AvidXchange

AUGUST 29, 2024

This year, make sure to give special recognition to your accounts payable (AP) team. Though treats like flowers, cards, and gifts are surely appreciated, equipping your AP team with the technology tools they need to do their job efficiently is one of the best ways to acknowledge and reward these hard-working professionals.

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AvidXchange

DECEMBER 17, 2021

Why should you as a finance pro for a community association management (CAM) company start using accounts payable (AP) automation for homeowner association (HOA) management? By shifting to AP automation, finance pros could free up time to serve better their HOA customers and help grow their businesses. This needs to change.

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NextProcess

MAY 28, 2023

Business process automation (BPA) software/workflow for Accounts Payable (AP) works with an ERP to add and enhance functionality or configuration capabilities your company or organization may need. Not every AP BPA system can integrate with ERPs successfully. Instead, we work with NetSuite to add client-specific AP functionality.

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Invoicera

APRIL 28, 2024

So, this blog post will be discussing the common mistakes you are making while managing your AP and the tips to improve them. Perform all the data entries and functions (online & offline) automatically with Invoicera to improve your AP process. Avail 24*7 customer service for a convenient solution online.

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Nanonets

FEBRUARY 8, 2024

Among finance professionals and business leaders, AP automation is quickly shifting from an exploratory endeavor to a key strategic priority. With our guide to Tipalti vs. Bill.com, you’ll get a crystal-clear understanding of two of the most-used AP automation tools today. What features do they offer?

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Nanonets

JULY 14, 2024

Easy invoice tracking features Secure platform Pros: Good customer service Easy integrations Cons: The workflow automation features are very basic Not very user-friendly for nonfinancial professionals Bank reconciliation is difficult Editing line items is difficult. Top features: Easy expense claims and reimbursement processes.

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NextProcess

MAY 13, 2023

The system also helps manage sales, returns, and customer service in a variety of businesses, including manufacturing. As an example, NextProcess and Business Central can work together to vastly improve your AP processes. The post How to Get the Most out of MS Business Central with AP Automation appeared first on NextProcess.

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NextProcess

JULY 12, 2024

Your accounts payable (AP) department deals with a large number of internal and external customers. Within the company, AP works with purchasing and receiving to authenticate invoices and make payments. AP also works with groups outside the company. This helps free up AP employees to focus on other matters.

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SAP Accounts Payable

FEBRUARY 27, 2017

Higher Productivity – Allowing staff members to focus on more value-added tasks such as customer service. Customer Satisfaction – Improved customer satisfaction throughout the entire Order cycle. Full Control & Visibility – Full visibility during the document processing.

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NextProcess

JANUARY 12, 2024

While a few mistakes are understandable, the costs can add up quickly if an AP department doesn’t take steps to stop errors from happening. The good news is that you can prevent many mistakes in the AP department by implementing a best practices policy. This ensures you won’t lose incoming invoices.

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NextProcess

JANUARY 18, 2025

If youre on the fence about whether to implement modern business process automation (BPA) software in your companys accounts payable (AP) department, it can help if you know what AP would look like after automation. BPA software standardizes and streamlines your AP workflow. Costs Go Down Automation saves money.

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MineralTree

APRIL 13, 2023

Teams can mitigate these late payment fees when they send automated reminders to invoice approvers, leverage AP analytics, track DPO, and use digital payment methods for faster processing. Take advantage of early payment discounts and rebates Many vendors offer early payment discounts and rebates as an incentive for customers to pay promptly.

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Outsourced Bookeeping

DECEMBER 19, 2024

In this blog post, well dive into what it means to track AP and AR accurately, why its good to outsource these tasks, and how automation can help with management. The Importance of Accurate Accounts Payable and Receivable Tracking Why AP and AR Control is Important? Why accuracy is important for small businesses?

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AvidXchange

OCTOBER 18, 2023

Adding to the challenge, Scherer and the rest of her AP team work remotely. AvidPay supports paperless transactions, eliminating the manual tasks of printing and mailing paper checks for the AP team. “We batch invoices and cut checks once a week.

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AvidXchange

APRIL 12, 2023

Customer Name: Gates Hudson Community Management To manage invoicing and payments for its diverse portfolio of properties, GCHM relies on an automated accounts payable (AP) solution from AvidXchange that is designed for the unique needs of the industry. Once the invoice is released for payment, AvidPay handles the rest.

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Compleatable

DECEMBER 11, 2023

It’s impossible to touch on every area AI is predicted to revolutionise (we’d probably still be here in 2025), but customer service has been specifically singled out by both market experts and customers. 2024- An Uncertain (But Hopeful?)

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Compleatable

DECEMBER 11, 2023

It’s impossible to touch on every area AI is predicted to revolutionise (we’d probably still be here in 2025), but customer service has been specifically singled out by both market experts and customers. 2024- An Uncertain (But Hopeful?)

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AvidXchange

JANUARY 23, 2024

Additionally, the quality of customer service b e gan to diminish. AvidXchange’s proactive customer service and API integration with Advantage st ood out as valuable time saver s for Norbella’s CFO. These factors led to a willingness to explore other solutions that better met the needs of the agency.

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NextProcess

DECEMBER 6, 2022

By using both these software-as-a-service (SaaS) solutions together, you’ll get better insight into overall cash flow than AP automation can provide on its own. In this article, we’ll be talking about two types of software-as-a-service solutions related to payments and disbursements. per invoice.

