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Meet five apps creating new ways to do business in 2022

Xero

Fathom is a reporting, analysis and forecasting tool that has been a part of the Xero Ecosystem since 2012. Datamolino: Streamlining data from bills, invoices and receipts. The app links up with Xero to automatically and accurately extract key data from invoices in any format – PDFs, emails, even paper. .

XERO 279
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Why Automate Accounts Payable?

CAAPS

36-percent identified the amount of labor spent on processing paper invoices as a major cost. 36-percent identified the amount of labor spent on processing paper invoices as a major cost. Improved relationships with suppliers often result when invoices get paid promptly. 2012, April 4). Source: Susie West.

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Benefits of Cloud-Based Payment and AP Automation

AvidXchange

By eliminating paper invoices and moving to a cloud-based solution one of our property management clients was able to streamline their process, and eliminate the need for their property managers to have to physically drive to other locations when they had invoices that needed urgent approval.

AP 52
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5 Trends That Will Impact Your Business in 2024

Compleatable

2- The Rise of Gen Z… and Fall of Office Working 2023 saw Gen Z (the generation born between 1997 and 2012) surpass Baby Boomers as the largest age group in the workforce. Regardless, generative AI will continue to be a hot topic in 2024 and businesses slow to adopt its benefits will surely fall behind.

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5 Trends That Will Impact Your Business in 2024

Compleatable

2- The Rise of Gen Z… and Fall of Office Working 2023 saw Gen Z (the generation born between 1997 and 2012) surpass Baby Boomers as the largest age group in the workforce. Regardless, generative AI will continue to be a hot topic in 2024 and businesses slow to adopt its benefits will surely fall behind.

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How AvidAscend Created Efficiencies for a Community Credit Union

AvidXchange

“Prior to AvidAscend, we were using Excel and would walk around the building with folders of invoices to have management manually sign them. If an invoice needed approval from someone that was out of the office or at another branch, the accounting team was forced to try again later or leave the invoices in a folder on the approver’s desk.

AP 52
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Is Accounts Payable Automation a Good Investment?

NextProcess

Automating AP Saves Money Reduce Per-invoice Cost In a report from May 2012, the Aberdeen Group indicated that organizations can save upwards of $40,000 for every 10,000 invoices by streamlining their AP process. per invoice compared to companies that manually process their invoices.