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10 Tips for Accounts Payable Success in 2015

AvidXchange

If you aren’t automated, then make sure that you have internal audit procedures to ensure everyone is held accountable. The post 10 Tips for Accounts Payable Success in 2015 appeared first on AvidXchange. Therefore, there is visibility into every part of the process and late approvers are easy to identify.

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AvidXchange Helps Hotel Operator Save 37 Hours Each Week, Cut Processing Time by 80 Percent

AvidXchange

Our accounts payable (AP) department, already bogged down by time-consuming, manual tasks, was overloaded by the sheer number of additional invoices. ” Easy audits With each hotel ownership group having its own internal and external auditing teams, Murphy was challenged to manage a time-consuming and cumbersome audit process.

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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 2015, AvidXchange acquired Strongroom, an industry leader in the Home Owner Associations (HOA) space.

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How to Reduce Costs with Automatic AP Software

NextProcess

The Accounts Payable (AP) department is often one of the slowest to switch over to automation software or to update older software solutions. Even if things seem to be working okay now, modern Business Process Automation (BPA) can improve accounts payable in ways you might not even have thought of. per invoice.

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Electronic Payment Systems: The Complete Guide

AvidXchange

And you should be mobile-ready, too, as Google reported in 2015 that 10 countries, including the United States and Japan, have more mobile searches than desktop. An upgrade to electronic payments can affect both accounts receivable and accounts payable departments, as the system used to manage payments may be shared between the two functions.

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PODCAST: The Power of Change with Michael Praeger: Strategy 123’s Cat Carmichael on CAM Industry’s Most Pressing Challenges

AvidXchange

So Justin was the founder of a company called Strong Room, which we acquired back in the 2015 timeframe. And his explanation was, this is a payables lockbox. And I thought, what if we could get rid of paper invoices and make it easier on the management company and create a great audit trail? MICHAEL PRAEGER Absolutely.

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What Intuit, Xero, and Sage Earnings Say about Cloud Accounting

Cloud Accounting Podcast

By using Bill.com, accounting firms can free up more time for valuable strategic advisory services by helping clients shift their accounts payable process online. It's amazing how fast - they only started in 2015 - like how fast they've came up to market. Blockchain is no longer going to destroy accounting and all that.

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