AvidXchange

FEBRUARY 11, 2022

Banks’ accounts payable (AP) departments are starting to look a lot different. We’re taking a look at the current state of AP in banks and how key financial services industry trends are predicted to impact the way they manage their invoicing and payments to better serve their business in 2022 and beyond. A lot of work.

Financial Services 52

Financial Services Accounts Payable Accounts Payable AP 52

AvidXchange

FEBRUARY 7, 2022

Coming off a tumultuous year, the construction industry faces continued pressures, yet the outlook for 2022 is positive. Firms need 24/7 access and visibility into what invoices are in—what’s been billed—and when it will be paid. All compliance issues at play today have to be managed, consuming more resources than firms can afford.

Accounts Payable 52

Accounts Payable Accounts Payable AP Invoicing 52

MineralTree

AUGUST 24, 2023

Are you relying on the current accounts payable (AP) workflow in QuickBooks Desktop or Online to manage your financial operations? An Overview of the AP Workflow in QuickBooks The current AP workflow in QuickBooks, whether Online or Desktop, provides basic functionality for managing AP, such as entering and paying bills.

Accounts Payable 70

Accounts Payable Accounts Payable QuickBooks AP 70

Nanonets

SEPTEMBER 22, 2023

Accounts payable  and  accounts receivable  play a crucial role in a company's financial health and should be managed effectively for optimal  cash flow  and accurate  balance sheet  reporting.  What is Accounts Payable?

Accounts Payable 52

Accounts Payable Accounts Payable General Ledger Accounts Receivable 52

AvidXchange

FEBRUARY 11, 2022

After a swift recovery, it’s predicted to experience exponential growth in 2022. We’re taking a look at the current state of AP in the media industry and how key industry trends are predicted to impact the way it manages invoicing and payments to better serve and grow their businesses in 2022. A lot of work.

Accounts Payable 52

Accounts Payable Accounts Payable AP Accounting 52

Nanonets

FEBRUARY 26, 2024

Finance teams are well aware of the tedious and error-prone nature of manual accounts payable processes. Today, you can automate these processes using accounts payable automation solutions and optimise accounts payable for your finance teams. We will discuss the following: What is Accounts Payable?

Accounts Payable 52

Accounts Payable Accounts Payable AP Data Entry 52

Nanonets

SEPTEMBER 21, 2023

Effective  accounts payable management  is crucial for businesses to handle outstanding debts and liabilities to vendors in a timely and efficient manner. Key Takeaways: Accounts payable management  is essential for handling outstanding debts and liabilities to vendors.

Accounts Payable 40

Accounts Payable Accounts Payable Invoice Processing Accounting 40

AvidXchange

SEPTEMBER 1, 2021

Here are four tips for speeding up your 2022 budget process: 1. Starting with free tools You can begin with free tools that help document costs associated with your current AP and bill pay processes, including a cost per invoice calculator. The process includes negotiating and securing all necessary buy-ins and approvals.

Budgeting 52

Budgeting Data Entry AP Computation 52

AvidXchange

SEPTEMBER 21, 2023

T h e I n s t i t u t e o f F i n a n c e & M a n a g e m e n t (IOFM) ’ s Finance & Accounting Appreciation Week is September 25-29, 2023. Now’s the time to order treats and circulate cards for your hard-working accounts payable (AP) team. Additionally, automatic bill pay ensures suppliers always get paid on time.

AP 105

AP Accounting Accounting Invoicing 105

AvidXchange

AUGUST 28, 2023

Reduce Manual Work Accounts payable (AP) departments are often full of tedious manual tasks. Our survey also revealed that only 22% of AP professionals took their full paid time off (PTO) allotment in 2022, and 35% took less than half their PTO.

AP 98

AP Accounts Payable Accounts Payable Invoicing 98

MineralTree

JANUARY 11, 2024

However, accounts payable (AP) automation can make electronic payments in ERP systems , like Netsuite, much easier. More Flexibility In 2022 , Netsuite and HSBC announced their plans to collaborate on an accounts payable solution. Unlimited Seats MineralTree does not charge on a per-user basis.

AP 81

AP Accounts Payable Accounts Payable Purchase Order 81

AvidXchange

SEPTEMBER 14, 2022

According to the 2022 CINC Systems State of the Industry report , overload and burnout are frequent topics of discussion in the HOA industry. Here’s what we learned from the survey, which was conducted in 2022 and 2021: 1. In fact, the survey indicated employee retention continues to be a top priority for organizations in 2022.

