Accounts Payable Automation Market is Except to Reach US$ 5.1 billion by 2031 with a CAGR of 11.9%, Dominate by North America With 38% Market Revenue

The Global Accounts Payable Automation Market reached US$ 2.1 billion in 2022 and is projected to witness lucrative growth by reaching US$ 5.1 billion by 2031. The market is growing at a CAGR of 11.9% during the forecast period 2024-2031.

The Accounts Payable Automation market is growing as organizations cut processing costs, eliminate manual errors, accelerate payment cycles, enhance compliance, and adopt AI-driven finance operations for scalable, touchless workflows.

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United States: Key Industry Developments

✅ January 2026: The U.S. AP automation market accelerated with AI-driven invoice processing achieving 98% accuracy rates, reducing manual touchpoints by 85% and enabling real-time supplier payments for Fortune 500 firms amid stringent compliance demands.

✅ December 2025: Stampli released Pay by Bill 2.0, a generative AI platform automating 95% of AP workflows from invoice capture to approvals, integrating with QuickBoks and NetSuite to slash processing costs by 70% for mid-market enterprises.
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✅ October 2025: Bottomline Technologies launched Paymode-X Enterprise Edition with embedded virtual card payments, boosting early payment discounts capture by 40% while ensuring PCI-compliant security for high-volume U.S. healthcare providers.
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Asia Pacific / Japan: Key Industry Developments
✅ January 2026: Japan's AP automation adoption surged 28% YoY, driven by mandatory e-invoicing under revised Invoice Preservation Act, with cloud solutions capturing 62% market share for streamlined cross-border supplier reconciliations.
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✅ November 2025: Fujitsu introduced AP Automation Suite powered by generative AI, automating 92% of invoice matching for manufacturing giants like Toyota, cutting DPO from 45 to 22 days while integrating with SAP S/4HANA.
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✅ August 2025: Ricoh Japan launched Digital AP Platform with blockchain verification, achieving zero-touch approvals for 80% of invoices and reducing fraud incidents by 95% across financial services firms compliant with FIEA regulations.

Accounts Payable Automation Market Recent M&A activities:-
→ In December 2025, Basware acquired Redmap, an Australian provider of accounts payable automation solutions, to expand its AI-driven AP capabilities in the Asia-Pacific region. This acquisition strengthens Basware's invoice lifecycle management and automation portfolio.

→ On October 15, 2025, TPG and Corpay completed the acquisition of AvidXchange Holdings, Inc. AvidXchange, a leading accounts payable automation software provider, was taken private in a deal valued at approximately $2.2 billion (at $10.00 per share).

→ In July 2025, Tipalti acquired Statement, an AI-native treasury automation provider. While the transaction value was not publicly disclosed, the acquisition (signed June 16, 2025) brought real-time, AI-driven cash intelligence into Tipalti's finance automation suite, complementing its AP automation capabilities.

→ On July 15, 2025, Rydoo acquired Semine, a European leader in AI-powered accounts payable automation technology. This move enhances Rydoo's expense and AP automation offering across the EMEA region; the deal's financial terms were not disclosed publicly.

Accounts Payable Automation Market key Players:-

SAP Ariba, Tipalti, Zycus, Sage Software, Bottomline Technologies, Coupa Software, FreshBooks, FIS, FinancialForce and Vanguard Systems.

Top 5 Key Players Analysis:-

SAP Ariba - A global leader in AP automation with strong ERP integration and enterprise adoption, holding about 19% of the market share.
It's widely used by large enterprises for end-to-end invoice and payment workflows.

Coupa Software - Holds nearly 14% market share, driven by its cloud-native spend and payable automation platform.
Known for ease of use and strong adoption in manufacturing and financial sectors.

Tipalti - Fast-growing AP automation specialist focused on global payables, compliance, and payment workflows.
Popular with high-growth businesses for automated supplier payments and reconciliation.

Zycus - Comprehensive AP automation provider with strong procurement and invoice processing tools.
Offers solutions that reduce operational costs and improve invoice cycle visibility.

