Accounts Payable Automation Market
Accounts Payable Automation Market Forecasts to 2032 - Global Analysis By Component (Solution and Services), Deployment Mode (Cloud-based and On-premises), Organization Size, End User and By Geography
|
Years Covered |
2024-2032 |
|
Estimated Year Value (2025) |
US $3.4 BN |
|
Projected Year Value (2032) |
US $7.4 BN |
|
CAGR (2025-2032) |
11.6% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Accounts Payable Automation Market is accounted for $3.4 billion in 2025 and is expected to reach $7.4 billion by 2032, growing at a CAGR of 11.6% during the forecast period. Using technology to automate and optimize the accounts payable process is known as accounts payable (AP) automation. This includes receiving invoices, capturing data, forwarding for approval, matching purchase orders, and processing payments. Eliminating manual, paper-based processes is intended to improve supplier relationships while increasing efficiency, lowering costs, improving accuracy, and increasing visibility.
According to a survey conducted by PYMNTS.com, 87% of businesses that have automated their accounts receivable tasks report shorter processing times, and 79% claim automation helps increase team productivity.
Market Dynamics:
Driver:
Need for greater efficiency and cost reduction
The need for operational efficiency and cost reduction is expediting the implementation of accounts payable (AP) automation. Manual accounts payable processes are inefficient, susceptible to errors, and labor-intensive, prompting firms to automate invoice processing, approvals, and payments. Automation diminishes processing expenses by as much as 80% and accelerates cycle times; hence, it improves cash flow management. Moreover, digital transformation efforts across sectors emphasize optimized operations, while artificial intelligence and machine learning enhance precision in data acquisition and fraud identification. Regulatory compliance requirements also promote automation to guarantee audit trails and transparency, establishing AP automation as a strategic instrument for financial enhancement.
Restraint:
Complexity of data migration and integration
Challenges in data migration, such as formatting discrepancies and isolated information, frequently result in extended implementation periods and increased initial expenses. Moreover, firms with inadequate IT infrastructure encounter difficulties in managing technical intricacies, jeopardizing operational continuity. Opposition to workflow modifications and personnel training exacerbates the challenges of adoption. These obstacles impede small organizations and resource-limited firms from adopting automated systems, hindering market penetration despite potential long-term advantages.
Opportunity:
Increasing adoption by SMEs
Small and medium-sized enterprises (SMEs) signify a substantial growth possibility as they progressively acknowledge the scalability and return on investment (ROI) of accounts payable automation. Cloud-based solutions, including subscription pricing, reduce entry barriers, allowing SMEs to automate without substantial financial expenditure. Additionally, companies are creating user-centric, modular platforms designed to meet the requirements of SMEs, including invoice monitoring and payment scheduling. Government incentives for the digitization of small and medium-sized businesses, along with post-pandemic recovery initiatives, enhance adoption rates. As SMEs emphasize operational agility, AP automation is essential for competing with larger organizations, hence increasing the demand for cost-effective, scalable solutions in this neglected sector.
Threat:
Availability of cheaper, basic automation tools or manual workarounds
Numerous organizations, especially micro-enterprises, choose spreadsheet-based solutions or rudimentary software to circumvent the perceived high expenses associated with complex platforms. Moreover, resistance to embracing new technology and doubt regarding the advantages of automation result in the persistence of human procedures. These options, despite their inefficiency, hinder the comprehensive adoption of AP automation.
Covid-19 Impact:
The COVID-19 epidemic highlighted the weaknesses of manual accounts payable systems, prompting a swift transition to automation as remote work required digital operations. Initial lockdowns postponed installations, but post-2020, demand escalated as enterprises emphasized resilience. Accounts payable automation facilitated continuous operations, vendor disbursements, and immediate financial transparency amid disruptions. Nevertheless, financial limitations have temporarily hindered SME investments. Following the crisis, hybrid work models and supply chain uncertainties established automation as a long-term priority, with cloud-based solutions becoming prominent due to their scalability and remote accessibility.