AP 52

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. Accounts payable (AP) automation allows your financial teams to pay bills in a similar, simplified fashion.

AP 52

AP Accounts Payable Accounts Payable Financial Operations 52

MineralTree

NOVEMBER 16, 2023

Essentially, it can help businesses determine if bills can be paid, operating expenses will be covered, and if there is a buffer for unexpected costs. Accounts payable technology provides a centralized view of pending invoices and bills. How Can AP Automation Help With Cash Flow Analysis and Management?

AP 84

AP Invoicing Billing Financial Analysis 84

MineralTree

JANUARY 12, 2023

Automated payments help accounts payable (AP) teams quickly pay suppliers and process invoices by streamlining manual, convoluted AP workflows. In fact, the 2022 State of AP report revealed that suppliers care more about getting paid on time than they do being paid the correct amount. What are Automated Invoice Payments?

Invoicing 80

Invoicing AP Data Entry Billing 80

CapActix

OCTOBER 10, 2023

NetSuite NetSuite stands as the all-encompassing best accounting software for CPAs and accounting firms , enhancing operational efficiency through automated core processes and immediate access to clients’ financial data.

Accounting Software 52

Accounting Software Accounting Accounting Data Entry 52

AvidXchange

NOVEMBER 9, 2022

To understand how businesses are navigating a potential recession, we surveyed 500 middle market professionals in August 2022 to see how organizations are responding to these uncertain times. Forbes reports that the housing market has been in a recession since July 2022. Where are companies putting their technology investment dollars?

AP 52

AP Billing Budgeting Accounts Payable 52

MineralTree

MAY 18, 2023

According to a 2022 report by the Association for Financial Professionals (AFP), 71% of organizations surveyed experienced attempted or actual payments fraud in 2021. It often involves faking vendor information to redirect payments from the accounts payable (AP) team to a fraudster’s account.

AP 72

AP Invoicing Accounts Payable Accounts Payable 72

AvidXchange

JULY 14, 2023

AvidXchange provides accounts payable (AP) automation Software as a Service (SaaS) to mid-size companies. In 2022, we processed more than 70 million transactions. Our AvidPay software lets businesses automate bill payment. This article will share all you need to know about working with us. What Is AvidXchange?

Deposits 52

Deposits AP Invoicing AR 52

AvidXchange

OCTOBER 14, 2022

We surveyed 500 middle market professionals in August 2022 to better understand how they’re preparing for the recession (if at all) and what their priorities are over the next 12 months. However, critical staffing shortages are forcing senior living communities to find ways to do more with less.

AP 52

AP Accounts Payable Accounts Payable Invoice Processing 52

AvidXchange

APRIL 18, 2024

Payment fraud is a major concern in accounts payable (AP) departments. AP departments are the more common target of these attacks, according to The Association of Financial Professionals 2022 Payments Fraud & Control Survey. It might just be that the bill was higher to repair a broken irrigation system.

AP 52

AP Invoicing Accounts Payable Accounts Payable 52

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.

AP 52

AP Accounts Payable Accounts Payable Billing 52

AvidXchange

NOVEMBER 9, 2022

To help guide businesses of all kinds through a potential recession, we surveyed 500 middle market professionals in August 2022 to understand how they are navigating these uncertain times and what they are doing to get ahead. Economic uncertainty makes it especially difficult. Where are companies putting their technology investment dollars?

AP 52

AP Accounts Payable Accounts Payable Invoice Processing 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

Invoicera

MAY 31, 2024

Optimize Cash Flow Management With Invoicera Get A Free Trial Book Free Demo Also Read: 8 Tips to Reduce Errors in Accounts Payable Make sure your business has a solid financial management system in place in addition to cash flow management. Budgeting, billing, receivables, and accounts payable procedures should be covered.

Budgeting 52

Budgeting Billing Invoicing Financial Reporting 52

Nanonets

JANUARY 17, 2024

Every employee is required to fill all their expenses from their receipts, bills, and invoices into the excel template. Instead of manually filling expense reports, you can automate it all for your employees using accounting automation software like Nanonets. Read more Accounting Articles: What is accounts payable process?

