This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
In preparation for the event, we sat down with panelist Bill Gilbert, Vice President and Corporate Controller of REDICO, to talk real estate, accountspayable automation , and best practices for year-end close. Bill : We’ve been AvidXchange customers since 2009, so we were an early adopter of accountspayable automation.
In any organization, the accountspayable (AP) department is responsible for handling and processing payments. What is Compliance in AccountsPayable? Compliance in accountspayable refers to the practice of following laws, regulations, and standards related to handling payments. Let’s take a closer look.
You may not expect mythology to have any relevance in the numbers-driven, here-and-now world of accountspayable 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.
As a result, many finance departments are embracing automation to fill this gap, with a special focus on accountspayable 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.
By 2003, their invoice approval software, AvidInvoice, was enabling companies to route invoices electronically and create intelligent workflows to automate their accountspayable processes. Is your accountspayable department stuck in the past? Two months later, they founded AvidXchange.
Nicholas Moussab is a sales professional who has spent more than ten years helping organizations optimize their accountspayable 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.
AvidXchange is known for software that automates the accountspayable 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.
We organize all of the trending information in your field so you don't have to. Join 52,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content