AvidXchange

MAY 7, 2019

Businesses that adopt AP automation can reduce accounts payable and payment costs by up to 60 percent. Fraud risks If your organization continues to count on paper checks as the primary vendor payment method, accounts payable fraud is likely in your foreseeable future.

AP 52

AP Accounts Payable Accounts Payable Invoicing 52

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. Headquartered in Houston, Texas, Strongroom has provided accounts payable software solutions to over 200 small and midsize businesses since 2007.

Accounts Payable 40

Accounts Payable Accounts Payable Billing Data Entry 40

NextProcess

SEPTEMBER 26, 2023

If it’s like 69% of companies surveyed in a 2017 study, then you don’t have total visibility into your supply chain ( GEODIS, cited by Finances Online ). NextProcess offers a true end-to-end automation solution that covers budgeting, project management, purchasing, accounts payable, and payments.

Purchase Order 52

Purchase Order Record Keeping Collections Budgeting 52

AvidXchange

MAY 11, 2021

Using AvidXchange software, treasurer approves invoices and checks anytime, anywhere This all changed in 2017 when Rego and his finance team decided to start using the AvidXchange accounts payable (AP) software products, AvidPay and AvidInvoice, to complement their use of the Blackbaud accounting system.

AP 52

AP Invoicing Accounts Payable Accounts Payable 52

AvidXchange

JULY 29, 2021

There are several misconceptions about robotic process automation (RPA), how it works and why it’s important in the context of accounts payable (AP) automation. 4 Technologies Powering the Future of Accounts Payable Automation A lot happens behind the scenes to power accounts payable automation.

AP 40

AP Accounts Payable Accounts Payable Invoice Processing 40

AvidXchange

APRIL 18, 2022

above our December 2017 benchmark, which was when we started tracking middle market spending. Since early 2020, spending increased each quarter and peaked at 18% above our benchmark following Q1 2021. To better understand the trends around financial services spending, let’s start with some key data points. billion in 2018.

Financial Services 52

Financial Services Accounts Payable Accounts Payable AP 52

AvidXchange

OCTOBER 11, 2022

He manages an accounting team of 15 and is charged with making sure the company’s books, financial processes and procedures are accurate and consistent. He keeps an eye on what’s in the accounts payable (AP) queue and ensures that internal management and external auditors have the financial information they need, when they need it.

AP 52

AP Data Entry Invoicing Invoice Processing 52

AvidXchange

AUGUST 20, 2018

According to the Associated General Contractors of America (AGC), construction employment increased in 263 of 358 metro areas between May 2017 and May 2018. Officials warn that the number of skilled workers is dwindling and will continue to do so for the foreseeable future.

Accounts Payable 40

Accounts Payable Accounts Payable AP Computation 40

AvidXchange

JANUARY 18, 2016

On January 14th, AvidXchange – a leading FinTech provider of Accounts Payable and Payment Automation – was joined by Mayor Jennifer Roberts at a press conference today to announce that it will become the exclusive and sole sponsor of the NC Music Factory effective March 1, 2016. Each building will be 200,000 sq.

Accounts Payable 40

Accounts Payable Accounts Payable Accounting Accounting 40

AvidXchange

APRIL 5, 2018

The Fast Track To ePayments We know that outdated, paper-based accounts payable processes have a less-than-stellar reputation in the FinTech industry. In fact, the recent 2017 PayStream Advisors ePayments Report shared that 46% of businesses still rely on printed checks to pay suppliers. How Do Real-Time ePayments Work?

Accounts Payable 52

Accounts Payable Accounts Payable AP Invoicing 52

Billing Platform

JUNE 8, 2023

In 2017, the Telegram payment bot launched providing yet another channel to accept payments for products and services rendered. 6) Visibility and Control When digital payment options are integrated into the accounts payable (AP) system, invoice approval and payment authorizations are easier to monitor and control.

Billing 52

Billing AP Invoicing Accounts Payable 52

AP Association

JULY 5, 2022

When it comes to working in accounts payable, knowing the mistakes that can save you and your company money, time and productivity are essential. For example, if you're filing a vendor's invoices by date, use something like Jan-Mar or April-June instead of 2017/01 or 2017/04.

