Meet AI in AP Automation
03/26/2024
Artificial intelligence (AI) comes in many forms (for a complete history of AI in procurement see our recently published autogmentation series) and despite being a consistent ‘hot topic’ for well over a decade now, continues to grow and evolve each year in the procurement industry.
In this series of articles we explore the current state of AI in procurement technology. We recently examined Supplier Management, Risk Management, Spend Analytics and eProcurement; today we focus on AP Automation. We give an overview of its capabilities, a high-level market outline and an introduction to the emerging field of GenAI.
The high-level market overview uses data from a recent Spend Matters vendor survey. The respondents of the survey can be found below:
List of all providers that answered our survey:
Acquire Insights, Agiloft, Airbase, apexanalytix, Archlet AG, Arkestro, askLio, Basware, CategoryAI Inc., Certa, Corcentric, Coupa, Creactives SpA, Deployed, ebidtopay, Evisort, Inc., Fairmarkit, Forestreet, GEP, Globality, Interos, Ivalua, LevaData, Malbek, Market Dojo, Mithra-Ai Solutions, Opstream, Oracle, ORO Labs, Photon Commerce, Prevalent, Inc., ProcureVue, Requis Inc, Rosslyn, SAP, Sievo, Simfoni, Sirion, SpendHQ, Spendkey Limited, Spendscape by McKinsey, Suplari, Tradeshift, Vroozi, Yooz, Zapro AI
List of all providers that provided inputs on AI in AP Automation:
Airbase, Basware, Corcentric, Coupa, ebidtopay, GEP, Ivalua, Oracle, Photon Commerce, SAP, Spendkey Limited, Tradeshift, Vroozi, Yooz, and Zapro AI
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AP/I2P CORE P2P S2P06/26/2023
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AP/I2P EPRO11/19/2018
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AP/I2P12/01/2016
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AP/I2P CORE P2P S2P06/26/2023
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AP/I2P EPRO11/19/2018
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AP/I2P12/01/2016