article thumbnail

Construction Firm Ensures Lean Operations with AvidXchange

AvidXchange

Customer Profile Customer: Matt Belsterling, MCG Products Used: TimberScan , AvidPay Customer Since: 2010 Industry: Construction Accounting System: Sage 300 CRE How TimberScan and AvidPay for Sage 300 CRE Enable Efficiency Matt Belsterling has worked in IT for MCG for nine years, currently serving as IT manager.

AP 52
article thumbnail

Construction Industry Payment Automation Q&A: Jim Campbell  — Part I

AvidXchange

In 2010, CIS was acquired by Viewpoint Construction Software, where he served as Channel Sales Manager for North America until joining AvidXchange as Vice President of Construction Sales in March of 2016. in Charlotte, NC. The idea of cost control (i.e. It was quite the paper shuffle.

professionals

Sign Up for our Newsletter

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

article thumbnail

What is ACH Fraud and How to Combat It

MineralTree

These malicious actors use social engineering tactics such as contacting an AP team and requesting them to update payment information into a fraudulent account or by manipulating victims into providing confidential data, such as bank account numbers and passwords. In 2021, 68% of organizations were targeted with a BEC scam.

AP 52
article thumbnail

What are GL Codes and how to assign them effectively?

Nanonets

Liabilities : These represent what a business owes to others, such as loans and accounts payable. Since the purchase was made on credit, also select the GL code for Accounts Payable (e.g., 2010 - Accounts Payable) to represent the liability created by this transaction.

article thumbnail

Tipalti vs. BILL: Software Guide for AP & Finance Teams

Nanonets

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. Tipalti is a finance automation platform that has been around since 2010.

AP 52
article thumbnail

PayPal vs Stripe: Which is best?

Nanonets

Stripe was founded in 2010 with the goal of making it easy for anyone to accept payments online. Automation is easy with software like Flow Nanonets which can handle the end-to-end accounts payable process and help you 10x your efficiency. PayPal has over 277 million active users and handles $251 billion in payments per year.

article thumbnail

Chart of Accounts – How to Get Organized & Efficient

AvidXchange

Tedious as it may seem, every business transaction needs to be recorded in the right account. The problem, however, is that unless you have automated accounts payable software, finding the correct account isn’t always such a simple task. Fortunately, a chart of account can help you with that.