Nanonets

AUGUST 17, 2023

The Accounts Payable (AP) department is responsible for the procure-to-pay process of any well-organized company and deals with the entire purchasing workflow, starting from Purchase Order (PO) processing to final payment to vendors. per invoice for the highest process maturity level.

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AvidXchange

MARCH 5, 2021

As 2021 kicks into high gear, there’s an obvious question on the minds of finance professionals throughout the accounts payable (AP) software market: Will the market experience growth this year? Read more: 3 Drivers of Accounts Payable Software Market Growth in 2021 That’s remarkable and energizing.

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Accounts Payable Accounts Payable AP Accounting 40

AvidXchange

FEBRUARY 10, 2021

Here’s a summary of the key findings: Construction Industry Challenges Moving Into 2021 Project delays In 2020, nearly all contractors (83 percent) experienced project delays due to the pandemic. Experts expect the number of delayed projects to drop from the mid-20s to 18 percent by the time we’re halfway through 2021.

Accounts Payable 52

Accounts Payable Accounts Payable Accounting Accounting 52

Xero

MAY 30, 2022

Here are five apps that have joined the new Xero App Store since launch in August 2021, and are helping small businesses seize the post-pandemic opportunity. . Datamolino streamlines and automates the accounts payable process. With Datamolino, users can automate more than 70% of their total accounts payable volume.

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XERO Bookkeeping Accounts Payable Accounts Payable 273

AvidXchange

FEBRUARY 19, 2021

Your business may believe it’s time to consider shifting to an automated and paperless accounts payable (AP) process. Why should I consider moving to paperless accounts payable? Paperless accounts payable enables employees to leverage remote, no-touch invoice and payment capabilities.

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Accounts Payable Accounts Payable AP Accounting 40

AvidXchange

JANUARY 15, 2021

As a finance professional, you may be struggling with your manual accounts payable (AP) paper processes and questioning what to do about it. Well, this accounts payable software explainer will help you get out from under tedious, inefficient data entry and on to more important matters. What is accounts payable software?

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AvidXchange

MARCH 3, 2021

However, thousands of companies still use overly complex manual accounts payable processes. Those facts are the key findings from IDC and PYMNTS.com surveys focused on the accounts payable (AP) market. Read more: Is Paperless Accounts Payable Right for Your Business? What do all these stats mean?

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Accounts Payable Accounts Payable AP Accounting 40

AvidXchange

JANUARY 12, 2021

Well, there’s also a new kind of class we’ve created exclusively for you titled “ Mastering Fundamentals of Accounts Payable Automation ,” an 11 chapter, up-to-date, comprehensive AP automation guide. Final thoughts The timing of this AP automation guide comes at a particularly great time as you start fresh in 2021.

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AP Accounts Payable Accounts Payable Accounting 40

AvidXchange

DECEMBER 10, 2020

business leaders ranging from middle management to C-level executives to learn about their challenges and priorities as they gear up for 2021. In fact, 46 percent of finance leaders expect at least half of AP and payment processes will go digital in 2021. AvidXchange recently surveyed more than 500 U.S.

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Invoice Processing Invoicing AP Accounts Payable 52

AvidXchange

SEPTEMBER 14, 2022

Here’s what we learned from the survey, which was conducted in 2022 and 2021: 1. The survey revealed that just 29% of respondents report that at least half of their organization is working in a remote environment due to the pandemic, which is significantly down from 42% in 2021. We can use technology to increase member engagement.”

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AP Accounts Payable Accounts Payable Billing 52

AvidXchange

APRIL 18, 2023

McKinsey reports that 82% performed a digital payment in 2022 – up from 78% in 2021. Accounts payable (AP) automation allows your financial teams to pay bills in a similar, simplified fashion. This includes person-to-person payments via apps like Venmo and mobile payments using platforms like Apple Pay.

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AP Accounts Payable Accounts Payable Financial Operations 52

MineralTree

FEBRUARY 16, 2023

The State of ACH Fraud Today 71% of organizations were victims of payment fraud attacks or attempts in 2021. In 2021, 68% of organizations were targeted with a BEC scam. The Accounts Payable (AP) team is the most susceptible department in terms of this attack, with 58% of those surveyed noting their AP teams were compromised.

