Nanonets

APRIL 19, 2024

Invoicing, for instance, is something that every single accounting team has to learn how to manage. At its core, invoicing seems simple: a vendor provides goods or services, details the items provided, and sends a bill to the customer (AKA an invoice). With Xero, invoice creation and every task following are much easier.

XERO 52

XERO Invoicing AR AP 52

Gaviti

DECEMBER 6, 2023

With the move to digital invoices and payments, managing receivables has become increasingly complex. Reconciling invoices and adjusting them on an individual basis, maintaining continuous communication with customers, and keeping track of invoices can end up consuming more time and resources than your A/R team can afford.

AR 52

AR Accounts Receivable Account Receivables Accounts Receivable 52

Gaviti

JUNE 11, 2025

Automated Payment Reminders and Workflows Gaviti automates follow-ups based on customer behavior, invoice status, and due dates. Centralized Cash Application By supporting the automated cash application process , Gaviti eliminates the tedious work of matching payments with invoices. Want to learn more?

AR 52

AR Accounts Receivable Account Receivables Accounts Receivable 52

Remote Quality Bookkeeping

MAY 15, 2025

Technology has made it easier to track, categorize, and reconcile financial activity with far less effortand far fewer errors. For example, many platforms allow you to upload documents in bulk or sync directly with your bank and vendors rather than entering bills or invoices one at a time.

Small Business Bookkeeping 52

Small Business Bookkeeping Business Bookkeeping Bookkeeping Outsourced Bookkeeping 52

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. It is a laborious and time-intensive task.

Invoicing 52

Invoicing Invoice Processing AR Purchase Order 52

Nanonets

JULY 14, 2024

If you're looking to streamline your invoicing, you're making a smart move that could save your company time and money. Many businesses face challenges with invoice processing —from data entry errors to delayed payments. Modern invoice management tools automate much of the process. Let's get started.

Invoicing 52

Invoicing AP Invoice Processing Data Entry 52

Jetpack Workflow

MARCH 23, 2023

In most cases, you’ll find yourself delivering the product or service first, along with an invoice, and receiving payment later. Depending on your credit terms and the customer’s ability to pay, that invoice could be outstanding for a short or extended period. It can be a number, letters, or a mix of both.

Accounts Receivable 52

Accounts Receivable Account Receivables Accounts Receivable AR 52

Jetpack Workflow

MARCH 23, 2023

However, this frequently doesn’t happen due to a lack of reconciling items. Reconcile The Loan Balance to The Statement Most businesses use credit to run their operations, especially when purchasing assets for investing in capital-intensive projects. That’s where reconciling a loan ledger to the balance in the statement comes in.

Reconciling 52

Reconciling AR AP Payroll 52

AvidXchange

JUNE 6, 2022

Accounts receivable (AR) refers to the outstanding invoices a company has or the money it is owed from its clients. In business, AR represents a line of credit extended by a company, due within a relatively short timeframe, which could range from a few days to a year. The invoice must be sent promptly.

Accounts Receivable 52

Accounts Receivable Account Receivables Accounts Receivable AR 52

AvidXchange

OCTOBER 15, 2023

Accounts receivable (AR) refers to the outstanding invoices a company has or the money it is owed from its clients. AR represents a line of credit extended by a company, due within a relatively short timeframe, which could range from a few days to a year. Each invoice has a unique number for easy reference.

Accounts Receivable 52

Accounts Receivable Account Receivables Accounts Receivable AR 52

AvidXchange

JUNE 6, 2022

Accounts receivable (AR) refers to the outstanding invoices a company has or the money it is owed from its clients. In business, AR represents a line of credit extended by a company, due within a relatively short timeframe, which could range from a few days to a year. The invoice must be sent promptly.

Accounts Receivable 52

Accounts Receivable Account Receivables Accounts Receivable AR 52

Nanonets

JULY 22, 2024

This guide covers crucial tools for automating key financial processes, from ERP selection to processing invoices, bank reconciliation, journal entries, accounts receivable, spend audits, and financial planning.

Bank Reconciliation 52

Bank Reconciliation AR Account Receivables Accounts Receivable 52

Billing Platform

JANUARY 1, 2024

As one of the more complex processes your business handles, billing encompasses everything from creating invoices and tracking payments through following up on outstanding balances to revenue recognition and collections. Here are the key steps in the billing process, followed by how workflow automation can optimize the process.

