Finance teams are eyeing new investments on artificial intelligence in the coming 12 months, amid acceleration in AI adoption in accounts payable.
This is the findings of a research by Vic.ai, revealing that 82% of finance teams plan to make new investments, while 72% are already using AI in AP or finance.
Research suggests that investment outlook is strong, as organisations pan to prioritising high-impact areas such as data extraction, invoice approvals, and fraud/compliance monitoring.
Respondents pointed to performance benchmarks, transparency, security assurances, and team training as critical to building confidence in adoption.
The AI Momentum Report, which polled nearly 800 AP and finance leaders across industries, found that AI is no longer experimental, as it is now operational.
Many organisations are reporting that they are now using some form of AI in AP or finance, most often to improve work speed, accuracy, and efficiency. Although, the report notes that inefficiencies remain widespread: 37% of respondents still cite manual data entry and 36% highlight high processing costs as top pain points. Among non-users, 44% said data entry is the first process they want AI to solve.
Further, the report reveals that AI strategy is also maturing, as 82% of organisations now have a defined AI strategy for AP, often led by IT in collaboration with finance leaders and AP teams. This marks a shift from opportunistic pilots to structured adoption.
