Market Guide for Accounts Payable Invoice Automation Solutions

Overview:

“The accounts payable invoice automation market is quickly evolving as new government regulations push organisations to digitise. Gartner® forecasts that the spend on APIA and supplier e-invoicing software will more than double over the next five years.”

At the same time, new trends are emerging across the AP automation landscape for advanced capabilities as enterprises increasingly demand a single solution that can solve the entire capture-to-pay process. “Invoice automation has a number of clear use cases for artificial intelligence (AI) and machine learning (ML) to deliver concrete results across the process.” But with the dizzying array of solutions available, finding the right fit isn’t so easy.

Read this report for recommendations on how to match your business requirements to vendor capabilities.

Gartner, Market Guide for Accounts Payable Invoice Automation Solutions, By Micky Keck, Balaji Abbabatulla,19 July 2021

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’s Research & Advisory organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.

Michael Lapolla

Director - Strategic Financial Solutions

The solution provided by Xcellerate IT went above and beyond our initial expectations and allowed for the future development. This opened the doors to other financial processes beyond AP, such as payroll and HR forms.

The Xcellerate IT solution has been cost-effective since day one.

Mark Taylor

Financial Accounting Manager

The Xcellerate IT solution represents one of the best ‘Value for Money’ technology advancements undertaken in recent times by Council.

Staff time savings and increased job satisfaction are significant.

Study Parramatta

Veronica Correa

Team Leader Accounts

Invoices are now paid faster and suppliers are therefore happier.

We now spend less time on data entry, searching through paper files and answering internal and external queries. Invoices now come straight to one central point.

Southwest Healthcare

Liz Bramich

Assistant Director Finance

Xcellerate IT was very flexible and provided assistance to ensure the project implementation was achieved on time and below budget.

City Of Stirling

Graham Reddin

Finance Manager

The introduction of Xcellerate IT’s solution has revolutionised our accounts payable operations and there is still great potential for further advancement in workflow processing.

Campbelltown City Council

Cathy Gavin

Finance & Tax Accountant

Xcellerate IT’s solution has provided quantifiable efficiencies and savings, and the support of our consultant through the whole implementation process was, and continues to be, excellent.

Selina Beauchamp

Finance Operations Manager

This is something we never thought possible!

Preeti Roberts

Senior Financial Systems Manager
Financial Services Team

We’ve been a Kofax customer for eleven years …
The product is brilliant, easy to use and incredibly accurate.

This is a fantastic innovation.