Remove 2017 Remove Accounting Remove General Ledger Remove Invoicing
article thumbnail

Electronic Payment Systems: The Complete Guide

AvidXchange

If you log in to a website to pay from your bank account, you are already using electronic payments. Electronic payments, also known as e-payments, allow you to move cash directly from one bank account to another. While they go by different names, they are essentially the same thing: an electronic payment between bank accounts.

Billing 52
article thumbnail

The Complete Guide to Electronic Payment Systems

AvidXchange

Now, consumers and businesses make purchases directly from their bank accounts with bill payment software , trusting digitization to send electronic payments safely and quickly. Unlike cash or paper checks, electronic payments are routed digitally from one bank account to another through payment systems. In 2017, 3.3

AP 40
article thumbnail

AP Automation Expert Rhonda Greene on Year-End Closing Best Practices

AvidXchange

AP automation expert Rhonda Greene has been in the accounts payable world for more than 20 years in various roles and has witnessed the transition from paper-based processes to completely automated AP and payment processes firsthand. As someone who worked in AP for more than 20 years, how has automation improved the accounts payable process?

AP 40