AvidXchange

FEBRUARY 27, 2019

According to one study, 78% of best-in-class businesses had adopted e-invoice processing technology compared to just 38% of their struggling competitors. Some are still heavily dependent upon paper invoices and checks. In many cases, outsourcing is the easiest way to eliminate paper invoices, checks, and receipts.

Accounts Payable 52

Accounts Payable Accounts Payable AP Accounting 52

AvidXchange

AUGUST 9, 2018

Consider the time and money spent manually entering a printed invoice into your accounting system, then continuously tracking approvals, the purchase order, and other details just to pay the vendor on time. 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

AvidXchange

FEBRUARY 20, 2018

According to the NSBA 2017 Small Business Taxation Survey, 20% of businesses spend over 120 hours handling federal tax processes. Reviewing 1099 vendor information, sticking to invoice deadlines, and ensuring all invoices are in the system makes tax preparation effortless.

Tax 40

Tax Invoicing Accruals Computation 40

AvidXchange

AUGUST 23, 2017

This is important, especially for year-end, because the AP department is tasked with accounting for every single invoice for the calendar year and ensuring they are entered correctly into the accounting system. I used to have piles of invoices sitting around that I would have to account for and accrue in a spreadsheet.

AP 40

AP Accruals Accounts Payable Accounts Payable 40

AvidXchange

SEPTEMBER 1, 2017

Invoices must be manually created, printed, and mailed; then you wait for the customer to open the envelope, enter the invoice into his or her own system, process the invoice, print a check, and mail it to your company; then your staff has to open the envelope, deposit the check, and match the payment to the outstanding invoice.

Billing 52

Billing Deposits Invoicing Computation 52

Nanonets

JUNE 4, 2024

and document types (invoices, receipts, bank statements 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. This allows businesses to efficiently digitize and analyze documents like invoices, tax forms, and contracts.

Data Entry 52

Data Entry Invoicing Computation Accounts Payable 52

Cloud Accounting Podcast

MAY 26, 2020

I know we've been thinking, oh, it's gonna be 2016, 2017. Blake Oliver: [00:17:20] Yeah. It sounds like kind of a little bit of a bank feed, but they're gonna tie it back to whether or not invoices are paid or outstanding. If you invoice out of Clear Books, and then you get paid through Revolut, it's going to tie that back together.

XERO 40

XERO Accounting Accounting QuickBooks 40