fresh Market, Inc. Retail 13000 $1.80B United States Coupa Invoice
Colliers International Construction and Real Estate 15250 $2.19B Canada Dooap AP Automation
Istekki Oy Professional Services 600 $110.0M Finland Dooap AP Automation
MaxPax LLC Professional Services 80 $10.0M United States Dooap AP Automation
SA Recycling LLC Manufacturing 1200 $590.0M United States Dooap AP Automation
Ernst & Young LLP (Singapore) Professional Services 270000 $36.40B United Kingdom ExFlow AX
Cavalier Bremworth Manufacturing 1000 $120.0M New Zealand ExFlow D365 FO
Benify Professional Services 250 $40.0M Sweden ExFlow NAV
Evolution Gaming Latvia Professional Services 3456 $102.0M Latvia ExFlow NAV
Fagron Life Sciences 2000 $478.0M Netherlands ExFlow NAV
Arjo Wiggins Diaper Papers SA Manufacturing 500 $60.0M France Kofax ReadSoft Invoices
BNP Paribas Fortis Banking and Financial Services 18000 $8.81B Belgium Kofax ReadSoft Invoices
KBC Group Banking and Financial Services 34078 $8.21B Belgium Kofax ReadSoft Invoices
L’Oréal Consumer Packaged Goods 86974 $29.87B France Kofax ReadSoft Invoices
TransMontaigne Oil, Gas and Chemicals 600 $200.0M United States Kofax ReadSoft Invoices
W. R. Grace & Co. Oil, Gas and Chemicals 3700 $1.72B United States Kofax ReadSoft Invoices
Andrews Distributing Distribution 1520 $155.0M United States MediusFlow AP Invoice Automation
Beacon Roofing Supply, Inc. Distribution 8147 $7.11B United States MediusFlow AP Invoice Automation
Dynapac Compaction Equipment AB Manufacturing 1300 $250.0M Sweden MediusFlow AP Invoice Automation
Elekta Manufacturing 4000 $1.20B Sweden MediusFlow AP Invoice Automation
Fluiconnecto Holdings B.V. Distribution 1350 $222.0M Netherlands MediusFlow AP Invoice Automation
LUSH Consumer Packaged Goods 1401 $550.0M United Kingdom MediusFlow AP Invoice Automation
Apnea Care Healthcare 130 $11.0M United States MineralTree Invoice-to-Pay
Baltimore Ravens Leisure and Hospitality 1000 $438.0M United States MineralTree Invoice-to-Pay
EverQuote Insurance 250 $73.0M United States MineralTree Invoice-to-Pay
GoSPotCheck Professional Services 200 $25.0M United States MineralTree Invoice-to-Pay
IPSY Retail 3000 $500.0M United States MineralTree Invoice-to-Pay
MGM Resorts International Leisure and Hospitality 82000 $11.76B United States Nvoicepay Payment Automation
Park Place Dealerships Automotive 2300 $2.00B United States Nvoicepay Payment Automation
Refinery29, Inc. Professional Services 400 $100.0M United States Nvoicepay Payment Automation
Treadmaxx Tire Distributors Distribution 386 $40.0M United States Nvoicepay Payment Automation
VCC Construction Construction and Real Estate 600 $100.0M United States Nvoicepay Payment Automation
Apoteksgruppen Retail 1000 $120.0M Sweden OpusCapita Source-to-Pay AP Process Automation
Etola-yhtiöt Distribution 1300 $510.0M Finland OpusCapita Source-to-Pay AP Process Automation
Getinge Shared Services Manufacturing 500 $80.0M Poland OpusCapita Source-to-Pay AP Process Automation
Stora Enso Oyj Manufacturing 26096 $11.03B Finland OpusCapita Source-to-Pay AP Process Automation
Barona Group Professional Services 10000 $400.0M Finland Palette AP Automation
Clas Ohlson Retail 5000 $891.0M Sweden Palette AP Automation
Hartela Construction and Real Estate 635 $371.0M Finland Palette AP Automation
Renta Group Professional Services 650 $220.0M Finland Palette AP Automation
Sportmaster Leisure and Hospitality 30000 $15.00B Singapore Palette AP Automation
USFarathane Manufacturing 5100 $850.0M United States Palette AP Automation
American Red Cross Non Profit 19000 $2.87B United States SAP Concur Invoice
Cloudera Professional Services 2947 $479.0M United States SAP Concur Invoice
Code42 Professional Services 200 $110.0M United States SAP Concur Invoice
Insite Software Professional Services 115 $20.0M United States SAP Concur Invoice
JPMorgan Chase & Co. Banking and Financial Services 256720 $115.63B United States SAP Concur Invoice
University of San Francisco Education 2257 $200.0M United States SAP Concur Invoice
Techstars Professional Services 3000 $500.0M United States Stampli AP Automation Platform
Revolve Group, Inc. Retail 1008 $600.0M United States Stampli AP Automation Platform
Walther Farms Consumer Packaged Goods 150 $14.0M United States Stampli AP Automation Platform
SIMA Management Corporation Construction and Real Estate 100 $20.0M United States Stampli AP Automation Platform
LTC Consulting Services Professional Services 100 $9.0M United States Stampli AP Automation Platform
Four Seasons Hotels and Resorts Leisure and Hospitality 45000 $5.20B Canada SutiAP
Hardy Diagnostics Life Sciences 400 $50.0M United States SutiAP
IPT Global Professional Services 100 $10.0M United States SutiAP
Rinnai America Corporatiion Manufacturing 500 $100.0M United States SutiAP
Docker, Inc Professional Services 300 $100.0M United States Tipalti Invoice Management and Bill Processing System
FourSquare Professional Services 400 $100.0M United States Tipalti Invoice Management and Bill Processing System
GoDigital Media Group Professional Services 100 $10.0M United States Tipalti Invoice Management and Bill Processing System
Swing Education, Inc. Education 500 $50.0M United States Tipalti Invoice Management and Bill Processing System
Zipline Distribution 500 $50.0M United States Tipalti Invoice Management and Bill Processing System
Zola Professional Services 600 $120.0M United States Tipalti Invoice Management and Bill Processing System
Air France-KLM Transportation 86138 $29.83B France Tradeshift Pay
Archer-Daniels-Midland Company Manufacturing 38000 $64.66B United States Tradeshift Pay
CBRE Group, Inc Construction and Real Estate 100000 $23.89B United States Tradeshift Pay
Kuehne + Nagel Distribution 78000 $21.77B Switzerland Tradeshift Pay
Schaeffler Manufacturing 2478 $1.42B Germany Tradeshift Pay
Department of Veterans Affairs Government 380000 $200.00B United States Tungsten AP Invoice Automation
Henkel Consumer Packaged Goods 52450 $21.87B Germany Tungsten AP Invoice Automation
Lombart Instrument, Inc. Distribution 100 $11.0M United States Tungsten AP Invoice Automation
Royal Caribbean Cruises Ltd. Leisure and Hospitality 85300 $10.95B United States Tungsten AP Invoice Automation
Answer Financial Insurance 530 $80.0M United States WhiteOwl PaperSave Solution
Comfort Research Manufacturing 220 $73.0M United States WhiteOwl PaperSave Solution
DEPaul Non Profit 1700 $200.0M United States WhiteOwl PaperSave Solution
Washington & Lee University Education 1500 $200.0M United States WhiteOwl PaperSave Solution
City of Cleburne Government 180 $35.0M United States Yooz AP Automation
Ritter Communications Communications 300 $150.0M United States Yooz AP Automation
Salsarita’s Fresh Mexican Grill Retail 200 $15.0M United States Yooz AP Automation
Township of Upper St. Clair Government 150 $25.0M United States Yooz 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 Paperwork 70% 80% 79% 79%
Time to process a single invoice 84% 79% 76% 77%
Real Time Analytics and Transparency 35% 53% 53% 60%
Outgrown Legacy System 20% 8% 9% 11%
Remote, Reliable and Secure 42% 41% 42% 32%
Data Workflow and OCR 58% 63% 71% 64%
Lower Processing Costs 19% 25% 37% 51%
Increase Efficiency and Performance 77% 91% 89% 87%
Reduce Payment Risk 19% 25% 19% 22%
Improve Internal Accounting Controls 27% 27% 30% 29%
Agility, Adaptability and Scalability 55% 56% 59% 59%
Content Collaboration and Business Relationship 9% 15% 24% 27%
User Experience (UX) 51% 52% 46% 37%
Cost Effective 51% 50% 55% 54%
Compliance 3% 10% 14% 18%
ERP Integration and Data Interoperability 51% 54% 63% 58%

