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Gartner Market Guide explains how AP Invoice Automation technologies are revolutionizing Finance

In this report, Gartner shares key insights about new technologies and vendor capabilities in the AP Automation space, including:

"Hyperautomation technologies are increasing touchless rates at every step in the accounts payable process."

“ML parsing of machine-readable documents (where the document is not an image) can increase accuracy rates to the high 90% range."

Read the report for more Gartner insights (you'll get immediate access and receive a copy via email). Learn why OpenEnvoy is recognized for AP Invoice Automation Solutions.

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner research organization and should not be construed as statements of fact. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner research organization and should not be construed as statements of fact. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Gartner Market Guide explains how AP Invoice Automation

You can’t move at the pace of business with an AP solution that's holding you back. Gain control, speed, and confidence with the only AI-native, highly scalable AP platform that pays for itself in days, not years.

Unlock working capital and cash flow

Eliminate wasted spend with a forensic-level audit to identify discrepancies before payment. Use the detailed view of discrepancies provided by Match Results to streamline provider disputes.

Shorten payment timelines

Automatically review thousands of invoices in real-time. Enable your organization to build stronger relationships with suppliers. Automate complex reconciliation process. Generate accruals and credit memos.

Supply chain visibility you can trust

Forecast cash and inventory needs by leveraging key financial insights for spend planning. Access a holistic view of company spending with real-time dashboards that use filtering controls. See provider ratings and track supplier billing performance.