AvidXchange

NOVEMBER 8, 2017

Audits in an Automated Accounts Payable Process Audits can be as burdensome as outdated, manual accounts payable processes. Accounts payable automation provides greater visibility into the entire audit process. Together, these confirm whether a company’s AP records present an accurate view of the business.

Auditing 52

Auditing Accounts Payable Accounts Payable AP 52

AvidXchange

FEBRUARY 19, 2021

Your business may believe it’s time to consider shifting to an automated and paperless accounts payable (AP) process. Why should I consider moving to paperless accounts payable? Paperless accounts payable enables employees to leverage remote, no-touch invoice and payment capabilities.

Accounts Payable 40

Accounts Payable Accounts Payable AP Accounting 40

AvidXchange

JANUARY 4, 2018

It’s time to stop making trips to the filing cabinets Treasury departments are starting fresh with new budgets and goals for growth in 2018. We’ve compiled a list of top solutions to make 2018 the best year yet for the treasury team. So, how is RegTech the ultimate treasury solution for 2018? Have no fear.

Budgeting 40

Budgeting Deposits Reconciling Accounts Payable 40

AvidXchange

MAY 22, 2018

As much as fintech has evolved, finance departments are still chasing paper to manage accounts payable systems. For some, it’s a force of habit, along with the concern of letting go of the proven accounts payable system. It’s even more common when one person handles more than one part of the accounts payable system.

Accounts Payable 52

Accounts Payable Accounts Payable AP Invoicing 52

AvidXchange

MAY 15, 2018

We all know that the accounts payable process isn’t a straight and narrow path. The time and money spent solving these problems are one of the many reasons why finance decision-makers are considering a paperless accounts payable process— AP automation solutions. These steps aren’t all that simple, especially with paper.

Accounts Payable 40

Accounts Payable Accounts Payable AP Accounting 40

AvidXchange

FEBRUARY 2, 2024

Industry: Community Association Management • Accounting System: Enumerate (formerly Topps) • Customer Since: 2018 Accounts Payable Tasks Consume Valuable Community Manager Time PMSI works with a wide variety of condo and community associations in the Southeast, providing a range of services depending on their unique needs. .

AP 52

AP Accounts Payable Accounts Payable Invoicing 52

Nanonets

APRIL 17, 2023

Finance teams are well aware of the tedious and error-prone nature of manual accounts payable processes. AP automation or accounts payable automation solutions are an attempt to optimise this process for finance teams. What is Accounts payable automation or AP automation? Why automate accounts payable?

AP 52

AP Accounts Payable Accounts Payable Purchase Order 52

AvidXchange

JANUARY 18, 2024

Jennifer Garten is a project coordinator and accounting assistant for Jackson Land Development’s accounts payable (AP) team. The company’s mission is to be an industry leader, providing ultimate value and satisfaction to its customers.

AP 52

AP Data Entry Invoicing Accounts Payable 52

AvidXchange

MAY 7, 2019

Provides better visibility and control Pairing electronic payment systems with accounts payable automation streamlines the payment process from beginning to end. Simplifying the accounts payable process allows them to focus on improving strategies and analyzing financial data instead of chasing down invoices they can’t find.

AP 52

AP Accounts Payable Accounts Payable Invoicing 52

AvidXchange

NOVEMBER 10, 2023

In 2018, Medium Buying eliminated over 4,000 paper checks, processed more than 70% of payments through virtual cards and drastically reduced its costs. The Solution Burdened with writing checks, overnighting payments, staying in constant contact with suppliers and other logistical challenges, Medium Buying looked to AvidXchange for help.

QuickBooks 52

QuickBooks AP Accounting Accounting 52

AvidXchange

OCTOBER 20, 2023

Processing over 6,200 invoices in 2018, AvidXchange’s automated payment technology saved the accounting team at 9thWonder more than 400 hours that would have been spent manually entering payments into supplier portals.

Invoicing 52

Invoicing AP Customer Service Accounting 52

AvidXchange

NOVEMBER 1, 2023

The Solution After a seamless integration with AvidXchange in 2018, LaneTerralever has seen a dramatic lift in revenue share and electronic payment acceptance.

AP 52

AP Customer Service Billing Invoicing 52

AvidXchange

FEBRUARY 15, 2022

For years, accounts payable (AP) automation wasn’t a consideration for Agynbyte LLC , a leading community association management company based in Bellevue, Washington. It now manages 74 (and counting) associations, 85 percent more than the 40 it managed in 2018. 0 % Agynbyte now processes 62.5

AP 52

AP Accounts Payable Accounts Payable Invoicing 52

Nanonets

AUGUST 11, 2024

Some banks add the day of the week in the Date column (for example, 20/11/2018 TUE). Correct any transactions that display numbers in the Description column Make sure the dates are in one format. You need to remove the day of the week.

QuickBooks 52

QuickBooks Purchase Order Invoicing Accounting Software 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

CapActix

OCTOBER 10, 2023

Benefits Accounting features of all types are combined into one platform Various accounting operations are automated Less manual data entry and error reduction Increases efficiency and saves time Uses strong security measures to protect sensitive financial information from possible breaches Assists outsourced accounting firms in staying (..)

