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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. We needed a change to provide flexibility for the team.”
By 2003, their invoice approval software, AvidInvoice, was enabling companies to route invoices electronically and create intelligent workflows to automate their accountspayable processes. In 2011, AvidXchange formed a new Energy Information Services (EIS) group, delivered by EnergySolve.
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.
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