AvidXchange

MARCH 17, 2025

In this piece, well address five trends impacting K-12 schools and share how automating financial operations can help so you can focus on educating your students. McKinsey reports that 82% performed a digital payment in 2022 up from 78% in 2021. Additionally, they ease report generation, tax compliance and auditing.

AP

AvidXchange

APRIL 18, 2023

In this piece, we’ll address five trends currently impacting K-12 schools and share how automating financial operations can help. McKinsey reports that 82% performed a digital payment in 2022 – up from 78% in 2021. Additionally, they ease report generation, tax compliance and auditing.

AP

MineralTree

DECEMBER 29, 2022

In this blog, we explore the key issues and trends that CFOs must tackle, and offer practical advice on how to prepare for these challenges in order to capitalize on the opportunities of financial digital transformation. What is Financial Digital Transformation? Why AP Automation is Key for Financial Digital Transformation.

AP

Nanonets

APRIL 12, 2024

  Challenges and Risks of Acounts Reconciliation Outsourcing  It is essential to recognize and address the potential challenges and risks associated with outsourcing reconciliation services: Data Security Concerns: One of the primary concerns when outsourcing accounts reconciliation services is the security of sensitive financial data.

Account Reconciliation

Nanonets

SEPTEMBER 21, 2023

Example of an invoice processing table: Invoice Number Vendor Invoice Date Amount INV-001 ABC Supplies 2022-05-10 $1,500 INV-002 XYZ Inc. 2022-05-15 $2,300 INV-003 123 Manufacturing 2022-05-20 $1,800 In conclusion, streamlining invoice processing is crucial for efficient accounts payable management.

Accounts Payable

Nanonets

SEPTEMBER 22, 2023

This includes having multiple approvals for large payments, conducting regular audits to identify any irregularities, and maintaining proper documentation for all financial transactions. Segregating these functions within different departments or personnel helps mitigate the risk of fraud and ensures financial integrity.

Accounts Payable

AvidXchange

JUNE 28, 2024

From cash to crypto, payment technologies have changed substantially over the years, shifting how businesses transact with suppliers and manage financial operations. Customizable approval hierarchies and audit trails help AP teams retain control over their processes. As of May 2024, that number had ballooned to 758.

AP