Remove 2017 Remove Accounting Remove Invoice Processing
article thumbnail

E-invoicing? We already do this don’t we?

AP Association

According to a Billentis report in 2017, 90% of invoices worldwide are still processed manually. Even where organisations have made progress by receiving invoices as pdf email attachments to reduce paper and processing times, it is not without issues. Global Tax Losses.

Invoicing 130
article thumbnail

Outsourcing Accounts Payable: The Pros and Cons

AvidXchange

When complications occur in your accounts payable processes, they can hamper your business growth. In the worst scenarios, a poorly performing accounts payable process can even be a liability to your company. Some are still heavily dependent upon paper invoices and checks. What is Accounts Payable Outsourcing?

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Taking AP Paperless Empowers a Mechanical Services Company to Save Time and Gain Visibility

AvidXchange

Piedmont Service Group shares how AvidInvoice and AvidPay for Microsoft Dynamics GP streamlined their AP Process Ken Oesch joined Piedmont Service Group in 2008 and has served as its CFO for the past nine years. Gwen Smothers is the Accounting Processes and Business Systems Implementation Manager.

AP 52
article thumbnail

The neXt Era: The Past is Prologue

AvidXchange

By 2003, their invoice approval software, AvidInvoice, was enabling companies to route invoices electronically and create intelligent workflows to automate their accounts payable processes. Is your accounts payable department stuck in the past?

article thumbnail

Shifting to AP Automation, Healthcare Provider Speeds Up Invoice Approvals by 86 Percent

AvidXchange

Using AvidXchange software, treasurer approves invoices and checks anytime, anywhere This all changed in 2017 when Rego and his finance team decided to start using the AvidXchange accounts payable (AP) software products, AvidPay and AvidInvoice, to complement their use of the Blackbaud accounting system.

AP 52
article thumbnail

Evaluating Your Procure-to-Pay Process to Prepare for Business Process Automation Software

NextProcess

If you haven’t evaluated or mapped out your company’s procure-to-pay (P2P) process recently, then you likely don’t have a complete view of all the steps in the process. In one 2017 survey, 69% of companies said they didn’t have full visibility into their supply chain, which is a key aspect of the P2P process.

article thumbnail

Robotic Process Automation: The Meaning, Myths & Truths of RPA

AvidXchange

There are several misconceptions about robotic process automation (RPA), how it works and why it’s important in the context of accounts payable (AP) automation. You’ll see RPA in action doing tasks on your computer screen such as keying in numbers into the amount field of a digital invoice. Here is the attached invoice document.

AP 40