AvidXchange

OCTOBER 11, 2022

The challenge: High turnover rate and long approval process The accounts payable (AP) department of Saban Community Clinic struggled to retain qualified healthcare AP workers, making it difficult to maintain business continuity and process invoices and payments on time.

AP 52

AP Accounts Payable Accounts Payable Invoicing 52

AvidXchange

JULY 14, 2022

During the past few years, Providence Management searched for the best automated accounts payable (AP) software to process its payments. But in 2017 the company switched to another software provider for AP processing — yet discovered the new plan wasn’t panning out. So in 2020 the company switched back to using AvidPay.

AP 52

AP Accounts Payable Accounts Payable Accounting Software 52

AvidXchange

MAY 11, 2021

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

AP Invoicing Accounts Payable Accounts Payable 52

AvidXchange

MARCH 23, 2021

Leveraged AvidPay and AvidInvoice to pay bills on time To help keep up with the influx, Terra Holdings, LLC leveraged AvidPay and AvidInvoice , both of which it started using in 2017. During March, April and May, he says he kept saying “thank God we did this conversion to AvidXchange years ago in 2017. We exceeded expectations.”

Invoicing 40

Invoicing Accounts Payable Accounts Payable Financial Records 40

AvidXchange

JANUARY 18, 2016

On January 14th, AvidXchange – a leading FinTech provider of Accounts Payable and Payment Automation – was joined by Mayor Jennifer Roberts at a press conference today to announce that it will become the exclusive and sole sponsor of the NC Music Factory effective March 1, 2016. Each building will be 200,000 sq.

Accounts Payable 40

Accounts Payable Accounts Payable Accounting Accounting 40

AvidXchange

APRIL 5, 2018

The Fast Track To ePayments We know that outdated, paper-based accounts payable processes have a less-than-stellar reputation in the FinTech industry. In fact, the recent 2017 PayStream Advisors ePayments Report shared that 46% of businesses still rely on printed checks to pay suppliers. How Do Real-Time ePayments Work?

Accounts Payable 52

Accounts Payable Accounts Payable AP Invoicing 52

AvidXchange

JULY 19, 2018

Over time, finance departments have developed “tried and true” accounts payable processes. A recent AFP report shared that 78 percent of surveyed organizations were targeted for payment fraud in 2017, with 74 percent of those businesses being targeted by paper check. So, why fix what’s not broken?

AP 52

AP Data Entry Invoicing Budgeting 52

AvidXchange

APRIL 18, 2022

above our December 2017 benchmark, which was when we started tracking middle market spending. Since early 2020, spending increased each quarter and peaked at 18% above our benchmark following Q1 2021. To better understand the trends around financial services spending, let’s start with some key data points. billion in 2018.

Financial Services 52

Financial Services Accounts Payable Accounts Payable AP 52

AvidXchange

AUGUST 20, 2018

According to the Associated General Contractors of America (AGC), construction employment increased in 263 of 358 metro areas between May 2017 and May 2018. Officials warn that the number of skilled workers is dwindling and will continue to do so for the foreseeable future.

Accounts Payable 40

Accounts Payable Accounts Payable AP Computation 40

AvidXchange

JULY 29, 2021

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. 4 Technologies Powering the Future of Accounts Payable Automation A lot happens behind the scenes to power accounts payable automation.

AP 40

AP Accounts Payable Accounts Payable Invoice Processing 40

AvidXchange

AUGUST 23, 2017

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. How have accounts payable automation solutions improved the audit process?

AP 40

AP Accruals Accounts Payable Accounts Payable 40

NextProcess

AUGUST 29, 2024

This is especially true if you also automate accounts payable when you automate procurement. According to one 2017 study, only 6% of surveyed companies have total supply chain visibility ( GEODIS, cited by Finances Online ). You’ll also have the tools to easily monitor vendors for issues, such as a pattern of late deliveries.

Collections 52

Collections Record Keeping Invoicing Accounts Payable 52

NextProcess

AUGUST 29, 2024

This is especially true if you also automate accounts payable when you automate procurement. According to one 2017 study, only 6% of surveyed companies have total supply chain visibility ( GEODIS, cited by Finances Online ). You’ll also have the tools to easily monitor vendors for issues, such as a pattern of late deliveries.

Collections 52

Collections Record Keeping Invoicing Accounts Payable 52

AvidXchange

AUGUST 9, 2018

In fact, in 2017 the IC3 of the FBI received over 15,000 BEC complaints and resolved claims totaling over $675 million. No payable is too small to double check. Your finance department will look at accounts payable as “outgoing cash” for your company’s cash flow statement. Payment processes profoundly impact cash flow.

Invoicing 52

Invoicing Purchase Order Accounts Payable Accounts Payable 52

AvidXchange

OCTOBER 11, 2022

He manages an accounting team of 15 and is charged with making sure the company’s books, financial processes and procedures are accurate and consistent. He keeps an eye on what’s in the accounts payable (AP) queue and ensures that internal management and external auditors have the financial information they need, when they need it.