Sage Software - Delivers cloud-based financial management and AP automation tools tailored for SMEs.
Focuses on affordability and scalability for small and medium businesses.

Accounts Payable Automation Market Top Technological Partnerships (2026 & 2025):-

Stampli × Oracle (Mar 2025)
• Strategic integration announced to embed Stampli's AI-driven AP automation into Oracle NetSuite, enabling streamlined invoice capture, routing, and approval workflows directly within the ERP environment.
→ Enhances real-time processing and reduces manual work.

Ariba × AvidXchange (Mar 2025)
• Partnership to combine Ariba's global supplier network with AvidXchange's invoice automation capabilities digital supplier invoicing and automated approvals across enterprise purchase-to-pay workflows.
→ Improves supplier collaboration and invoice accuracy.

Nvoicepay × Paycor (Jun 2025)
• Strategic go-to-market partnership with Paycor's HR and payroll platform for integrated AP automation.
→ Seamless supplier payments and approvals embedded for small-to-mid enterprise customers.

Coupa Software × Deloitte (Feb 2025)
• Partnership to co-deliver end-to-end AP automation and advanced spend management solutions for large enterprise clients.
→ Combines Coupa's automation expertise with Deloitte's implementation and transformation services.

Oracle Expansion (Mar 2025)
• Launch of Oracle Accounts Payable Automation within Oracle Fusion Cloud ERP with AI-assisted invoice processing, enhanced supplier portals, and workflow automation.
→ Strengthens Oracle's AP automation ecosystem and incentives for deeper ERP adoption.

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Accounts Payable Automation Market Drivers :-

Over 70% of enterprises prioritize automation to cut invoice cycle times and boost productivity, driving significant AP software uptake.

Organizations that automate AP can reduce processing costs by up to 82% compared with manual workflows a key economic incentive speeding conversion from legacy systems.

Cloud-based deployments now make up 65% of the market, thanks to scalability, lower entry costs, and remote accessibility a major factor in SME and enterprise growth alike.

43% of vendors embed AI/ML for smart invoice capture, predictive analytics, and fraud detection enhancing accuracy and enabling touchless processing, which accelerates adoption.

Accounts Payable Automation Market Regional Insights:-

North America
• North America is the largest regional market, contributing approximately 38% of the global AP automation market share driven by advanced IT adoption and enterprise investment in automation.
• Strong demand from BFSI, healthcare, and manufacturing sectors supports continued dominance through 2030.

Europe
• Europe holds the second-largest market share at around 28%, buoyed by e-invoicing mandates and compliance requirements across EU countries.
• Germany, the UK, and France are key contributors, with European enterprises increasingly adopting hybrid cloud deployments.

Asia-Pacific
• Asia-Pacific accounts for roughly 24% of global market share and is the fastest-growing region due to rapid digitalization and SME uptake.
• Growth is led by China, India, and Japan embracing cloud-based AP automation to improve efficiency and scalability.

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Accounts Payable Automation Market Market Segmentation
By Component:
The Accounts Payable Automation market is segmented by component into solutions and services, reflecting how organizations adopt both technology platforms and ongoing support. While solutions drive core invoice processing and workflow automation, services ensure seamless implementation, customization, and long-term system optimization.

By Deployment Type:
Based on deployment type, the market is divided into on-premises and cloud-based models, catering to varying enterprise needs. Cloud-based deployments are gaining traction due to scalability and lower infrastructure costs, while on-premises systems remain relevant for organizations prioritizing data control.

By Industry Vertical:
By industry vertical, the market serves a wide range of sectors including retail, BFSI, IT and telecom, manufacturing, healthcare, and energy utilities. Each industry adopts AP automation to address sector-specific challenges such as high transaction volumes, regulatory compliance, and cost efficiency.

This research report delivers actionable insights, data-driven analysis, and future-ready perspectives that enable informed decision-making, reduce market risks, and uncover growth opportunities across the industry

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