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800 Employees and Counting: AvidXchange’s Year of Record Growth

AvidXchange

AvidXchange , leading provider of accounts payable and payment automation solutions for midsize companies, recently exceeded 800 employees. This is a major milestone for us, since we were nearing the 80 employee mark at the end of 2011.

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What You Should Know Before You Invest in AP and Payment Automation

AvidXchange

Nicholas Moussab is a sales professional who has spent more than ten years helping organizations optimize their accounts payable and payment processes. About Nick: Nicholas Moussab is a sales professional who has spent more than ten years helping organizations optimize their accounts payable and payment processes.

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Development Company Slashes Invoice Processing Time by Nearly 60%

AvidXchange

Products Used: TimberScan Titanium Industry: Construction Year Joined: 2021 Accounting System: Sage Intacct Customer: Fred Herbst, FL Star Group Bio: Fred Herbst graduated Cum Laude with a degree in Business Management from Florida Gulf Coast University in 2011.

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The neXt Era: The Past is Prologue

AvidXchange

By 2003, their invoice approval software, AvidInvoice, was enabling companies to route invoices electronically and create intelligent workflows to automate their accounts payable processes. In 2011, AvidXchange formed a new Energy Information Services (EIS) group, delivered by EnergySolve.

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What is ACH Fraud and How to Combat It

MineralTree

These malicious actors use social engineering tactics such as contacting an AP team and requesting them to update payment information into a fraudulent account or by manipulating victims into providing confidential data, such as bank account numbers and passwords. was exposed in 2011, other versions of this virus began to spread.

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Looking to Build Business Credit? Take Advantage of Net 30 Accounts to Get Started

Nanonets

After a reliable payment track record, some vendors will even grant net 45, net 60, or net 90 payment terms, meaning your accounts payable team could have 45, 60, or even 90 days to work through the AP cycle and submit payments.  As always, be smart and calculated when entering into debt agreements of any kind.

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Top FinTech Trends for 2018

AvidXchange

A lot has happened in the blockchain world since its launch in 2011, and this year its growth is proof that 2018 may be the biggest blockchain and bitcoin year yet. RPA minimizes processes in the finance department including accounts payable automation – the process of paying suppliers and vendors for goods and services.