Billing 52

Billing AR Invoicing Reconciling 52

AvidXchange

OCTOBER 5, 2023

Table of Contents: Small Business Financing Challenges | What is Small Business Invoice Factoring? | Is Invoice Factoring Right for Your Small Business? | How Does Invoice Factoring Work with AvidXchange’s Invoice Accelerator? Is Invoice Factoring Right for Your Small Business? This has been around for ages.

Invoicing 52

Invoicing Accounts Receivable Accounts Receivable Account Receivables 52

AvidXchange

JULY 23, 2024

Enter AI billing, a game-changer for invoicing and accounts receivable (AR). By leveraging artificial intelligence (AI) for billing, companies can streamline their accounting processes, cut costs, improve security, and enhance overall accuracy.

Accounts Receivable 52

Accounts Receivable Account Receivables Accounts Receivable Billing 52

Invoicera

JANUARY 9, 2024

Accounts Receivable (AR) is the lifeline of a business, detailing the money owed by customers for products or services rendered. The AR process encompasses the steps taken to manage and collect these outstanding payments, ensuring a smooth cash flow for the company. What Is the Accounts Receivable Process?

Accounts Receivable 52

Accounts Receivable Account Receivables Accounts Receivable AR 52

MineralTree

JUNE 29, 2023

This has caused challenges and delays across multiple stages of the AP workflow, including: invoice processing, payments, and reconciliation for 84% of the finance leaders. Savvy AP teams realize that strong vendor relationships and on-time payments are critical to a healthy supply chain. What is Vendor Management?

Vendor Management 76

Vendor Management AP Accounts Payable Accounts Payable 76

AvidXchange

MARCH 28, 2023

Thanks to the supplier portal, she has real-time visibility into incoming funds with all the invoices she tracks and payment statuses located in one central place. McCoy can also take advantage of the export function to easily reconcile invoice and payment data.

AR 52

AR Accounts Receivable Account Receivables Accounts Receivable 52

AvidXchange

OCTOBER 16, 2023

Though he works with a bookkeeper who handles his finances, outstanding invoices sometimes weigh heavy on his mind. He typically waits 45-90 days to get paid on the invoices he submits after completing projects for his clients. But now he’s a convert—he says he would automatically advance all his clients’ invoices if it was possible.

Invoicing 52

Invoicing AR Accounts Receivable Account Receivables 52

Billing Platform

APRIL 12, 2024

Understanding SaaS Billing Billing and invoicing consists of several steps, including accumulating costs, generating the invoice (manually or automatically), sending the invoice (printed or electronically), receiving payments, reconciling payments, handling collections, accounting for payments, and more.

Billing 83

Billing Invoicing Collections General Ledger 83

AvidXchange

JULY 14, 2023

Companies partner with AvidXchange to automate their invoice and payment processes. Our AvidInvoice software helps companies streamline their invoice approval process by digitizing workflows. AP staff no longer have to manually enter invoices into their system, which makes the process faster and more accurate.

Deposits 52

Deposits AP Invoicing AR 52

Nanonets

FEBRUARY 8, 2024

It uses advanced AI and machine learning to continuously train its models and allows you to benefit from automating nitty-gritty tasks like invoice data extraction and validation. With newfound productivity and time-savings provided by Nanonets, the possibilities are limitless. What can you do with Nanonets and QuickBooks?

QuickBooks 52

QuickBooks AR Collections AR Payroll 52

AvidXchange

AUGUST 5, 2022

The challenge: Manually processing thousands of invoices Capital Lock regularly services hundreds of customers, including property management companies that oversee large portfolios of rental properties for students. The properties have different owners, so each one must be separately invoiced, resulting in thousands of invoices each year.

AR 52

AR AP Deposits Invoicing 52

Gaviti

JULY 11, 2024

What’s worse, inefficiencies in these processes can lead to unpaid invoices, late payments and the inability to generate the revenue that your business rightfully earned. Simplify workflows and improve A/R processes such as invoice distribution, tracking payments, credit management, bank reconciliation and dispute management.

Accounts Receivable 52

Accounts Receivable Account Receivables Accounts Receivable Bank Reconciliation 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? The QuickBooks AP workflow includes tasks like invoice receipt, data entry, approval, and payment required to manage AP within the software. If so, you’re not alone. Each payment type (i.e.