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Nanonets

MAY 27, 2024

If so, start with these strategic Microsoft Dynamics integrations:  Nanonets The accounts payable function is ripe for automation, but on its own, Business Central’s ability to enable AP automation is limited. If you want to dive deeper into AP automation with Microsoft Dynamics, check this out. 

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AvidXchange

NOVEMBER 1, 2023

The Challenge With nearly 100 employees and $100 million in capitalized billings, the AP team at LaneTerralever had a mountain of checks to deal with at the end of every month. The customer service and overall solution has exceeded our expectations.” Integrating the AvidXchange media platform was seamless and refreshing.

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Nanonets

FEBRUARY 26, 2024

Our blog cuts through the complexity of AP processes, presenting a clear pathway to automation in 7 steps. In simple terms, it's the money your business owes to suppliers, vendors, or creditors for goods or services received but not yet paid for. The reason AP is challenging to optimise is really due to the nature of the beast.

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AvidXchange

MAY 26, 2022

Reliance on paper invoices and checks will further slow down the process as AP professionals won’t receive their mail every day if they’re not going into the office regularly. Automate the accounts payable (AP) process Use AP automation software to reduce steps in the invoice and payment process.

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AvidXchange

JANUARY 17, 2024

Automated Trading Some financial services firms use AI-powered algorithms to analyze market trends, news and historical data to make split-second trading decisions. Customer Service AI-powered chatbots and virtual assistants can handle customer inquiries 24/7 , providing support and answering questions about accounts and transactions.

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AvidXchange

OCTOBER 20, 2023

Tech Forecast for Financial Services Technology plays a crucial role in the banking sector and credit unions by fostering innovation, improving operational efficiency, ensuring regulatory compliance and enhancing customer service. As financial leaders plan for 2024, many are focused on digitization to drive organizational growth.

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AvidXchange

DECEMBER 21, 2023

We found the top use cases are currently customer service (67%), fraud detection (64%), risk management (64%) and investment management ( 57%). Fifty-two percent of departments use AI for automation.

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NextProcess

JUNE 14, 2024

Implementing BPA software lets your AP department improve the invoice approvals process in five key ways. And it works just as well for improving individual processes, such as invoice approvals within the AP department. Our customer service team will help you customize the software to your company’s needs.

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NextProcess

APRIL 26, 2024

1) Speed Up Processing One of the first benefits you’ll notice when automating processes like purchasing or accounts payable (AP) is that the process happens more quickly. If there’s already a purchase order in the software system, the AP software can typically process and pay invoices within 12 hours. days, but it’s 5.4

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AvidXchange

JANUARY 29, 2024

We learned that customer service, fraud detection, risk management, investment management and automation are the most common use cases. On a recent episode of our “Net 30” podcast , he said, “ I think a customer service [chat bot], that ’ s expected – especially in the finance field. So how do you bridge that gap?

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Nanonets

DECEMBER 11, 2023

If an AP expert has to conduct three-way matching checks , route the invoice to the proper department for approval , initiate the payment process, and get another approval before sending funds, there are many potential stopping points in the process.  When done manually, processing an invoice can take days. Rossum  source: rossum.ai

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AvidXchange

DECEMBER 20, 2023

Customer Service AI-powered chatbots enhance client relations by delivering immediate responses and assistance. These chatbots help businesses deliver cost-effective customer support and tailored recommendations that ultimately boost c lient satisfaction. 4. This improv es campaign effectiveness and engagement. 3.

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AvidXchange

MAY 5, 2020

It’s especially important for call centers and customer service reps. Panelists said cloud applications have saved the day, enabling them to maintain critical services, like bill pay, by going paperless and mobile. Some may work from desktops and not have access to a laptop or computer at home. Webcams aren’t a given.

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AvidXchange

OCTOBER 20, 2023

AvidXchange offers us significantly better customer service, proprietary tools, higher revenue share and much higher participation rates than our previous payment solution.” After making the transition to AvidXchange, 9thWonder has experienced the highest payment throughput, revenue share and invoice approval in its history.

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Invoicera

MAY 14, 2023

Invoice automation solutions control how customers pay and lower the investment cost on an Account Payable (AP) team. The AP team manages customer service and orders and tackles the arduous task of keying hundred of invoices and verifying them against their original purchase orders.

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Nanonets

SEPTEMBER 18, 2024

To understand financial document automation, let's look at a typical Accounts Payable (AP) process: AP team issues a purchase order (PO) The vendor delivers and sends an invoice AP matches the invoice with the PO and delivery receipt If matched, payment is processed This manual process is manageable for small companies.

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AvidXchange

DECEMBER 14, 2023

Customer Service Chatbots Real estate businesses are using AI chatbots to handle inquiries about buying, selling and renting properties. Accounts Payable Automation Real estate companies are leveraging AI-powered accounts payable (AP) automation to streamline financial processes and increase operational efficiency.

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AvidXchange

AUGUST 5, 2022

AvidXchange provides incredible customer service and resolves any issues, no matter how minor, right away,” he said. They are compassionate and respectful of my time and my business needs and they serve me the way my business strives to serve our own customers, which we believe is important now more than ever.”

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