Pune, Maharashtra, December 16, 2024 – The global accounts payable (AP) automation market is on an exceptional growth path, projected to expand to $4.5 billion in 2024, and further to an impressive $9.67 billion by 2028. This growth, fueled by a compound annual growth rate (CAGR) of 20.4%, highlights the increasing adoption of touchless processing and digital transformation initiatives across industries.
Leading this wave of innovation is IBN Technologies, a global pioneer in finance and accounting services. The company’s advanced AP automation solutions are revolutionizing financial management by streamlining processes, enhancing compliance, and simplifying operations. “Automating AP processes allows organizations to shift from reactive financial approaches to proactive management, driving greater accuracy and efficiency,” says Ajay Mehta, CEO of IBN Technologies.
Additionally, the report highlighted that the advanced AP automation platform utilizes technologies like artificial intelligence (AI) and machine learning (ML) to provide real-time analytics and enhance workflows. The seamless integration with existing enterprise systems ensures efficiency in vendor payments, minimizes processing errors, and supports remote operations—a critical advantage in today’s dynamic business environment.
IBN Technologies offers flexible AP automation solutions that integrate seamlessly with existing systems and scale with business needs. Designed for businesses of all sizes, these solutions enhance invoice processing, cash flow management, and vendor relationships. With advanced analytics, AI-driven tools, and built-in compliance features, it ensures optimized workflows, reduced risks, and reliable financial accuracy, driving digital transformation in financial management.
As organizations increasingly prioritize efficiency and innovation, IBN Technologies continues to lead the charge in AP automation. By offering a powerful combination of touchless processing, advanced analytics, and seamless system integration, IBN is not just keeping pace with market demands—it is shaping the future of financial operations.
About IBN Technologies
IBN Technologies LLC, an outsourcing specialist with 25 years of experience, serves clients across the United States, United Kingdom, Middle East, and India. Renowned for its expertise in Intelligent process automation includes AP Automation services like P2P, Q2C, and Record-to-Report. IBN Technologies provides solutions compliant with ISO 9001:2015, 27001:2022, CMMI-5, and GDPR standards. The company has established itself as a leading provider of IT, KPO, and BPO outsourcing services in finance and accounting, including CPAs, hedge funds, alternative investments, banking, travel, human resources, and retail industries. It offers customized solutions that drive efficiency and growth.
Contact Details:
Pradip
+1 – 844 – 644 – 8440
USA: IBN Technologies LLC
66 West Flagler Street Suite 900 Miami, FL 33130
India: Global Delivery Centre
IBN Technologies Limited
Kohinoor House, 2nd floor,
691/A/1B, Plot no. 7,
Bibwewadi Road, Pune-411037
