Ardent has benchmarked thousands of distinct mid-market enterprises across all phases of its proprietary ePayables framework to gain key insights into accounts payable operations including the top priorities and challenges facing AP today.
AP's Impact in the Mid-Market
Paper and manual invoice processing remains a problem for many mid-market enterprises. Not surprisingly, nearly 70% have prioritized AP automation in 2022. The result of this attention was a 48% increase (since last year) in appreciation for AP's value to the overall enterprise. 68% of mid-market enterprises now view AP as "exceptionally or very valuable" and recognize the critical part it serves as an operation supporting enterprise objectives and as a "hub" of intelligence.
68% of Executives say AP is "Exceptionally Valuable" or "Very Valuable"
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