Automated AP (Accounts Payable) – or invoice capture - has reached a near 50% adoption across all organizations. The break-even point has moved progressively downwards over the past few years, as equipment and software has become cheaper. However, there is still a threshold of invoice volumes, below which it becomes a less attractive investment for many small and mid-sized businesses.
The cloud changes all that. Broadband connection speeds, SaaS simplicity, and the acceptance that core accounting systems are safe to run as cloud applications have come together to make automated AP a viable option at much lower volumes.
In this report, we look at the drivers and adoption for AP systems, the ROI being achieved, and the implications of cloud or SaaS solutions.