Remove 2009 Remove Accounts Payable Remove Invoicing
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Customer Interview: Before and After Accounts Payable Automation with Bill Gilbert

AvidXchange

In preparation for the event, we sat down with panelist Bill Gilbert, Vice President and Corporate Controller of REDICO, to talk real estate, accounts payable automation , and best practices for year-end close. Bill : We’ve been AvidXchange customers since 2009, so we were an early adopter of accounts payable automation.

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How Automation Can Improve Accounts Payable Compliance

MineralTree

In any organization, the accounts payable (AP) department is responsible for handling and processing payments. What is Compliance in Accounts Payable? Compliance in accounts payable refers to the practice of following laws, regulations, and standards related to handling payments. Let’s take a closer look.

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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. More than 80 percent of organizations reported being targets of an attempted or actual payments fraud attack in 2020, the second highest percentage on record since 2009.

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CFOs’ Biggest Challenges in 2023: Inflation & Recession

MineralTree

As a result, many finance departments are embracing automation to fill this gap, with a special focus on accounts payable as the top priority. This is impossible when AP teams are consumed with menial tasks like chasing invoice approvals and answering a flood of vendor inquiries.

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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. Is your accounts payable department stuck in the past? Two months later, they founded AvidXchange.

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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. I’ve also seen companies decide to automate because they are dealing with compliance issues or having challenges providing invoices for an audit.

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PODCAST: How Modern Tech Empowers Today’s Suppliers 

AvidXchange

AvidXchange is known for software that automates the accounts payable process. They’re accustomed to the traditional approach of sending a paper invoice and waiting for a paper check via mail. They find comfort in the tangible process. However, embracing digital payments gives more visibility into the status of each invoice.