Remove Accounts Payable Remove Computation Remove Financial Software Remove Invoicing
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3 Biggest Myths about Accounts Payable Software and Services

AvidXchange

You may not expect mythology to have any relevance in the numbers-driven, here-and-now world of accounts payable software and services. 2: AP automation is too hard to implement and takes too long Many AP managers and controllers are concerned about learning how to use new financial software.

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2-Way vs. 3-Way Matching: What’s the Difference?

AvidXchange

It’s when you check an invoice to make sure the information aligns with the information on your purchase order or sales receipt. Mismatching means something’s off such as the amount of the purchase order doesn’t equal the invoice amount. 2-way matching in accounts payable makes sure all data on the purchase order and invoice aligns.

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5 Factors Construction Leaders Should Consider When Automating Accounts Payable

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Here’s one to consider: whether now is the right time for your company to start automating accounts payable (AP) processes. How will AP software be integrated with your accounting system ? Will you still have control of your invoice and payment processes? There are many questions to answer.

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How to Untangle the Construction Industry’s Payment Problems

AvidXchange

Finance departments for construction companies often run into maddening obstacles when manually processing invoices and payments. Synchronizing mounds of information and documents into their accounting systems is no easy feat. Many construction finance pros face these problems. Information gets delayed or doesn’t arrive at all.