Accounts Payable Automation Market: 2026-2031

Description

'Accounts Payable Automation to Save Global Businesses 6.2 Billion Hours by 2031, Accelerated by Business System Integration'

Overview

Our Accounts Payable (AP) Automation research suite provides an insightful analysis of this rapidly growing market; enabling stakeholders to understand future growth, key trends and the competitive environment.

The research suite includes access to data mapping the future growth of the AP automation space, an extensive study covering the latest trends and opportunities within the market, and wide-ranging analysis of 15 leading AP automation solution vendors within the space.

Collectively, these elements provide a powerful tool for understanding this expanding market; allowing AP automation providers to shape their future strategy. Its in-depth coverage makes this research suite an incredibly useful resource for charting the future of such a valuable market.

All report content is delivered in the English Language.

Key Features

Market Dynamics: Extensive insights into the market landscape; analysing how different businesses implement AP automation, and the importance of business system integration. This section also examines how the introduction of eInvoicing mandates is impacting the AP automation space.
Key Takeaways & Strategic Recommendations: In-depth analysis of key development opportunities and key findings within the AP automation market, accompanied by strategic recommendations for AP automation solution providers.
Benchmark Industry Forecasts: Five-year market forecasts spanning 71 countries across eight key regions. The forecasts break down the number of businesses using AP automation, hours saved by automation, and total spend on AP automation solutions, split by large, medium, and small business sizes.
Juniper Research Competitor Leaderboard: Independent assessment of 15 leading AP automation vendors; evaluating their capability and capacity to compete. Provides a clear view of how the competitor landscape is shifting and which players are leading.

The 15 vendors comprise:

Basware
BILL
Comarch
Coupa
FIS
HighRadius
Medius
Mercury
Nanonets
Payhawk
Proactis
Quadient
Tipalti
Vroozi
Zoho

Market Data & Forecasts

The market-leading research suite for the Accounts Payable Automation market includes access to the full set of forecast data of 63 tables and over 32,900 datapoints.

Metrics in the research suite include:

Total Number of Businesses that Use AP Solutions
Total Spend on AP Automation by Businesses
Total Employee Time Saved by Automating AP Processes per annum

These metrics are split by small, medium, and large business sizes.

Juniper Research Interactive Forecast Excel contains the following functionality:

Statistics Analysis: Users benefit from the ability to search for specific metrics, displayed for all regions and countries across the data period. Graphs are easily modified and can be exported to the clipboard.
Country Data Tool: This tool lets users look at metrics for all regions and countries in the forecast period. Users can refine the metrics displayed via a search bar.
Country Comparison Tool: Users can select and compare countries. The ability to export graphs is included in this tool.
What-if Analysis: Here, users can compare forecast metrics against their own assumptions; featuring five interactive scenarios.

1. Key Takeaways & Strategic Recommendations

1.1 Key Trends
1.2 Strategic Recommendations

2. Market Landscape

2.1 Introduction
- 2.1.1 The Process
  - i. Placing Order
  - ii. Receiving Invoice
  - iii. Approval
  - iv. Recording Amount Owed
  - v. Scheduling Payment
  - vi. Executing Payment
  - vii. Recording Payment
  - viii. How AP Automation Affects the Process
  - Figure 2.1: Manual vs Automated AP Process
2.2 Key Trends
- 2.2.1 3-way Matching
- 2.2.2 Software Integrations
  - i. Enterprise Resource Planning
  - ii. Accounting Software
- 2.2.3 Machine Learning
- 2.2.4 No-code/Low-code Solutions
- 2.2.5 Moving from Physical to Digital
  - i. eInvoicing Mandates
2.3 Challenges
- 2.3.1 Approval Dead Ends
- 2.3.2 Lack of Visibility
- 2.3.3 Integrating with Legacy Systems
- 2.3.4 Matching System to Business