AP 52

AP Data Entry Invoicing Invoice Processing 52

AvidXchange

FEBRUARY 16, 2022

percent above AvidIndex's December 2017 benchmark. Here are seven reasons why finance professionals in the industrial warehousing space may benefit from automated accounts payable (AP) and payment technology: 1. That was a measurable 4.5 percentage point rise from Q2 2021.

AP 52

AP Invoicing Accounts Payable Accounts Payable 52

NextProcess

SEPTEMBER 26, 2023

If it’s like 69% of companies surveyed in a 2017 study, then you don’t have total visibility into your supply chain ( GEODIS, cited by Finances Online ). NextProcess offers a true end-to-end automation solution that covers budgeting, project management, purchasing, accounts payable, and payments.

Purchase Order 52

Purchase Order Record Keeping Collections Budgeting 52

AvidXchange

JANUARY 4, 2018

In AFP’s 2017 Payments Fraud and Control survey , FBI is warning companies about the most recent fraud attack on the rise: Business Email Compromise (BEC) scams. Treasury Management Systems are not one size fits all The 2017 Deloitte Global Corporate Survey focuses on the importance of a strong Treasury Management System (TMS).

Budgeting 40

Budgeting Deposits Reconciling Accounts Payable 40

AvidXchange

SEPTEMBER 17, 2024

And Ben has been a member of the Vantaca leadership team since 2017, serving in various executive level strategy and operational positions. So you joined the Vantaca team in 2017. And if you’re interested in learning more about accounts payable automation, click the link in our show notes to connect with our experts.

Accounts Payable 64

Accounts Payable Accounts Payable Collections Accounting 64

AvidXchange

JULY 26, 2022

The report, citing sources such as The World Economic Outlook, Nilson and corporate reports, also points out that over a five-year span from 2012 to 2017 use of credit or debit cards to make global payments rose by 6 percent while the percentage of transactions using cards jumped from 34 percent to 42 percent. percent, the report indicates.

AP 52

AP Billing Accounts Payable Accounts Payable 52

AvidXchange

JULY 21, 2018

Unlike cash or paper checks, electronic payments are routed digitally from one bank account to another through payment systems. As FinTech continues to innovate, accounts payable processes are becoming paper-free through automation, and companies are exploring electronic payments as part of that transformation. In 2017, 3.3

AP 40

AP Billing Invoicing General Ledger 40

Billing Platform

JUNE 8, 2023

In 2017, the Telegram payment bot launched providing yet another channel to accept payments for products and services rendered. 6) Visibility and Control When digital payment options are integrated into the accounts payable (AP) system, invoice approval and payment authorizations are easier to monitor and control.

Billing 52

Billing AP Invoicing Accounts Payable 52

Nanonets

JUNE 4, 2024

In this article, we have rounded up the leading OCR applications for a select list of popular use cases (handwriting recognition, accounts payables etc.) 💡 We have been in the OCR space since 2017 and have our ears on the ground as far all things related to OCR technology or the OCR industry. We've got you covered.

Data Entry 52

Data Entry Invoicing Computation Accounts Payable 52

AvidXchange

SEPTEMBER 1, 2017

It’s 2017 and online commerce has proven that it is not going away. An upgrade to electronic payments can affect both accounts receivable and accounts payable departments, as the system used to manage payments may be shared between the two functions. Why Does Your Business Need Online Payments?

Billing 52

Billing Invoicing Deposits Computation 52

AvidXchange

JANUARY 5, 2018

According to Bitcoin COO and co-founder, Chris Kline, bitcoin grew from $900 at the beginning of 2017 to $6,300 by the beginning of Q4. RPA minimizes processes in the finance department including accounts payable automation – the process of paying suppliers and vendors for goods and services.

Computation 40

Computation Auditing Accounts Payable Accounts Payable 40

AvidXchange

JANUARY 10, 2018

There’s an extra layer of security that payments are sent to the correct account with account verification processes. There are also hours given back to the finance department’s work week instead of finding the correct payment method or account information.

AP 40

AP Deposits Accounts Payable Accounts Payable 40

Cloud Accounting Podcast

JUNE 23, 2020

The kicker in this is this program, this website, Lender Match, they launched it in 2017. Stay tuned to hear more from our sponsor, Bill.com, later in the episode. Blake Oliver: [00:00:23] So, the chief executive and chief technology officer of Wirecard is Markus Braun, who, the Wall Street Journal notes, is known for his tall.

QuickBooks 40

QuickBooks Computation XERO Tax 40

Cloud Accounting Podcast

MAY 26, 2020

By using Bill.com, accounting firms can free up more time for valuable strategic advisory services by helping clients shift their accounts payable process online. I know we've been thinking, oh, it's gonna be 2016, 2017. Blake Oliver: [00:17:20] Yeah. Is this finally the year? You said it.

XERO 40

XERO Accounting Accounting QuickBooks 40