AvidXchange

SEPTEMBER 6, 2017

When I started 17 years ago, we had 30 employees and three computers. Bill : We’ve been AvidXchange customers since 2009, so we were an early adopter of accounts payable automation. We decided to replace and enhance our AP invoice processing and go paperless. You have visibility into every invoice – there’s more transparency.

Accounts Payable 52

Accounts Payable Accounts Payable Billing AP 52

MineralTree

MARCH 2, 2023

With the rise of big data, cloud computing, and other digital technologies, CFOs must harness the power of technology to streamline processes , minimize inefficiencies, and inform their company’s overall strategy. In fact, 61% of teams who have implemented AP automation now process more invoices with the same size team.

AP 83

AP Accounts Payable Accounts Payable AR 83

AvidXchange

SEPTEMBER 29, 2021

From the expansive list of industry myths, three stand out above the rest because they can be especially influential in leading you down the wrong, or right, paths in your processing of invoices and payments. Finance teams don’t have to buy and integrate expensive new hardware or computer servers. Still not convinced?

Accounts Payable 52

Accounts Payable Accounts Payable AP Accounting 52

Nanonets

MAY 31, 2023

Vendor Fraud: Employees collude with external vendors to create fake invoices or overstate charges, leading to improper payments. Satyam Computer Services , an Indian IT services company, faced a major financial shadow spend scandal in 2009. Vendor fraud caused a total loss of $10.24 billion in 2022 alone.

Data Entry 52

Data Entry Auditing Computation Purchase Order 52

Nanonets

MAY 31, 2023

This was evident during the 2008-2009 financial crisis, as shown in McKinsey’s survey above. Robotic Process Automation (RPA) and workflow management tools automate manual processes such as data entry, document processing, and invoice management.

Data Entry 52

Data Entry Invoicing Computation Collections 52