NextProcess

APRIL 14, 2023

For example, a 2015 survey by APQC showed “bottom performers” spend an average of $12.44 This also simplified audits. Over time, giving vendors control over some of the customer service aspects of the accounts payable department helps cut AP costs. per invoice.

AP 86

AP Accounts Payable Accounts Payable Purchase Order 86

AvidXchange

JANUARY 16, 2023

So Justin was the founder of a company called Strong Room, which we acquired back in the 2015 timeframe. And I thought, what if we could get rid of paper invoices and make it easier on the management company and create a great audit trail? Obviously there’s been some tremendous work done in outsourced escrow and Resale services.

AP 52

AP General Ledger Accounts Payable Accounts Payable 52

Cloud Accounting Podcast

APRIL 28, 2020

Then, it was all hands on deck for a lot of other processes, like financial reporting, or FP&A, or audit prep, or what have you. [00:07:35] The challenges we had was, as we scaled, we added more, and more people to the team. It was all file cabinets, and that's exactly how you get to the audit room in the back. What's the status?

Auditing 40

Auditing Accounting Accounting XERO 40

Cloud Accounting Podcast

JUNE 28, 2020

So, in February, they laid off 40 of their customer-service people. Now, I don't know if those customer-service people were bookkeepers, or accountants, or what, but they let them go, and they started pivoting to this marketplace. Cash is easy to audit. That's what they were pivoting to in February.

Bookkeeping 40

Bookkeeping QuickBooks Payroll Auditing 40