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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. AvidInvoice provides 3-way matching to simplify and speed up processing. That visibility is everything.”

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

AvidXchange

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?

AvidXchange

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

AvidXchange

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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What is Intelligent Document Processing?

Nanonets

The manual process of collating this information requires a significant amount of time and resources, ultimately underutilizing or burdening a company's most valuable asset - its human talent. Improved Accuracy A 2008 research paper analyzed the occurrence of human errors in data processing.

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

AvidXchange

When the 2008 financial crisis struck, real estate management firms were largely operating as they had been for decades. Automated AP solutions are especially helpful to real estate firms because of the industry’s notoriously complex, time-consuming AP processes. The recession caught many off guard.

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How AP Automation Can Help Construction Firms Prepare for a Potential Recession

AvidXchange

The financial crisis of 2008 rocked the construction industry. While another recession is a real possibility, we’re not at the same level of crisis we experienced in 2008.” Thirty percent said they’re prioritizing automation to streamline internal processes like those in the back office.

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