article thumbnail

What You Should Know Before You Invest in AP and Payment Automation

AvidXchange

Nicholas Moussab is a sales professional who has spent more than ten years helping organizations optimize their accounts payable and payment processes. About Nick: Nicholas Moussab is a sales professional who has spent more than ten years helping organizations optimize their accounts payable and payment processes.

AP 52
article thumbnail

The neXt Era: The Past is Prologue

AvidXchange

By 2003, their invoice approval software, AvidInvoice, was enabling companies to route invoices electronically and create intelligent workflows to automate their accounts payable processes. Headquartered in Houston, Texas, Strongroom has provided accounts payable software solutions to over 200 small and midsize businesses since 2007.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Electronic Payment Systems: The Complete Guide

AvidXchange

AvidXchange found that 81% of payments were made by check in 2004, 74% in 2007, 57% in 2010, and about 50% today. An upgrade to electronic payments can affect both accounts receivable and accounts payable departments, as the system used to manage payments may be shared between the two functions.

Billing 52
article thumbnail

How AP Automation Can Help Construction Firms Prepare for a Potential Recession

AvidXchange

According to ConstructConnect , nearly 150,000 firms went out of business between 2007 and 2013 and over 2.3 Can the past help construction firms prepare for future economic uncertainty? The financial crisis of 2008 rocked the construction industry. I've never seen anything like it. The homebuilding industry shut off like a spicket.

AP 52