Today, AvidXchange (ADVX), a leading accounts payable (AP) automation software provider, partnered with the Institute of Finance and Management (IOFM) to release a survey of 500 AP professionals. Automation is bringing color to the often black white numbers role that has long been stereotyped as “penny-pinching and list-checking,” while fostering happier and healthier work environments. 

Survey Results finds:

• Employees in automated departments are twice as likely to "strongly agree" that their organization offers career advancement opportunities compared to those in manual environments.
• 75% of AP departments with some level of automation operate remotely or hybridized compared to departments with less automation that remain tied to an office based model.

As AI automation becomes more integrated into financial roles, professionals gain access to data-driven insights that enhance their work and make daily tasks more strategic. This shift also supports improved work-life balance, allowing employees to perform at their best. Please see the link to the full press release here. I’m also happy to connect you with Dan Drees to further discuss what this research means for the future of AP careers.