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AP Automation’s Role in Helping Financial Institutions Navigate a Possible Recession  

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Previous economic disruptions, including the financial crisis of 2008, seriously impacted financial institutions and resulted in an onslaught of new compliance and capital requirements. Investing in automation technology, such as accounts payable (AP) software, helps AP staff reduce manual tasks like invoice processing and bill pay.

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How are AP Departments within Homeowners Associations Responding to a Potential Recession?

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HOAs experienced heavy pressure during previous recessions, including the 2008 banking crisis. Thirty-six percent of survey respondents are focusing their investments on automation, including accounts payable (AP) solutions that replace manual back-office processes like invoice processing and bill pay that are critical to operations.

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A Look at How a Potential Recession Could Impact Senior Living Communities

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In 2008, many seniors were unable to sell their homes – or chose not to – when the housing market crashed and the country catapulted into a recession. Instead, many delayed moving into a senior living community.

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How Taking AP Paperless Empowers a Mechanical Services Company to Save Time and Gain Visibility

AvidXchange

Piedmont Service Group shares how AvidInvoice and AvidPay for Microsoft Dynamics GP streamlined their AP Process Ken Oesch joined Piedmont Service Group in 2008 and has served as its CFO for the past nine years.

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Why are Real Estate Firms Turning to AP Automation to Weather a Potential Recession?

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When the 2008 financial crisis struck, real estate management firms were largely operating as they had been for decades. We’ll look at what’s keeping them awake at night, how prepared they feel for a potential recession, and how they are leaning on technology to help them through tough times and a potentially troublesome future.

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Financial Services Industry Faces a Hiring Crisis Amid Economic Uncertainty

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News & World Report. A shift to remote work and The Great Resignation kickstarted a new wave of exits, dangling ample opportunities for change. We’re seeing millennials fed up with the long hours and unfavorable working conditions in banking venture away from banks to work for themselves.

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What is Intelligent Document Processing?

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Improved Accuracy A 2008 research paper analyzed the occurrence of human errors in data processing. This can help to improve the efficiency and accuracy of accounting and finance operations, and also helps to streamline the Accounts Payable process.