As digital transaction management become more revolutionised, artificial intelligence takes on the center stage in driving enterprise growth, according to Aragon Research.
Finance leaders must keep tabs on how this technological advancement transforms the business scene as the market veers to an increasing reliance on AI assistants to automate and digitise paper transactions.
The 2024 Aragon Research Globe™ for Digital Transaction Management (DTM) finds that as enterprises embrace AI-powered automation, the transformation of paper-based processes into streamlined digital workflows is accelerating, with the market expanding as e-signing becomes a critical business tool, driving increased competition among providers.
While the DTM market still has a large volume of paper transactions awaiting digitisation, it is also becoming a replacement market. Providers are racing to develop Intelligent Assistants that can automate tasks and answer questions, further enhancing the value of DTM solutions.
