Routable - Accounts Payable Automation: Online Marketplaces And The Challenge With High Volume Payouts - August 2022 - A closer look at how innovation in payable is helping online marketplace executives meet the challenge of rapid growth

Accounts Payable Automation: Online Marketplaces And The Challenge With High Volume Payouts

54% of Online Marketplaces Rely on Payments Automation to Manage Burgeoning Volume

The finding comes from a survey of 204 executives done for PYMNTS’ new “Accounts Payable Automation Report,” a PYMNTS and Routable collaboration, which also showed that 94% of online marketplace executives said that innovations to AP platforms were the top priority when it comes to managing their ever-increasing volume.

Inside the August Report

  • 79%: Portion of online marketplace executives who say they expect innovation to speed up payables processing
  • 22%: Portion of online marketplace executives who say insufficient communications undermine their relationships with vendors
  • 70%: Share of online marketplace executives who say their relationships with vendors will improve as they innovate AP platforms

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    Accounts Payable Automation