Accounts Payable 70

Accounts Payable Accounts Payable QuickBooks AP 70

AvidXchange

AUGUST 8, 2022

Knowing your finance team’s biggest needs One challenge for AP departments within nonprofits is completing tedious tasks such as manually entering payments and generating invoices. With technology designed for nonprofits, all accounts can be reconciled on short notice if a donor requests a report.

AP 52

AP Reconciling AR Accounts Payable 52

Gaviti

AUGUST 4, 2024

But when you are looking at a cash application solution, or any other type of software it can be hard to know how to evaluate your options. Cash application is the matching of payments that come through various channels to the invoices that they are paying. What is Cash Application? Schedule a demo to learn more.

Invoicing 52

Invoicing Collections AR Accounts Receivable 52

Billing Platform

JUNE 27, 2023

Are you beginning to encounter delays in fulfilling customer orders or an increase in order errors? Are you encountering delays in sending invoices, or sending invoices that have errors? This creating and sending invoices, collecting payments, analyzing data, and ongoing order to cash process optimization.

Collections 52

Collections Invoicing Billing AR 52

Nanonets

FEBRUARY 8, 2024

By streamlining the accounts payable cycle with Artificial Intelligence and automation-centric tools, AP teams can reap the benefits of airtight data accuracy, seamless invoice processing , and downstream collaboration with other teams or business processes. Most of these platforms, however, rely on specific invoice formats to be successful.

AP 52

AP Billing AR AR / AP 52

AvidXchange

APRIL 5, 2022

A  survey conducted by the Association for Finance Professionals  (AFP) showed STP to Accounts Payable (AP), Accounts Receivable (AR) and general ledgers was a top benefit for businesses that receive electronic payments, just behind speed of settlement.  Primary Benefits of RECEIVING Payments via Electronic Payment Methods Speed of settlement 50% (..)

General Ledger 52

General Ledger AR Accounts Payable Accounts Payable 52

MineralTree

NOVEMBER 10, 2022

What are Duplicate Payments? A duplicate payment occurs when a company makes the same payment twice for the same invoice or bill. In fact, companies waste between 1%- 3% of their budget on duplicate or incorrect invoices, leading 16% of financial leaders to indicate that duplicate payments are a top issue for their team.

AP 52

AP Invoicing AR Accounts Payable 52

AvidXchange

JULY 21, 2021

These metrics can help a company identify areas for improvement in your accounts payable process by reducing delays in processing invoices or improving communication with vendors. Three in particular stand stand out: average cost to process invoices average time to process invoices average number of people needed to process invoices.

Accounts Payable 52

Accounts Payable Accounts Payable AP Invoicing 52

Nanonets

OCTOBER 18, 2024

In the new era of Accounts Payable— every invoice processed should be a step towards long-term success. These tools go beyond simple digitization, offering comprehensive platforms that automate invoice processing , streamline approvals, and optimize payment workflows.

AP 52

AP Invoice Processing Accounts Payable Accounts Payable 52

Invoicera

DECEMBER 31, 2023

If you are an accounting professional, many questions like these can come to your mind. Accounting professionals often find themselves wrestling with mundane tasks: reconciling transactions, generating reports, or manually inputting data, leaving them little time for value-added activities.

Data Entry 59

Data Entry Purchase Order Accounting Accounting 59

Nanonets

OCTOBER 18, 2024

In the new era of accounts payable— every invoice processed should be a step towards long-term success. These tools go beyond simple digitization, offering comprehensive platforms that automate invoice processing , streamline approvals, and optimize payment workflows.

AP 52

AP Invoice Processing Accounts Payable Accounts Payable 52

Gaviti

MARCH 6, 2023

Here are some critical features of cash application automation software: Automated payment reconciliation compares invoices to payments and reconciles discrepancies. Automated data extraction pulls information from multiple sources, such as invoices and bank statements.

Customer Service 52

Customer Service Auditing Invoicing Billing 52

Nanonets

FEBRUARY 8, 2024

There are many ways to integrate software solutions with your ERP; having a thoughtful ERP integration strategy can make a world of difference in the overall architecture of your systems and IT infrastructure. You cannot get an accurate read on your AR turnover ratio if data discrepancies and disjointed systems are standing in the way.

AP 52

AP Invoice Processing Invoicing Accounts Payable 52