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Miraculous Accounts Payable (AP) Process Improvement Ideas in 2024

Invoicera

Too many unpaid bills or Accounts Payable can weigh a company down and eat its profits. And on average, 48% of businesses make 68% fewer profits because of issues with unattended accounts payable. Let’s begin by understanding a little about accounts payable. What Are Accounts Payable?

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How Accounts Payable Automation Benefits Security

AvidXchange

Understanding how accounts payable (AP) automation benefits security is extremely important in today’s climate, as criminals are upping their game to take advantage of new opportunities. billion in 2016, providing treasurers plenty of motivation to switch to automated, more secure payment methods.

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How to Fight Accounts Payable Fraud

AvidXchange

Accounts payable fraud is a major problem. They’re taking advantage of the Digital Era’s easy access to private accounts and information in malicious ways that are easily overlooked. billion in total losses from ACFE cases in 2016. billion in total losses from ACFE cases in 2016.

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How Automation Empowers a Community Association Management Firm to Better Serve its Multi-Million-Dollar Portfolio

AvidXchange

Industry: Homeowner Association/Community Management Product: AvidStrongroom, AvidPay Year Joined: 2016 Integration: Vantaca Location: Washington, D.C. We needed to offboard the data entry and payment process to allow our staff to service our clients in other ways.”

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Accounting for a capital lease

Accounting Tools

Note: The lease accounting noted in this article changed with the release of Accounting Standards Update 2016-02, which is now in effect. Consequently, the following discussion only applies to lease accounting prior to 2019. See the Accounting for Leases course for the latest information about lease accounting.

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An Overview of Netsuite AP Automation

Nanonets

The traditional approach to accounts payable can be time-consuming, error-prone, and resource-intensive, hindering the organization's ability to focus on strategic initiatives. and later acquired by Oracle Corporation in 2016. It was originally founded in 1998 as NetSuite Inc.

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How AvidXchange Transformed Payment Processing for 9thWonder

AvidXchange

The Challenge Since 2016, 9thWonder has been busy building out a network of full-service agencies around the world. With a network of seven agencies worldwide, 9thWonder provides clients with a holistic full-service experience that seamlessly takes a brand from digital and web development to social, media, creative and beyond. Confidently.”