Invoicing 130

Invoicing Accounts Payable Accounts Payable Computation 130

AvidXchange

JANUARY 10, 2018

There’s an extra layer of security that payments are sent to the correct account with account verification processes. There are also hours given back to the finance department’s work week instead of finding the correct payment method or account information.

AP 40

AP Deposits Accounts Payable Accounts Payable 40

AvidXchange

JANUARY 5, 2018

According to Bitcoin COO and co-founder, Chris Kline, bitcoin grew from $900 at the beginning of 2017 to $6,300 by the beginning of Q4. RPA minimizes processes in the finance department including accounts payable automation – the process of paying suppliers and vendors for goods and services.

Computation 40

Computation Auditing Accounts Payable Accounts Payable 40

AvidXchange

SEPTEMBER 1, 2017

It’s 2017 and online commerce has proven that it is not going away. 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. Why Does Your Business Need Online Payments?

Billing 52

Billing Deposits Invoicing Computation 52

AvidXchange

FEBRUARY 16, 2022

percent above AvidIndex's December 2017 benchmark. Here are seven reasons why finance professionals in the industrial warehousing space may benefit from automated accounts payable (AP) and payment technology: 1. That was a measurable 4.5 percentage point rise from Q2 2021.

AP 52

AP Invoicing Accounts Payable Accounts Payable 52

AvidXchange

JULY 26, 2022

The report, citing sources such as The World Economic Outlook, Nilson and corporate reports, also points out that over a five-year span from 2012 to 2017 use of credit or debit cards to make global payments rose by 6 percent while the percentage of transactions using cards jumped from 34 percent to 42 percent. percent, the report indicates.

AP 52

AP Billing Accounts Payable Accounts Payable 52

AvidXchange

AUGUST 23, 2017

AP automation expert Rhonda Greene has been in the accounts payable world for more than 20 years in various roles and has witnessed the transition from paper-based processes to completely automated AP and payment processes firsthand. How have accounts payable automation solutions improved the audit process?

AP 40

AP Accruals Accounts Payable Accounts Payable 40

AvidXchange

JULY 19, 2018

Over time, finance departments have developed “tried and true” accounts payable processes. A recent AFP report shared that 78 percent of surveyed organizations were targeted for payment fraud in 2017, with 74 percent of those businesses being targeted by paper check. So, why fix what’s not broken?

AP 52

AP Data Entry Invoicing Budgeting 52

AvidXchange

JANUARY 4, 2018

In AFP’s 2017 Payments Fraud and Control survey , FBI is warning companies about the most recent fraud attack on the rise: Business Email Compromise (BEC) scams. Treasury Management Systems are not one size fits all The 2017 Deloitte Global Corporate Survey focuses on the importance of a strong Treasury Management System (TMS).

Budgeting 40

Budgeting Deposits Reconciling Accounts Payable 40

AvidXchange

AUGUST 9, 2018

In fact, in 2017 the IC3 of the FBI received over 15,000 BEC complaints and resolved claims totaling over $675 million. No payable is too small to double check. Your finance department will look at accounts payable as “outgoing cash” for your company’s cash flow statement. Payment processes profoundly impact cash flow.

Invoicing 52

Invoicing Purchase Order Accounts Payable Accounts Payable 52

AvidXchange

JULY 21, 2018

Unlike cash or paper checks, electronic payments are routed digitally from one bank account to another through payment systems. As FinTech continues to innovate, accounts payable processes are becoming paper-free through automation, and companies are exploring electronic payments as part of that transformation. In 2017, 3.3

AP 40

AP Billing Invoicing General Ledger 40

Cloud Accounting Podcast

JUNE 23, 2020

The kicker in this is this program, this website, Lender Match, they launched it in 2017. Stay tuned to hear more from our sponsor, Bill.com, later in the episode. Blake Oliver: [00:00:23] So, the chief executive and chief technology officer of Wirecard is Markus Braun, who, the Wall Street Journal notes, is known for his tall.

QuickBooks 40

QuickBooks Computation XERO Tax 40

Cloud Accounting Podcast

MAY 26, 2020

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. I know we've been thinking, oh, it's gonna be 2016, 2017. Blake Oliver: [00:17:20] Yeah. Is this finally the year? You said it.

XERO 40

XERO Accounting Accounting QuickBooks 40