Macro Trends
What percent of AP teams work in a hybrid model today?
15%, 46%, 68%, or 93%
46%
What is the #1 digitization priority for the finance back office this year?
AP
What do AP teams report as the #1 challenge to converting more of their AP spend to ePayments?
Supplier willingness to accept ePayment types
What relationship has grown more important this last year for 71% of firms?
Vendor/supplier relationships
Including this year's report, how many State of AP reports have we published?
7
Who is currently our largest active customer?
Lovesac
When it comes to ___, AP teams and their suppliers are playing a blame game where they each list the other as the biggest obstacle inhibiting its adoption.
ePayments
What is the most common barrier to AP automation?
"Our current processes work"
Which payment type decreased across the most organizations over the last year?
Checks
What is the most popular payment priority amongst vendors?
Speed of payment
This year's report features data from our first ever ___ survey.
Supplier
When did MineralTree initially announce its partnership with American Express?
2017
What is the #1 pain point for AP teams in the supplier payment process?
Enrolling and managing suppliers
In 2021, only 32.3% of organizations had automated their AP process. Did that stat shrink, stay the same, or grow in this year's report?
Grow, to 51.9%
What is the most popular driver for AP teams when selecting supplier payment methods?
Ease of use
What is the most common type of vendor inquiry?
Status of invoice/payment
What are three themes of this year's report?
ePayments, AP automation, Remote Work, COVID-19 effects, or Vendor/Supplier Relationships
Which ERP integration was MineralTree's First?
QuickBooks DeskTop
What is the most common AP challenge caused by ongoing supply chain disruptions?
Invoice processing issues and delays
What percent of firms have fully automated their AP?
16%, 35%, 63%, or 87%
16%
Almost half (44%) of vendors noted that they are not pleased with the service they receive from AP when it comes to ____.
Inquiries
What is the biggest pain point for suppliers in the customer payment process?
Following up on invoice/payment status
When did MineralTree execute our first payment?
October 2010, December 2010, February 2011, or April 2011
February 2011
What percent of organizations currently anticipate hiring challenges/delays for quality AP staff?
18%, 27%, 54%, or 75%?
54.3%
What is the most popular AP task to automate?
Invoice approval workflows
What percent of suppliers want to receive more electronic payments from their buyers?
15%, 41%, 67% or 82%
82.2%
What is the most popular benefit of ePayments reported by vendors?
More timely payments
How many individuals were surveyed in this year's State of AP survey?
< 500, 500-1000, 1000-1500, or > 2000
1000-1500. We had 1,092 total respondents: 912 for regular survey, 180 for supplier survey
How much did Global Payments pay for acquiring MineralTree?
$500M