In “Accounts Payable and Receivable Trends: What’s Next in Automation,” PYMNTS Intelligence used insights from a survey of over 400 executives to assess the investments that mid-sized businesses have made or plan to make to automate their AP and AR processes and the anticipated benefits they can derive from these advancements. Findings detailed in the report revealed that mid-sized firms are increasingly turning to automation to streamline their AP and AR processes. Specifically, 90% of mid-sized firms—those generating between $3.5 million and $15 million in annual revenue—that plan to automate their AP and AR processes expect to achieve more accurate, efficient, and streamlined operations. Additionally, automation reduces the time and labor involved in processing transactions, leading to greater savings and increased cash flow for 44% of these firms. Another key advantage of automation is its role in preventing fraudulent payments.