AvidXchange

JANUARY 28, 2022

Using industry reports and data insights, we want to help you take advantage of the opportunities — and overcome the challenges — facing the construction industry in 2022. This widespread digitization of the industry is poised to expand beyond design and assembly and into financial operations.

AP 52

AP Invoicing Purchase Order Accounts Payable 52

Nanonets

FEBRUARY 26, 2024

between 2022 and 2029. This way, AP automation software can retrieve data such as invoices and purchase orders from other accounting systems, process them and then update the information in the external accounting platform. million by 2029, with a compound annual growth rate of 10.8% Automatically flag discrepancies.

Accounts Payable 52

Accounts Payable Accounts Payable AP Data Entry 52

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 40

Accounts Payable Accounts Payable Invoice Processing Accounting 40

AvidXchange

MARCH 13, 2023

Overturf has steered financial operations within construction companies for more than 25 years. Overturf called these statistics, “more than concerning.” Construction labor shortages extend beyond the skilled trades to internal operations. You’re dealing with committed costs, with purchase orders and subcontracts.

Invoicing 52

Invoicing Purchase Order Billing Accounting 52

oAppsNet

APRIL 23, 2025

Morgan’s 2022 AFP Payments Fraud and Control Survey, 71% of organizations experienced a payment fraud attempt in 2021. Key practices: Purchase Order Approval: Purchase requisitions must go through a structured approval workflow, ensuring spend is tracked and budget-compliant before a purchase order is issued.

AP 52

AP Purchase Order Accounts Payable Accounts Payable 52