Remove 2011 Remove Accounting Remove Accounts Payable
article thumbnail

Development Company Slashes Invoice Processing Time by Nearly 60%

AvidXchange

Products Used: TimberScan Titanium Industry: Construction Year Joined: 2021 Accounting System: Sage Intacct Customer: Fred Herbst, FL Star Group Bio: Fred Herbst graduated Cum Laude with a degree in Business Management from Florida Gulf Coast University in 2011. The outdated process also strained their supplier relationships.

article thumbnail

Looking to Build Business Credit? Take Advantage of Net 30 Accounts to Get Started

Nanonets

The answer is simpler than it’s made out to be – net 30 accounts offer new lines of credit, zero-percent interest rates, and credit enhancement opportunities. Securing net 30 accounts for business use is a must, and in this article, we’ll showcase why that is. What are Net 30 Accounts?

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

As an example, a fraudster may impersonate a vendor — often through BEC or account takeover — and contact the AP team to update payment information to a fraudulent account. The Accounts Payable (AP) team is the most susceptible department in terms of this attack, with 58% of those surveyed noting their AP teams were compromised.

AP 52
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

800 Employees and Counting: AvidXchange’s Year of Record Growth

AvidXchange

AvidXchange , leading provider of accounts payable and payment automation solutions for midsize companies, recently exceeded 800 employees. This is a major milestone for us, since we were nearing the 80 employee mark at the end of 2011.

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. In 2011, AvidXchange formed a new Energy Information Services (EIS) group, delivered by EnergySolve.

article thumbnail

Digital Payments: Revolutionizing Transactions for Enterprises

Billing Platform

Digital payments consist of the transfer of value from one payment account to another using a digital device or channel. After the introduction of Google Wallet in 2011, the floodgates were open and the digital wallet quickly gained acceptance. What are Digital Payments? manual processes are replaced by automation.

Billing 52