At a compound annual growth rate (CAGR) of 10%, the accounts payable automation industry is expected to reach US$ 6.7 billion by 2032 from its estimated US$ 2.6 billion in 2022. Reportedly, automation solutions for accounts payable may assist companies in gaining greater operational control and visibility, freeing them up to focus on strategic tasks like identifying …
Tag Archives: Accounts Payable Automation
Embracing Digital Transformation: Accounts Payable Automation Market Insights by Future Market Insights
The global market for accounts payable automation was valued at US$ 2.6 billion in 2022 and is anticipated to grow to US$ 6.7 billion by 2032, at a CAGR of 10%. According to reports, account payable automation solutions can help businesses acquire a higher level of operational control and visibility, allowing them to put more emphasis on …