3. Competitor Leaderboard

3.1 Why Read This Report
- Figure 3.1: Juniper Research Competitor Leaderboard: Accounts Payable Automation Vendors & Product Portfolio
- Figure 3.2: Juniper Research Competitor Leaderboard: Accounts Payable Automation Vendors
- Figure 3.3: Juniper Research Competitor Leaderboard: Accounts Payable Automation Vendors & Positioning
- Figure 3.4: Juniper Research Competitor Leaderboard Heatmap: Accounts Payable Automation Vendors
3.2 Vendor Profiles
- 3.2.1 Basware
  - i. Corporate Information
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
- 3.2.2 Bill
  - i. Corporate Information
  - Figure 3.5: BILL - Financial Snapshot ($m), 2023-2026
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
- 3.2.3 Comarch
  - i. Corporate Information
  - Figure 3.6: Comarch - Financial Snapshot (PLN m), 2022-2024
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
- 3.2.4 Coupa
  - i. Corporate Information
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
- 3.2.5 FIS
  - i. Corporate Information
  - Figure 3.7: FIS - Financial Snapshot ($m), 2023-2025
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
- 3.2.6 HighRadius
  - i. Corporate Information
  - Figure 3.8: HighRadius - Rounds of Funding ($m), 2027-2021
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - Figure 3.9: HighRadius - Accounts Payable Automation Software Solution Architecture
  - v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
- 3.2.7 Medius
  - i. Corporate Information
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
- 3.2.8 Mercury
  - i. Corporate Information
  - Figure 3.10: Mercury - Rounds of Funding ($m), 2017-2026
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
- 3.2.9 Nanonets
  - i. Corporate Information
  - Table 3.11: Nanonets - Rounds of Funding ($m), 2017-2024
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
- 3.2.10 Payhawk
  - i. Corporate Information
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
- 3.2.11 Proactis
  - i. Corporate Information
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
- 3.2.12 Quadient
  - i. Corporate Information
  - Table 3.12: Quadient - Financial Snapshot (€m), 2023-2026
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
- 3.2.13 Tipalti
  - i. Corporate Information
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
- 3.2.14 Vroozi
  - i. Corporate Information
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
- 3.2.15 Zoho
  - i. Corporate Information
  - Table 3.13: Zoho - Financial Snapshot (₹m), 2024-2025
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
3.3 Juniper Research Competitor Leaderboard Assessment Methodology
3.4 Limitations & Interpretations
- Figure 3.14: Juniper Research Competitor Leaderboard: Account Payables Automation

4. Data and Forecasts

4.1 Methodology & Assumptions
- 4.1.1 Methodology
- 4.1.2 Assumptions
- Figure 4.1: Juniper Research Country Readiness Index Regional Definitions
- Figure 4.2: Accounts Payable Automation, Invoices Processed Using AP Automation Solutions – Forecast Methodology
- Figure 4.3: Accounts Payable Automation, AP Automation Solution Subscriptions – Forecast Methodology
- Figure 4.4: Accounts Payable Automation, Time Saved by AP Automation Solutions – Forecast Methodology
4.2 Market Summary
- 4.2.1 Number of Businesses that Use AP Automation Solutions
- Figure & Table 4.5: Total Number of Businesses that Use AP Solutions (m), Split by 8 Key Regions, 2026-2031
- 4.2.2 Total Spend on AP Automation
- Figure & Table 4.6: Total Spend on AP Automation by Businesses ($m), Split by 8 Key Regions, 2026-2031
- 4.2.3 Time Saved by Automation
- Figure & Table 4.7: Total Employee Time Saved by Automating AP Processes per annum (million hours), Split by 8 Key Regions, 2026-2031
4.3 Forecast by Business Size
- 4.3.1 AP Automation Revenue
- Figure & Table 4.8: Total Revenue from AP Automation Solutions ($m), Split by Client Business Size, 2026-2031
- 4.3.2 Time Saved by Automation
- Figure & Table 4.9: Total Employee Time Saved by Automating AP Processes per annum (million hours), Split by Business Size, 2026-2031
4.4 Related Research