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How to Reduce Costs with Automatic AP Software

NextProcess

For example, a 2015 survey by APQC showed “bottom performers” spend an average of $12.44 Over time, giving vendors control over some of the customer service aspects of the accounts payable department helps cut AP costs. It also provides other benefits to your company, many of which help you save money. per invoice.

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PODCAST: The Power of Change with Michael Praeger: Strategy 123’s Cat Carmichael on CAM Industry’s Most Pressing Challenges

AvidXchange

So Justin was the founder of a company called Strong Room, which we acquired back in the 2015 timeframe. Obviously there’s been some tremendous work done in outsourced escrow and Resale services. I was actually in Houston last Thursday and had dinner with Justin. There’s a lot of great companies who do that.

AP 52
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Controller's Code: The Secret Formula to a Successful Career in Finance

Cloud Accounting Podcast

Mike Whitmire: [00:15:02] To go back in time a little bit, we've been around for seven years, but we really didn't start selling until Q1 of 2015. We now- our Series C was $40 million, which brings our total funding to $93 million, to date, and been a big push to invest in product and customer service with all that money.

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ScaleFactor Fails to Scale, Blames COVID-19

Cloud Accounting Podcast

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. If you're gonna raise money like a tech company, you gotta be a tech company.