NextProcess

DECEMBER 1, 2023

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. Efficiency and user-friendliness of the current purchasing system. Method for generating purchase orders and sending them to suppliers. Policies related to purchasing.

Purchase Order 52

Purchase Order Accounts Payable Accounts Payable Invoicing 52

NextProcess

OCTOBER 8, 2023

As of 2017, only 6% of surveyed companies reported total visibility into their supply chains ( GEODIS, cited by Finances Online ). The software makes it easy to communicate about purchases and ensures everyone has access to the same information related to purchases.

Purchase Order 52

Purchase Order Collections Budgeting Invoicing 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 ). The system automatically collects records and generates purchase orders. Of the companies responding to that survey, only 6% said they had total visibility.

Purchase Order 52

Purchase Order Record Keeping Collections Budgeting 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. In fact, in 2017 the IC3 of the FBI received over 15,000 BEC complaints and resolved claims totaling over $675 million.

Invoicing 52

Invoicing Purchase Order Accounts Payable Accounts Payable 52

AvidXchange

OCTOBER 11, 2022

The challenge: Too much paper, too much wasted time Piedmont Service Group was drowning in thousands of paper invoices and struggling to match them with purchase orders. When they didn’t find a match, they’d waste time chasing down answers to figure out what was missing or who was holding things up.

AP 52

AP Data Entry Invoicing Invoice Processing 52

AvidXchange

JULY 26, 2022

Better data access and reporting When businesses use paper to make payments, they often spend a lot of time (and therefore money) searching for invoices and purchase orders. Paying electronically means workers don’t have to take on unnecessary health risks by going to corporate offices to touch and process checks.

AP 52

AP Billing Accounts Payable Accounts Payable 52

AvidXchange

JULY 21, 2018

In 2017, 3.3 According to AFP, over the past decade, fraud risk for checks has spiked—rising from 60% in 2013 to 78% in 2017. A streamlined AP automation solution electronically handles everything from invoice extraction, purchase orders, and payments from start to finish without paper. from last year.

AP 40

AP Billing Invoicing General Ledger 40