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Outsourcing Accounts Payable: The Pros and Cons

AvidXchange

When complications occur in your accounts payable processes, they can hamper your business growth. In the worst scenarios, a poorly performing accounts payable process can even be a liability to your company. Some are still heavily dependent upon paper invoices and checks.

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Evaluating Your Procure-to-Pay Process to Prepare for Business Process Automation Software

NextProcess

If you haven’t evaluated or mapped out your company’s procure-to-pay (P2P) process recently, then you likely don’t have a complete view of all the steps in the process. In one 2017 survey, 69% of companies said they didn’t have full visibility into their supply chain, which is a key aspect of the P2P process.

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Robotic Process Automation: The Meaning, Myths & Truths of RPA

AvidXchange

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. You’ll see RPA in action doing tasks on your computer screen such as keying in numbers into the amount field of a digital invoice.

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How Taking AP Paperless Empowers a Mechanical Services Company to Save Time and Gain Visibility

AvidXchange

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.

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Shifting to AP Automation, Healthcare Provider Speeds Up Invoice Approvals by 86 Percent

AvidXchange

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.

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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. Is your accounts payable department stuck in the past?

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Why B2B is Losing the ePayments Race

AvidXchange

As technology evolves, consumers are quick to simplify the purchasing process with the click of a button. The Fast Track To ePayments We know that outdated, paper-based accounts payable processes have a less-than-stellar reputation in the FinTech industry. Slow, manual processes just won’t cut it in the digital space.