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AP Accounts Payable Accounts Payable Data Entry 52

Nanonets

JUNE 27, 2023

Managing accounts payable processes efficiently is crucial for any organization, impacting cash flow, vendor relationships, and overall financial performance. One significant aspect of accounts payable is the processing of invoices. How much does it cost to process an invoice?

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Invoicing Invoice Processing Data Entry Accounts Payable 52

AvidXchange

NOVEMBER 4, 2022

Dawn Palmer with Brazos Valley Schools Credit Union shares how AvidXchange helped automate their accounts payable process Brazos Valley Schools Credit Union (BVSCU) was chartered in 1954 in Katy, TX as a teacher’s credit union. We not only do the accounts payable through AvidAscend, we do our pre-paids and our deferrals as well.

AP 52

AP Accounts Payable Accounts Payable Expense Reports 52

AvidXchange

FEBRUARY 1, 2023

Douglaston Development controller shares how TimberScan and AvidPay modernize accounts payable Adam Ditchfield graduated from CUNY Queen’s College in New York with his bachelor’s degree in accounting and economics. TimberScan streamlines the accounts payable process, enables access to real time data and reduces redundant work.

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AP Accounts Payable Accounts Payable Invoicing 52

AvidXchange

JANUARY 5, 2021

With 2020 behind us, businesses in the technology market have shifted their attention to the new growth opportunities they’ll be able to capitalize on in 2021. Our company helps thousands of companies automate accounts payable (AP) transactions and process more than 12 million payments annually across the AvidPay Network.

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AP Computation Accounts Payable Accounts Payable 52

Nanonets

NOVEMBER 16, 2023

This is where Accounts Payable (AP) Automation emerges as a critical tool, not merely for managing payments but as a strategically in scaling your business. AP Automation involves leveraging technology to streamline, optimize, and automate the processes associated with managing a company’s accounts payables.

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AP Accounts Payable Accounts Payable Invoicing 52

AvidXchange

OCTOBER 16, 2023

In 2023, I’m getting paid for services rendered in 2020 and 2021. With this early payment option, if a supplier chooses to accelerate an eligible invoice, AvidXchange deposits the funds directly into their account in as little as 24 hours for a small fee. That’s a long time to think about those jobs and have them on the books.”

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AvidXchange

JANUARY 10, 2024

In 2021, they automated payments with AvidPay so the team could pay MCG’s bills electronically instead of having to rely on paper checks. Automating the tedious, error-prone manual tasks the team once relied upon for their accounts payable (AP) work eliminates the paper chase so staff is no longer chasing down invoices or approvals.

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AP Invoice Processing Invoicing Accounts Payable 52

AvidXchange

JANUARY 29, 2021

Read more: Expert Insights for Peak Performance in 2021 The big takeaway? More than one third (37 percent) receive the bulk of their invoices and payments by snail mail instead of trusting accounts payable software or e-payment solutions. There’s been a lot of late paying going on during the pandemic. Why does this matter?

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AvidXchange

APRIL 18, 2023

Donors Want Digital Donations McKinsey reports that 82% of Americans conducted a digital payment in 2022 – up from 78% in 2021. Additionally, accounts payable (AP) automation software can help nonprofit financial departments map each donation’s journey through the business, easily generating reports for donors and board members.

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AP Financial Operations Financial Operations Accounts Payable 52

NextProcess

DECEMBER 30, 2022

According to the 2021 State of Manufacturing Report , “94% [of respondents] report concerns about their current supply chains” and for “68%, improving supply chain resilience and agility is the number one business priority.” Improved visibility and accountability make identifying and correcting issues in the supply chain simple.

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Purchase Order Record Keeping Accounts Payable Accounts Payable 52

Nanonets

SEPTEMBER 21, 2023

This not only ensures that the seller receives payment promptly but also helps the buyer manage their accounts payable efficiently. By providing a clear and itemized breakdown of the charges, it helps the buyer understand the cost of the goods or services received and enables them to reconcile it with their records.

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AvidXchange

JULY 13, 2023

The macro-trends impacting the economy and labor force are compelling the few remaining centralized back-office functions like accounts payable (AP) to become decentralized as well. By implementing the right digital tools, property management businesses can successfully address some of these obstacles.

