Enterprises investing in AI within the financial technology sector are realizing a 136% return on investment, saving $1.36 million for every $1 million invested over three years, according to a global study by Financial Times Longitude for Basware. Despite ongoing economic uncertainty and global trade disruptions, AI adoption is proving to be a direct driver of financial performance. With the global AI market projected to hit $4.8 trillion by 2033, interest in AI-driven efficiencies continues to surge.
Basware’s "AI to ROI" report reveals that companies making substantial AI investments are seeing real financial benefits—82% reported increased revenue, and 53% experienced higher gross profits. Cost efficiency remains the top priority for CFOs as finance teams face cash flow pressures and inefficiencies from manual processes. The research found that AI helps address key challenges like data accuracy, fraud detection, and workflow delays. Notably, 75% of companies said AI allows employees to focus on more strategic work rather than repetitive tasks.
In response to these findings, Basware is launching InvoiceAI, an integrated AI framework designed to optimize the invoice lifecycle. The first products—AP Business Agent and AP Data Agent—use generative AI and natural language processing to help accounts payable teams identify patterns, summarize invoice data, and generate actionable insights. Trained on over 2.3 billion real-world invoices, InvoiceAI reflects Basware’s 40 years of leadership in invoice management, having processed over $10.1 trillion in business spend globally.