The solution segment is expected to be the largest during the forecast period
The solution segment is expected to account for the largest market share during the forecast period. Organizations emphasize comprehensive solutions to supplant disjointed systems, guaranteeing smooth connection with ERP and procurement technologies. AI-driven data extraction, automatic approvals, and real-time reporting effectively resolve significant challenges in invoice administration. Moreover, sectors such as retail and industry allocate substantial resources to accounts payable automation to oversee elevated transaction volumes and supplier networks. Ongoing advancements in predictive analytics and blockchain for safe transactions will maintain this segment's dominance over the projected period.
The cloud-based segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the cloud-based segment is predicted to witness the highest growth rate. Cloud solutions eradicate initial infrastructure expenses, attracting both SMEs and multinational corporations. Augmented security protocols, including encryption and compliance certifications, mitigate data privacy issues, whereas automatic upgrades guarantee access to state-of-the-art features. The transition to hybrid work styles following the epidemic increases the demand for cloud technologies that facilitate collaboration among decentralized teams on accounts payable operations. Regions with burgeoning digital infrastructure, such as the Asia Pacific, will catalyze the growth of this category as enterprises emphasize agility and disaster recovery capabilities.
Region with largest share:
During the forecast period, the North America region is expected to hold the largest market share owing to its sophisticated IT infrastructure, elevated digital literacy, and early embrace of automation technology. The United States and Canada are home to prominent AP automation vendors, promoting innovation and competitive pricing. Stringent regulatory standards, such as Sarbanes-Oxley, necessitate that organizations implement automated compliance and audit trails. Furthermore, industries such as healthcare and retail, characterized by intricate supply chains, stimulate the necessity for effective accounts payable operations. Strategic alliances between fintech companies and enterprises reinforce North America's supremacy, bolstered by substantial investment in AI and blockchain technologies.
Region with highest CAGR:
Over the forecast period, the Asia Pacific region is anticipated to exhibit the highest CAGR, driven by swift digitization and governmental efforts such as India's Digital India and China's SME digitization projects. The expansion of cross-border trade and production centers requires effective accounts payable systems to oversee worldwide supplier networks. Moreover, increasing cloud use and investments in intelligent technologies by nations such as Japan and Australia drive market expansion. Small and medium-sized enterprises, integral to regional economies, are progressively using economical automation solutions to improve competitiveness, establishing Asia Pacific as a burgeoning market for automation providers.
Key players in the market
Some of the key players in Accounts Payable Automation Market include SAP Ariba, Sage Group plc, Tipalti Inc., FreshBooks, Zycus Inc., Bottomline Technologies, Inc., Coupa Software Inc., Comarch SA, FinancialForce, AvidXchange, FIS (Fidelity Information Services), Procurify Technologies Inc., NetSuite (Oracle), Medius, Yooz, Quadient, BILL Holdings Inc., and Nvoicepay.
Key Developments:
In February 2025, Sage, the leader in accounting, financial, HR, and payroll technology for small and mid-sized businesses (SMBs) announced new innovative AI-driven tools and automation features for Sage Intacct. These latest enhancements help finance teams save time, get trusted insights faster, and focus on growth by simplifying compliance, enhancing decision-making, and improving operational efficiency.
In December 2024, leading global finance automation company Tipalti announced the launch of its localized solution for the Canadian market and registration as a money services business (MSB) with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), marking a significant milestone in its international expansion. Building on its successful expansions in the UK (2022) and Europe (2023), this launch furthers Tipalti’s commitment to supporting high-growth businesses worldwide.
In May 2024, CINCINNATI – Fifth Third and Bottomline announced the launch of Enhanced Payables powered by Bottomline and its business payments network, Paymode-X. The solution combines the capabilities of Bottomline’s industry-leading business payments technology with Fifth Third’s extensive banking services to provide customers with a comprehensive suite of payment options.
