Over the past decade, Ardent Partners has conducted more Accounts Payable (AP) market research studies than any other firm or consultancy in the industry. In that time, Ardent has benchmarked thousands of distinct mid-market enterprises (defined as those having annual revenues between $50mm – $500mm) across all phases of its proprietary ePayables framework – Receipt, Process, and Pay. Ardent Partners’ AP Pulse on the Mid-Market in 2022 eBook draws on data from the marketplace, curated by Ardent Partners’ market-leading research team, and is a compilation of knowledge and benchmarks needed by mid-market enterprises (“MME”) to gain key insights into accounts payable operations including the top priorities and challenges facing AP today.
Paper and manual invoice processing remain a problem for many midmarket 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. Sixtyeight percent 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.
Download Ardent Partners’ AP Pulse on the Mid-Market 2022 Whitepaper