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AP Accounts Payable Accounts Payable Billing 52

AvidXchange

DECEMBER 21, 2020

Many finance pros still use manual accounts payable (AP) processes that are highly susceptible to duplications, transposed numbers, math mistakes and missing data that can’t be trusted when trying to make sound business decisions. Finance pros should focus on making this happen in 2021.

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AP Accounts Payable Accounts Payable Invoicing 52

Cloud Accounting Podcast

DECEMBER 16, 2021

Small Businesses [link] transactions 55:16 – Accounts payable automation startup Tipalti raises $270M, quadruples valuation to $8.3B [link] 55:35 – CPA funding portal expands with loan-financing option for small biz clients | Accounting Today [link] 57:29 – Facebook Message from Cathy Volk – Thank you!

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CPA QuickBooks XERO Accounts Payable 40

AvidXchange

DECEMBER 4, 2023

McKinsey reports that 82% of Americans conducted a digital payment in 2022 – up from 78% in 2021. This is becoming true in the payment space, as the adoption of digital payment platforms increases. While person-to-person (P2P) payment tools like Venmo grow in popularity, businesses are beginning to expect that same convenience.

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Collections Reconciling Invoicing Accounting 105

MineralTree

MARCH 16, 2023

The State of Accounts Payable Today Recession and inflation are top challenges for CFOs as they look to keep companies profitable in 2023. This dynamic, coupled with ongoing threats related to recession and inflation, result in numerous challenges for accounts payable teams. What is Accounts Payable Outsourcing?

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Nanonets

NOVEMBER 14, 2023

  This guide delves into the best practices of managing international accounts payables, from traditional payment methods to automation solutions.   What are International Accounts Payable? International accounts payable encompass all foreign supplier bills that are invoiced but not yet paid.

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Accounts Payable Accounts Payable AP Accounting 52

AvidXchange

JANUARY 24, 2023

In the first episode of the “Net 30” podcast by the AvidXchange Podcast Network , host Chris Elmore sat down with Rhonda Greene and Gary Larson to discuss the future of accounts payable (AP). of all accounts payable associates are women 71.3% of all accounts payable leads are women 76.0%

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Accounts Payable Accounts Payable AP Accounting 52

NextProcess

NOVEMBER 10, 2023

That includes employees making purchases using the system, purchasing managers, department and budget owners, and accounts payable employees. One of the things the Deloitte Global 2021 Chief Procurement Officer Survey reported on was the focus of top-performing chief procurement officers (CPOs).

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MineralTree

NOVEMBER 16, 2023

Accounts payable technology provides a centralized view of pending invoices and bills. Given the need for accuracy, many companies are turning to AP automation platforms: Adoption has grown by 61% between 2021 and 2022, according to MineralTree’s 2023 State of AP Report.

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AP Invoicing Billing Financial Analysis 84

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. In the first quarter of 2020, spending on financial services was 6.4% Then spending fell each of the next three quarters to 13.4%

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AvidXchange

SEPTEMBER 29, 2020

The growing importance of machine learning in AP automation With all this attention being paid to the value of data, accounts payable system leaders will benefit from learning more about an increasingly popular type of data-centric artificial intelligence (AI) technology called machine learning.

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AP Accounts Payable Accounts Payable Invoicing 40

AvidXchange

DECEMBER 15, 2020

Read more: Expert Insights for Peak Performance in 2021 So as we close the books on 2020, it’s important for finance pros to know these major turning points will reshape the fintech market next year and beyond. Businesses that master these integrations will be well positioned to excel in 2021. How widespread will digital become?

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AP Invoicing Financial Services Invoice Processing 40

AvidXchange

DECEMBER 14, 2020

Erin Jaskiewicz, the accounts payable (AP) manager with Campus Apartments , was aware of the problems in her department that were preventing her company from achieving its growth goals. Luckily, AvidXchange’s AvidPay AP software helped set the company on a more efficient path to success.

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AP Accounts Payable Accounts Payable Deposits 52

AvidXchange

JANUARY 21, 2021

So, it’s understandable to be concerned about losing control and taking on more risk by using accounts payable (AP) software and trusting automation. Read more: 5 Accounts Payable Software Insights You May Not Know Using automation, you’ll be able to trace steps in the payment and invoice process.

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