AI has moved from theory to practice in AP

Based on responses from nearly 800 accounts payable (AP) professionals across multiple industries, The AI Momentum Report provides the most comprehensive benchmark yet on how finance teams are adopting artificial intelligence (AI), the benefits they’re seeing, and the challenges that remain.

Key findings show that:

• 72% of organizations already use some form of AI in AP, making adoption the norm, not the exception.

• Leaders see AI as a productivity driver and strategic tool, while staff are more likely to frame it as task automation — or even role replacement.

• Manual inefficiencies persist: 37% cite manual data entry and 36% high processing costs as top pain points, yet 44% want AI to solve manual entry first.

• 82% of all organizations plan to invest in AI for AP or finance in the next year, prioritizing data extraction, invoice approvals, and fraud or compliance monitoring.

The report reveals not only the state of adoption today, but also the sentiment and readiness shaping tomorrow’s strategies. Respondents point to proof of accuracy, transparency, security assurances, and team training as essential to building confidence in AI adoption.