AP Pros Face Growing Layoff Concerns and See Automation as a Career Lifeline

CHARLOTTE, N.C., Aug. 26, 2025 (GLOBE NEWSWIRE) -- AvidXchange, a leading provider in accounts payable (AP) automation software and payment solutions for mid-market businesses and their suppliers, in partnership with the Institute of Finance and Management (IOFM), surveyed 588 AP professionals across industries to explore their top challenges and how automation and AI are helping them navigate uncertainty and plan for the future. Rising Uncertainty Fuels Skill Building and Career Growth Amid growing concerns about job security, nearly half (45%) of AP professionals report concerns about potential layoffs in 2025, a steep jump from 27% in 2024. In response, many are proactively seeking ways to boost their productivity, strengthen their skills and expand their roles, allowing them to focus on higher level work that’s less easily replaced by AI. 53% are taking on stretch assignments to boost their job security, up significantly from 34% last year.59% are actively learning new skills and technologies, including automation and AI. Yet despite these efforts, only half of AP professionals say they have access to growth or skills development opportunities in their current roles, and just 40% believe they have a clear path to advance their careers. This heightened sense of job insecurity also affects how they take time off. In 2024, 61% of AP professionals left more than a quarter of their PTO unused, with 27% citing concerns about job security or career progression. These workforce concerns reflect broader market pressures. AvidXchange’s 2025 Economic Sentiment Survey found that 86% of finance professionals remain worried about the economy, and nearly one in two expect a recession within the next 12 months. Against this backdrop, AP professionals are doubling down on skill building and automation to increase their productivity, elevate their work, and secure their futures. “Economic uncertainty is reshaping finance roles, and AP professionals are responding by stepping up. They’re taking on more responsibility, investing in new skills, and using automation to secure their careers and add more strategic value to their companies,” said Dan Drees, President of AvidXchange. Automation and AI as Career Growth Engines The report found strong optimism about the role automation can play in improving job performance and long-term career prospects: 74% say access to tools and technology supports their career growth.69% believe automation would have an immediate positive impact on their current role.72% believe automation would positively influence their long-term career trajectory. AI is also gaining traction as a way to enhance careers: 58% believe AI would have an immediate positive impact on their role.57% believe AI would have a long-term positive impact on their career. By reducing repetitive, manual tasks, automation is freeing AP teams to focus on strategic, higher-value work that contributes to organizational success. Automation Supports Satisfaction and Retention Automation is strongly linked to job satisfaction. Of the AP professionals who said they are "extremely satisfied" in their role, 59% work in largely to fully automated environments. In contrast, only 2% work in environments that are fully manual or paper-based. Manual processes remain a top source of frustration for AP professionals, with the top three tasks AP professionals are eager to eliminate being: Manual invoice approvals (46%)Manual data entry (45%)Exception handling (39%) Flexible work options are also central to retention. Forty percent of AP professionals say flexible hours are essential, and automation is a critical enabler of that flexibility—allowing teams to work from anywhere without being tied to paper-based processes. In an uncertain economy, that flexibility is not just a perk, it’s a necessity. Automation: From Efficiency to Workforce Stability AP automation is more than just a process improvement—it’s a resilience strategy. As professionals face economic uncertainty, job insecurity, and pressure to do more with less, modern tools like automation and AI are becoming essential to maintaining both productivity and morale. Organizations that embrace these technologies not only increase efficiency—they also cultivate a more empowered, future-ready workforce. One AvidXchange customer illustrates the difference automation can make. "Since automating, we’ve significantly reduced the need for our AP staff to perform manual data entry, allowing the team to focus on higher-value tasks and enabling growth within the accounts payable function,” said AvidXchange customer, Tairie Santana Mendez, Property Accounting Specialist at Founders 3 Management Company. To explore the full findings and learn how AP automation can help companies improve employee satisfaction, download the whitepaper: 2025 Accounts Payable Career Satisfaction Report. Survey MethodologyIOFM conducted a survey, in partnership with AvidXchange, comprising of 588 accounts payable professionals. Survey respondents worked in organizations with annual revenue ranging from less than $500,000 to $1 billion or more from various industries and represented staff, middle management, and upper management. The survey was conducted in May 2025. About AvidXchange® AvidXchange (Nasdaq: AVDX) is a leading provider in accounts payable (AP) automation, offering intelligent AP software and payment solutions specifically designed for middle market businesses and their suppliers. With 25 years of industry experience, AvidXchange modernizes the way businesses manage their expenses and payments by offering AI-enhanced software coupled with support from experts. Empowering over 8,500 growth driven businesses, AvidXchange increases efficiency, control, and visibility in financial operations and has securely processed payments to more than 1.3 million suppliers through its proprietary payment network over the past five years. For more information, visit avidxchange.com. About the Institute of Finance and Management Accounting and finance professions have each undergone nothing short of a complete transformation since the Institute of Finance and Management (IOFM) was founded in 1982. Since then, our mission has been, and continues to be, to align the resources, events, certifications, and networking opportunities we offer with what companies need from the accounting and finance functions to deliver market leadership. IOFM empowers accounting and finance professionals to maximize the strategic value they offer their employers. Our enduring commitment to serving the accounting and finance professions is unmatched. IOFM has certified over 25,000 accounting and finance professionals and serves several thousand conference and webinar attendees each year. IOFM is proud to be recognized as the leading organization in providing training, education and certification programs specifically for professionals in accounts payable, procure-to-pay, accounts receivable and order-to-cash, as well as key tax and compliance resources for global and shared services professionals, controllers, and their finance and administration (F&A) teams. Learn more at IOFM.com. Media Contact:Alexis RiddickPublic Relations ManagerAvidXchangepr@avidxchange.com

AP Pros Face Growing Layoff Concerns and See Automation as a Career Lifeline

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