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How to Reduce Costs with Automatic AP Software

NextProcess

Cut Costs Per Invoice While there is an initial cost to implementing a new Accounts Payable processing software, the long-term savings can be significant. For example, a 2015 survey by APQC showed “bottom performers” spend an average of $12.44 per invoice.

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Where’s the Market? AP Benchmarks

AvidXchange

The new report from Ardent Partners, entitled “ePayables 2015: Higher Ground,” has an entire chapter for you. Of those surveyed, Ardent Partners defines best-in-class performance as the “20% of enterprises with the lowest average invoice processing costs and shortest average invoice process cycle times.”

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AvidXchange Helps Hotel Operator Save 37 Hours Each Week, Cut Processing Time by 80 Percent

AvidXchange

Nearly 38 work hours saved each week In response to the crushing volume of invoices, Island Hospitality launched AvidInvoice and AvidPay in July of 2015, and soon Murphy saw the transformation he had hoped for. “We Invoice processing time reduced by 80 percent AvidInvoice has generated even further savings.

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The neXt Era: The Past is Prologue

AvidXchange

In 2009, after reaching the 100 client mark, AvidXchange introduced the AvidBill Network, their electronic vendor invoice submission service, to further streamline the invoice process for customers and eliminate data entry. In 2015, AvidXchange acquired Strongroom, an industry leader in the Home Owner Associations (HOA) space.

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Stay Tax-Savvy: Regional Invoicing Rules Explained

Invoicera

Some critical country-specific rules: France: Since 2017, France has required e-invoicing for public administration suppliers, which will expand to all B2B by 2026 and 2027 via the Portail Public de Facturation or approved platforms. Using an invoicing tool like Invoicera can be a big help in managing your invoicing process more efficiently.

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Top Payment Solution Software For Growing Your Small Business

Invoicera

Efficient Invoicing: Many payment solutions, including Invoicera , offer robust invoicing features. This means businesses can easily generate and send professional invoices to clients, keeping track of transactions and ensuring timely payments. This streamlined invoicing process contributes to better financial management.