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The company has given its top five predictions based on its decades of experience in the sector:

More demand for invoice processing technologies. The number of companies utilising this software will increase as more companies continue to recognise its ability to free up time for AP staff to focus on more value-adding, strategic activities.

Electronic invoice authorisation. Solutions that digitise the authorisation process will become key for improving productivity, cutting late payment penalties and providing complete visibility of the approval process.

Mobile. With growing pressure to increase productivity, there will be a greater need for AP solutions that work on mobile devices to allow invoice approvals and purchase order requisitioning whilst 'on the move'.

Cloud. Despite on-premise AP systems still proving most popular, there will be a continued rise in the purchase of cloud technologies.

Embracing automation. Over the next few years automation will become commonplace and to remain competitive in the job market, staff will need to adapt to this shift, rather than having it inevitably forced on them.
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