AP Association

APRIL 24, 2019

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.

Invoicing 130

Invoicing AP Data Entry Tax 130

AvidXchange

DECEMBER 1, 2016

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 2011, AvidXchange formed a new Energy Information Services (EIS) group, delivered by EnergySolve.

Accounts Payable 40

Accounts Payable Accounts Payable Billing Data Entry 40

AvidXchange

FEBRUARY 27, 2019

For these reasons, many companies are attempting to streamline their finance and accounting operations by adopting and integrating automated accounts payable tools and by restructuring their internal processes for a 21st-century business environment. Among those that were hit by fraud, 92% said the attacks collectively cost at least 0.5%

Accounts Payable 52

Accounts Payable Accounts Payable AP Accounting 52

Invoicera

APRIL 10, 2024

Moreover, proper invoicing practices are highly crucial during tax audits. Because an invoice serves as the primary document to verify reported income and taxes, you want to ensure it adheres to all policies, including that of the recipient’s country. That includes paper, electronic, or both versions.

Invoicing 52

Invoicing Tax Record Keeping Invoice Processing 52

AvidXchange

AUGUST 9, 2018

Even though invoices may be stored in one portal, some companies still forward copies of invoices to the approver’s email, risking it getting lost in the process. Lower performing companies rely on manual invoice processes which often lead to manual mistakes and lack of control.

Invoicing 52

Invoicing Purchase Order Accounts Payable Accounts Payable 52