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Worldwide Accounts Payable Applications Market Shares, 2023: AI Heralds a Transformative Shift in Accounts Payable Processes

Publisher IDC
Published Aug 30, 2024
Length 15 Pages
SKU # IDC19127339

Description

Worldwide Accounts Payable Applications Market Shares, 2023: AI Heralds a Transformative Shift in Accounts Payable Processes


This IDC study examines the market shares of the leading vendors in the accounts payable applications market."In an era where efficiency and strategic financial management are paramount, the integration of AI and machine learning in accounts payable processes heralds a transformative shift. This evolution from manual to automated systems not only enhances accuracy and speed but redefines the role of AP within organizations, turning it into a strategic asset. As businesses navigate through this change, the adoption of accounts payable automation emerges as a critical determinant of competitive advantage, propelling companies into a future of informed decision-making and financial agility," said Kevin Permenter, senior research director, Enterprise Applications at IDC.

Table of Contents

15 Pages

IDC Market Share Figure

Executive Summary

Advice for Technology Suppliers

Market Share

Who Shaped the Year

Market Movers

Mergers and Acquisitions

Market Context

Significant Market Developments

Methodology

Market Definition

Related Research

Pricing

Currency Rates
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