Xero

JUNE 15, 2022

Through his experience, Michael saw a bigger opportunity to help small businesses with their bills and expenses via the cloud. “I I realised that creating a piece of software that could extract data from bills would create immense value for a larger potential customer base,” Michael says. Hitting the right notes.

XERO 246

XERO Data Entry General Ledger Invoicing 246

AvidXchange

DECEMBER 1, 2016

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.

Accounts Payable 40

Accounts Payable Accounts Payable Billing Invoicing 40

AvidXchange

OCTOBER 11, 2022

The challenge: High turnover rate and long approval process The accounts payable (AP) department of Saban Community Clinic struggled to retain qualified healthcare AP workers, making it difficult to maintain business continuity and process invoices and payments on time.

AP 52

AP Accounts Payable Accounts Payable Invoicing 52

AvidXchange

SEPTEMBER 24, 2020

Our accounts payable (AP) department, already bogged down by time-consuming, manual tasks, was overloaded by the sheer number of additional invoices. Many of the checks that we were processing in-house were utility and telecommunications bills,” he says, “where it’s critical that all payments are made on time.

AP 40

AP Invoice Processing Invoicing Data Entry 40

AvidXchange

SEPTEMBER 1, 2017

Odds are you pay your rent or mortgage, utilities, and other bills using a card or online payment system. If you log in to a website to pay from your bank account, you are already using electronic payments. Electronic payments, also known as e-payments, allow you to move cash directly from one bank account to another.

Billing 52

Billing Invoicing Deposits Computation 52

AvidXchange

MAY 12, 2025

And then we kind of woke up 2015, 2016 and said, well, there’s obviously an opportunity here. And for those that have a younger generation of kids they’re growing up in an environment where paper checks arent even part of their, you know, repertoire about how they pay bills. Those have typically been our headache.

AR 52

AR Computation Accounts Payable Accounts Payable 52

AvidXchange

JANUARY 16, 2023

So Justin was the founder of a company called Strong Room, which we acquired back in the 2015 timeframe. You know, you know the work that you’re doing every day and the opportunities you see for technology, obviously around the accounts payable payment area is one that you’ve leaned into. So let’s go in.

AP 52

AP General Ledger Accounts Payable Accounts Payable 52