Components Covered:
• Solution
• Services
Deployment Modes Covered:
• Cloud-based
• On-premises
Organization Sizes Covered:
• Small and Medium-sized Enterprises (SMEs)
• Large Enterprises
End Users Covered:
• BFSI (Banking, Financial Services, and Insurance)
• IT and Telecom
• Retail and E-commerce
• Healthcare
• Manufacturing
• Energy and Utilities
• Government
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Accounts Payable Automation Market, By Component
5.1 Introduction
5.2 Solution
5.2.1 Invoice Processing
5.2.2 Electronic Invoicing
5.2.3 Workflow Automation
5.2.4 Payment Automation
5.2.5 Fraud Detection & Risk Management
5.2.6 Data Capture & Validation
5.3 Services
5.3.1 Professional Services
5.3.2 Managed Services
6 Global Accounts Payable Automation Market, By Deployment Mode
6.1 Introduction
6.2 Cloud-based
6.3 On-premises
7 Global Accounts Payable Automation Market, By Organization Size
7.1 Introduction
7.2 Small and Medium-sized Enterprises (SMEs)
7.3 Large Enterprises
8 Global Accounts Payable Automation Market, By End User
8.1 Introduction
8.2 BFSI (Banking, Financial Services, and Insurance)
8.3 IT and Telecom
8.4 Retail and E-commerce
8.5 Healthcare
8.6 Manufacturing
8.7 Energy and Utilities
8.8 Government
8.9 Other End Users
9 Global Accounts Payable Automation Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 SAP Ariba
11.2 Sage Group plc
11.3 Tipalti Inc.
11.4 FreshBooks
11.5 Zycus Inc.
11.6 Bottomline Technologies, Inc.
11.7 Coupa Software Inc.
11.8 Comarch SA
11.9 FinancialForce
11.10 AvidXchange
11.11 FIS (Fidelity Information Services)
11.12 Procurify Technologies Inc.
11.13 NetSuite (Oracle)
11.14 Medius
11.15 Yooz
11.16 Quadient
11.17 BILL Holdings Inc
11.18 Nvoicepay
List of Tables
1 Global Accounts Payable Automation Market Outlook, By Region (2024-2032) ($MN)
2 Global Accounts Payable Automation Market Outlook, By Component (2024-2032) ($MN)
3 Global Accounts Payable Automation Market Outlook, By Solution (2024-2032) ($MN)
4 Global Accounts Payable Automation Market Outlook, By Invoice Processing (2024-2032) ($MN)
5 Global Accounts Payable Automation Market Outlook, By Electronic Invoicing (2024-2032) ($MN)
6 Global Accounts Payable Automation Market Outlook, By Workflow Automation (2024-2032) ($MN)
7 Global Accounts Payable Automation Market Outlook, By Payment Automation (2024-2032) ($MN)
8 Global Accounts Payable Automation Market Outlook, By Fraud Detection & Risk Management (2024-2032) ($MN)
9 Global Accounts Payable Automation Market Outlook, By Data Capture & Validation (2024-2032) ($MN)
10 Global Accounts Payable Automation Market Outlook, By Services (2024-2032) ($MN)
11 Global Accounts Payable Automation Market Outlook, By Professional Services (2024-2032) ($MN)
12 Global Accounts Payable Automation Market Outlook, By Managed Services (2024-2032) ($MN)
13 Global Accounts Payable Automation Market Outlook, By Deployment Mode (2024-2032) ($MN)
14 Global Accounts Payable Automation Market Outlook, By Cloud-based (2024-2032) ($MN)
15 Global Accounts Payable Automation Market Outlook, By On-premises (2024-2032) ($MN)
16 Global Accounts Payable Automation Market Outlook, By Organization Size (2024-2032) ($MN)
17 Global Accounts Payable Automation Market Outlook, By Small and Medium-sized Enterprises (SMEs) (2024-2032) ($MN)
18 Global Accounts Payable Automation Market Outlook, By Large Enterprises (2024-2032) ($MN)
19 Global Accounts Payable Automation Market Outlook, By End User (2024-2032) ($MN)
20 Global Accounts Payable Automation Market Outlook, By BFSI (Banking, Financial Services, and Insurance) (2024-2032) ($MN)
21 Global Accounts Payable Automation Market Outlook, By IT and Telecom (2024-2032) ($MN)
22 Global Accounts Payable Automation Market Outlook, By Retail and E-commerce (2024-2032) ($MN)
23 Global Accounts Payable Automation Market Outlook, By Healthcare (2024-2032) ($MN)
24 Global Accounts Payable Automation Market Outlook, By Manufacturing (2024-2032) ($MN)
25 Global Accounts Payable Automation Market Outlook, By Energy and Utilities (2024-2032) ($MN)
26 Global Accounts Payable Automation Market Outlook, By Government (2024-2032) ($MN)
27 Global Accounts Payable Automation Market Outlook, By Other End Users (2024-2032) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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