Top 10 Benefits of AP Payments as a Service: Why Your Business Needs It

Managing accounts payable has traditionally been a labor-intensive and error-prone process for many businesses. Today, forward-thinking companies are transforming their payment operations with AP Payments as a Service —optimizing, monetizing, and securing their payment operations with confidence. Below, we explore the top benefits of adopting this innovative solution and how Finexio's comprehensive turnkey embedded AP payments solution delivers results.

‍Beyond Human Scale Payments

While many organizations incorporate some level of automation, only around 10% have fully automated their AP processing end-to-end⁵. AP Payments as a Service makes it possible for businesses to scale their payment operations to handle increased transaction volumes without sacrificing efficiency, accuracy, or security. With dedicated account service resources and AI-powered supplier optimization and enablement, Finexio AP Payments as a Service ensures consistent payment operations performance with the highest virtual card payment acceptance rates in the payments industry.

Elimination of Manual Check Processing

Finexio's AP Payments as a Service eliminates the burden of manual payment processes entirely - you simply choose who to pay, and Finexio handles everything else. Repetitive tasks such as data entry and approval workflows are taken beyond human scale, so AP teams can focus on more strategic priorities like financial forecasting, vendor relationships, and operational efficiency. Finexio's multi-channel supplier management campaigns drive maximum electronic payment adoption without the manual effort of converting suppliers.

Revenue Generation from Payments

Adding electronic payment capabilities drives substantial bottom-line impact. Revenue from AP payments helps offset procurement platform and invoice automation costs. Finexio leads the payment industry with 2-3 times higher virtual card adoption rates through AI-powered supplier management and is delivering an unprecedented 61% virtual card acceptance rate through Card by Mail, providing a bridge for businesses to move from paper to digital processes.

AI-Backed Payments Fraud Protection

In today’s digital landscape, payment security is non-negotiable. AP Payments as a Service addresses this with built-in fraud protection, including AML (Anti Money Laundering), KYC (Know Your Customer), Office of Foreign Assets Control (OFAC) sanction screening and more. Finexio also offers Finexio Shield, the payment industry’s only AI-backed payment fraud guarantee solution, with $1MM Fraud Loss Recovery.

Lower Operating Costs

The global accounts payable automation market is projected to grow from $1.4 billion in 2024 to $2.8 billion by 2032, reflecting a compound annual growth rate (CAGR) of 8.83%⁴. By partnering with Finexio, businesses can reduce manual check processing costs while generating new revenue through electronic payments. This dual benefit of cost reduction and revenue generation delivers exceptional ROI and can help offset software costs.

Reduced Errors in Payment Processing

AP Payments as a Service significantly reduces errors by eliminating manual intervention and maintaining real-time payment data accuracy. Manual processing often leads to costly mistakes such as incorrect amounts, duplicate payments, and late fees, which can damage your bottom line and strain supplier relationships. Finexio’s secure validation processes, including real-time transaction monitoring and automated error detection, ensure that every payment is accurate, compliant, and processed on time.

Improved Cash Flow Visibility

Businesses utilizing AI for cash flow forecasting have seen their budget accuracy improve by up to 25%³. With Finexio's real-time payment dashboard, you gain complete visibility into your payment operations. Finexio's platform provides instant access to payment status and detailed analytics that help you optimize cash flow management. This comprehensive view enables strategic financial planning and more informed decision-making.

Accelerated Processing Times

The transition to digital payments is a trend. Statistics show that 52% of AP professionals that have adopted electronic payment methods now spend fewer than 10 hours a week processing invoices, down from 62% the year prior, which leads to faster processing times¹. Manual AP processing can take 10 to 15 days per invoice, but digitization brings this down to 2-3 days or even faster. This efficiency improves vendor relationships by ensuring timely payments and reducing late payment fees.

Foster Strong Supplier Relationships

On-time payments are crucial for fostering positive supplier relationships. 40% of AP teams highlight strained supplier relationships as a significant issue. Supplier management is a core function of AP Payments as a Service, helping businesses build trust with their suppliers by reducing late payments and ensuring the right amount is paid on time, every time. Strong supplier management creates a more collaborative relationship and encourages vendors to prioritize your business.¹

Innovative Partner Solutions

Partnering with Finexio provides access to cutting-edge, embedded AP payments tailored to your business, prioritizing payments optimization, monetization, and security. Finexio’s platform is designed to integrate seamlessly with existing systems, providing a flexible solution that meets your unique needs. Our innovative approach to AP payments, backed by industry-leading security features ensure that you’re always ahead of the curve.

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Why Finexio?

Finexio is the only purpose-built platform for embedded payments and the only company that has an AI-backed payments fraud guarantee solution for optimizing, monetizing and securing AP payments.

Ready to transform your AP process?

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Sources:

1. "Accounts Payable Automation Trends: Key Insights and Latest Statistics," Kefron, February 2025, https://kefron.com/2025/02/accounts-payable-automation-trends-key-insights-and-latest-statistics/
2. "10 Accounts Payable Automation Statistics to Know," Quadient, October 2024, https://www.quadient.com/en/blog/ap-automation-by-the-numbers-10-statistics-to-know
3. "Generative AI in AP Automation: Top Trends and Insights for 2024," Centime, September 2024, https://www.centime.com/posts/generative-ai-in-ap-automation-top-trends-and-insights-for-2024
4. "25 Accounts Payable Statistics For 2025," DocuClipper, December 2024, https://www.docuclipper.com/blog/accounts-payable-statistics/
5. "15 Accounts Payable Trends for 2025," MHC Automation, January 2025, https://www.mhcautomation.com/blog/accounts-payable-trends/
6. "Accounts Payable Automation Trends 2024," ACARP, June 2024, https://acarp-edu.org/accounts-payable-automation-trends-2024/