AvidXchange

FEBRUARY 22, 2017

Nicholas Moussab is a sales professional who has spent more than ten years helping organizations optimize their accounts payable and payment processes. I’ve also seen companies decide to automate because they are dealing with compliance issues or having challenges providing invoices for an audit.

AP 52

AP Accounts Payable Accounts Payable Billing 52

AvidXchange

DECEMBER 1, 2016

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.

Accounts Payable 40

Accounts Payable Accounts Payable Billing Data Entry 40

AvidXchange

SEPTEMBER 1, 2017

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

Billing Deposits Invoicing Computation 52