A Whitepaper written by PayStream Advisors and sponsored by Metafile

Research carried out by PayStream Advisors predicts that the market for accounts payable or invoice automation solutions will grow rapidly over the next five years.  Accounts payable departments' share a significant portion of the billion dollar imaging and workflow automation pie, which while small today, will expand as organizations turn to automation as AP departments seek to streamline and optimize their operations and adapt to changes in the regulatory environment.

Stages of AP Automation

Stages of AP Automation. Click to enlarge.

PayStream Advisors also believes that the following factors will shape the evolution of the accounts payable solution market, and organizations comtemplating an accounts payable or invoice automation solution will want to take them into account:

  • Advanced OCR will be a catalyst for adoption
  • Imaging & Workflow solutions and "Web Invoicing" will cross pollinate
  • Front end solutions will prevail
  • Organizations will see 'straight-through-processing'
  • Impact of AP Automation on the financial supply chain
  • Multiple solution models will co-exist
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