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

Figure 5 – Industry of 500 AP Automation Implementations

Industry Percentage
Aerospace 1%
Automotive 2%
Banking and Financial Services 6%
Communications 2%
Construction and Real Estate 7%
Consumer Packaged Goods 5%
Distribution 4%
Education 4%
Government 3%
Healthcare 4%
Insurance 1%
Leisure and Hospitality 5%
Life Sciences 2%
Manufacturing 15%
Media 1%
Non Profit 4%
Oil, Gas and Chemicals 5%
Professional Services 21%
Retail 6%
Transportation 2%
Utilities 2%

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

Figure 6 – Top Reasons for AP Automation By Industry

Industry Elimination of Manual Procedures and Paperwork Time to process a single invoice Increase Efficiency and Performance
Aerospace and Defense 50% 100% 50%
Automotive 90% 80% 100%
Banking and Financial Services 83% 67% 83%
Communications 89% 89% 67%
Construction and Real Estate 81% 89% 94%
Consumer Packaged Goods 67% 83% 92%
Distribution 63% 84% 95%
Education 75% 90% 85%
Government 92% 62% 85%
Healthcare 80% 70% 95%
Insurance 75% 75% 100%
Leisure and Hospitality 91% 91% 96%
Life Sciences 100% 56% 89%
Manufacturing 74% 81% 89%
Media 100% 100% 75%
Non Profit 76% 71% 76%
Oil, Gas and Chemicals 84% 72% 92%
Professional Services 75% 78% 81%
Retail 82% 68% 89%
Transportation 60% 100% 80%
Utilities 56% 56% 78%
Grand Total 78% 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

Country Elimination of Manual Procedures and Paperwork Time to process a single invoice Increase Efficiency and Performance
Australia 77% 62% 85%
Austria 0% 0% 0%
Belgium 60% 100% 100%
Brazil 100% 100% 100%
Canada 79% 84% 89%
Czech Republic 100% 100% 100%
Denmark 14% 86% 71%
Finland 84% 79% 89%
France 79% 79% 100%
Germany 85% 69% 85%
India 100% 100% 0%
Japan 100% 100% 100%
Latvia 0% 100% 100%
Netherlands 55% 73% 91%
New Zealand 100% 50% 100%
Norway 88% 63% 75%
Poland 100% 0% 100%
Portugal 100% 100% 100%
Qatar 100% 100% 100%
Saudi Arabia 100% 0% 100%
Spain 100% 50% 100%
Sweden 67% 67% 86%
Switzerland 83% 83% 83%
United Kingdom 68% 84% 79%
United States 80% 80% 87%
Grand Total 78% 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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