Accounts Payable Automation
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Aeries Technology Demonstrates 60% AP Processing Acceleration with AI-Powered Invoice Automation
Globenewswireยท 2025-12-08 13:15
Core Insights - Aeries Technology, Inc. has successfully completed a three-month proof of concept with a leading enterprise healthcare organization to modernize accounts payable operations, validating the market opportunity in the $7.1 billion global accounts payable automation sector [1][2]. Company Overview - Aeries Technology is a global leader in AI-enabled value creation and business transformation, founded in 2012, and has received the Great Place to Work Certification for two consecutive years [3]. Industry Insights - The global accounts payable automation market is projected to reach USD 7.1 billion by 2030, growing at a CAGR of 12.5%, with North America accounting for 33.2% of global revenue [2]. - Aeries' consulting-led model is positioned to capture market share by offering rapid, results-driven proof of concepts, which help enterprises validate AI business cases before full deployment [2]. Performance Metrics - Document field extraction accuracy exceeded 70% during the proof of concept [5]. - Invoice processing time dropped by approximately 60%, and operations now run error-free with AI-powered exception handling [5].