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Accounts Payable (AP) Research

Independent studies, benchmark reports, and analysis to improve AP performance and operational efficiency.

Overview

Our AP research covers key areas that impact performance, efficiency, cost, and risk.

✓ Invoice processing and automation
✓ Cost benchmarks and efficiency metrics
✓ Exception management and workflow
✓ Vendor management and payments
✓ Technology impact and ROI
✓ AI adoption trends

Key Benchmark Highlight

$2.36

Average Invoice Processing Cost

Industry Average
Based on 2024 Data

Latest Research

2024 AP Automation Impact Study

Analysis of automation trends across AP departments.

AP Benchmark Report 2024

Comprehensive benchmarks across industries.

Exception Management Study

Best practices and performance trends.

AP Performance Statistics

Metric	Industry Average	Top Performers
Cost Per Invoice	$2.36	$1.07
Cycle Time	2.6 Days	1.1 Days
Automation Rate	68%	92%
Exception Rate	18%	6%
Touchless Processing	44%	81%

Technology Adoption

OCR Adoption: 89%
AI Adoption: 42%
ERP Integrations: 76%
Supplier Portals: 37%

Operational Challenges

Exception handling remains costly.
Staffing shortages affect productivity.
Manual approvals delay payments.
Supplier communication issues persist.

Improvement Opportunities

Automated matching
Workflow automation
Supplier self-service
AI-assisted coding

State of AP: 2024 Industry Study

1,200 organizations surveyed.

Leaders process invoices 54% cheaper.
Cycle times reduced by 63%.
Automation rates exceed 90%.

Invoice Benchmark Report

800 companies analyzed.

Manufacturing organizations lead efficiency.
Healthcare lags in automation.
Mid-market companies improved significantly.

Exception Management Study

350 AP departments analyzed.

80% of exceptions originate from missing PO data.
AI reduced exception time by 41%.
Workflow automation improved visibility.

68%

Average Automation Rate

$2.36

Cost Per Invoice

81%

Touchless Processing Among Leaders

63%

Cycle Time Reduction Achieved By Leaders