A recent study by embedded finance platform Weavr reveals that 94% of Accounts Payable (AP) professionals want their software to do more than prepare payments—they want it to execute them as well. This growing demand for end-to-end automation highlights a significant shift in expectations from AP systems.
Currently, only 15% of AP professionals can manage all essential tasks using a single tool. Most—around 82%—still rely on two or more platforms to handle their processes, leading to inefficiencies and increased risk of error.
Manual data handling remains a major pain point. About 21% of respondents find the need to import and export data across multiple systems increasingly frustrating. Meanwhile, 72% cite human error during manual entry as a key concern, pointing to a widespread need for smarter solutions.
Weavr’s research shows that AP professionals are seeking integrated features such as bulk payment execution, automated reconciliation, and pre-filled details for recurring transactions—all within their existing platforms.
Alex Mifsud, CEO and co-founder of Weavr, stated, “Our research into Accounts Payable marks the beginning of our mission to explore sectors that stand to gain from embedded finance. We’re focused on simplifying complex workflows and eliminating error-prone steps through automation.”
He added that Weavr’s upcoming product launches will directly address these challenges, embedding financial functions within AP software to offer a more seamless and efficient experience.
The original version of this article was published by Electronic Payments International, a GlobalData-owned platform.
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News Source: ElectronicPaymentsInternational.com