Expense Reports 52

Expense Reports Budgeting Accounts Payable Accounts Payable 52

AvidXchange

AUGUST 19, 2022

You may be familiar with well-known basic benefits of accounts payable (AP) automation solutions: less paper, lower costs, more time for strategic work, etc. The more bills you pay, the more rebates you earn. Take advantage of e-payment options that generate incentives like Mastercard, direct deposit and virtual cards.

AP 52

AP Invoicing Accounts Payable Accounts Payable 52

AvidXchange

OCTOBER 14, 2022

To learn how middle market companies across industries are navigating these uncertain times, we surveyed 500 middle market professionals in August 2022 to find out how they’re preparing for a potential recession (if at all) and what their priorities are over the next 12 months.

AP 52

AP Financial Services Budgeting Invoice Processing 52

AvidXchange

MAY 26, 2022

In our recent survey of 500 middle market finance professionals – from a broad range of industries such as finance and technology – only 59% said they almost always pay their bills on time. They are predicting that 25% of all professional jobs in North America will be remote by the end of 2022, and that number is expected to increase in 2023.

AP 52

AP Invoicing Invoice Processing Purchase Order 52

Nanonets

MAY 7, 2023

Reconciliation allows you to see exactly how much money has been spent on the card and the outstanding balance, so you can keep track of your spending, avoid overdrafts, and make sure your bills get paid on time. Reconciliation ensures that two sets of records (usually the balances of two accounts) are in agreement.

Bank Reconciliation 52

Bank Reconciliation General Ledger Reconciling Accounts Receivable 52

Nanonets

SEPTEMBER 21, 2023

The implementation of  CFDI 4.0  began on January 1, 2022, with a testing phase running until April 30, 2022. Next, you will need to configure your billing system or software to generate CFDI-compliant invoices. Configure billing system/software - Include required invoice details - Generate CFDI-compliant invoices 3.

Invoice Processing 40

Invoice Processing Invoicing Tax Billing 40

Nanonets

APRIL 14, 2023

With the dynamic nature of the accounting industry, staying on top of regulatory changes and critical deadlines is vital for your clients' financial well-being. The Accounting Today 2022 Year Ahead Survey found that over half of the firms surveyed (51% ) cited the challenge of keeping up with regulatory changes as their top concern.

Data Entry 52

Data Entry Financial Reporting Accounting Accounting 52

Nanonets

SEPTEMBER 22, 2023

Description  and  pricing : These details should match the information in the  purchase order , allowing for accurate billing. Description  and  pricing  should match the  purchase order , ensuring accurate billing. The  invoice number  helps track and  mark invoices as paid.

Invoicing 40

Invoicing Purchase Order Data Entry Invoice Processing 40

AvidXchange

AUGUST 17, 2023

I’m your host, Jarrett Tran, Senior Account Executive for Community Association Management at AvidXchange, a leading provider of accounts payable automation software and payment solutions for middle market businesses and their suppliers. But 30% said their organization experienced staff reductions in 2022.

AP 52

AP Accounts Payable Accounts Payable Budgeting 52

Nanonets

JULY 31, 2023

We execute the code shown below - import PyPDF2 pdf_file_obj = open('bcg-2022-annual-sustainability-report-apr-2023.pdf', loader = PyPDFLoader("bcg-2022-annual-sustainability-report-apr-2023.pdf") pdf', 'rb') pdf_reader = PyPDF2.PdfFileReader(pdf_file_obj) We install the required modules using pip.

Invoicing 98

Invoicing QuickBooks Purchase Order Invoice Processing 98

AvidXchange

MARCH 9, 2023

Listen to the full episode now (you can find a complete transcript at the bottom of this post) or dive into the highlights below: Trend 1: Strained relationships between community associations and management companies caused by inflation Inflation rates aren’t quite as high as they were in the summer of 2022 when we hit 9.1%.

Budgeting 52

Budgeting AP Billing Accounting 52

Nanonets

JUNE 15, 2023

OCR Templates & Custom OCR Models: With Nanonets, you can use pre-defined workflows like invoices, bills of lading, purchase orders, or accounts payable or create your own custom AI mode. Nanonets integrate with Xero, Quickbooks, SAP, etc. document scan. No hidden charges for any customer.

Invoicing 52

Invoicing Purchase Order Budgeting Data Entry 52