Accounting Software 52

Accounting Software Accounting Accounting Data Entry 52

AvidXchange

APRIL 18, 2018

CHARLOTTE, N.C. , (April 18, 2018) – AvidXchange , a leading fintech provider of accounts payable and payment automation for midsize companies, is pleased to announce that Dan Drees has joined the company as Chief Growth Officer, a new role created to facilitate ambitious and exciting growth.

Accounts Payable 52

Accounts Payable Accounts Payable Financial Services Collections 52

AvidXchange

APRIL 18, 2022

billion in 2018. READ MORE: Financial Services Trends - 6 Reasons Why Accounts Payable Will Change in 2022 Are Paycheck Protection Program (PPP) funds running dry? According to The Business Research Company , the global fintech market totaled $127.66 It’s predicted to grow at 25% to $309.98 billion by the end of 2022.

Financial Services 52

Financial Services Accounts Payable Accounts Payable AP 52

AvidXchange

OCTOBER 12, 2018

According to BOMA’s 2018 Commercial Real Estate Technology Trends , only 36 percent of businesses are highly effective in integrating available data into systems and processes to support business decisions. Seamless data integration eases the accounts payable process with paper-free centralization. to process a single invoice.

Budgeting 40

Budgeting AP Accounts Payable Accounts Payable 40

AvidXchange

FEBRUARY 13, 2023

Colliers’ client accounting leaders share how AvidInvoice and AvidPay for Yardi and MRI modernize AP Kimberlee Destro has worked for Colliers for more than 20 years. Ali Lyon joined the company in 2018.

AP 52

AP Invoicing Billing Accounts Payable 52

AvidXchange

JUNE 20, 2018

AP managers spend endless hours handling accounts payable duties, including invoice approvals, payment cycles, and paper-based processes. In the midst of the payable pandemonium, obstacles pop up and processes come to a screeching halt. If there’s a dispute with the invoice, alert the AP manager immediately.

AP 52

AP Accounts Payable Accounts Payable Invoicing 52

AvidXchange

SEPTEMBER 6, 2016

AvidXchange , leading provider of accounts payable and payment automation solutions for midsize companies, recently exceeded 800 employees. This is a major milestone for us, since we were nearing the 80 employee mark at the end of 2011.

Accounts Payable 52

Accounts Payable Accounts Payable AP Accounting 52

AvidXchange

APRIL 10, 2019

Travel Expense Management: Trends and Predictions According to the American Express Global Business Travel Forecast 2018 , some regions of the United States, such as the Chicago and Charlotte metro areas, experienced upwards of five percent higher total business travel costs in 2018 compared to the year prior.

Purchase Order 40

Purchase Order Expense Reports Accounts Payable Accounts Payable 40

AvidXchange

JUNE 10, 2024

The Paris 2024 Olympics will be the first since 2018 without major impacts from the pandemic, suggesting audiences may see major changes compared to previous Games. Following are five Olympics advertising trends experts are expecting this summer. 1.

Data Entry 52

Data Entry Budgeting Deposits Invoice Processing 52

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.

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. They’re falling behind in the race for accounts payable efficiency, security, and flexibility. But some businesses are reluctant to use ePayments for goods and services.

Accounts Payable 52

Accounts Payable Accounts Payable AP Invoicing 52

AvidXchange

SEPTEMBER 11, 2018

Your day-to-day accounts payable tasks will be automated which makes time to focus on what matters most. According to the Paystream Advisors 2018 Payables Insight Report, 36 percent of organizations aren’t investing in payment automation solutions due to lack of budget. Why fix what’s not broken? Ask questions.

AP 40

AP Accounts Payable Accounts Payable Invoicing 40

AvidXchange

AUGUST 6, 2018

Simply put, AP automation solutions streamline the accounts payable process from start to finish in a cloud-based portal. According to the 2018 Payables Insight Report , 36 percent of businesses aren’t investing in payment automation solutions due to lack of budget.

AP 52

AP Invoicing Budgeting Data Entry 52

Nanonets

MAY 31, 2023

Set up touchless AP workflows and streamline the Accounts Payable process in seconds. A 2018 survey of over 280 companies found that managers spend at least 8 hours a week on average in manual data tasks and 25 percent of all workers spend 20 hours a week on mundane data management tasks. Book a 30-min live demo now.

Purchase Order 52

Purchase Order Record Keeping Budgeting AP 52

AvidXchange

JULY 12, 2018

But the most common reason for late B2B payments is limited control and visibility into the accounts payable cycle. According to 2018 ePayments benchmarks, it costs $11.57 How often does your accounts payable department make late payments? and eight days to process one invoice. What’s the biggest bottleneck?

AP 40

AP Invoicing Accounts Payable Accounts Payable 40

AvidXchange

DECEMBER 15, 2020

The latest survey of 330 accounts payable pros from the Institute of Finance & Management revealed 66 percent of invoices were processed electronically in 2020. That number is up from 66 percent in 2019 and 45 percent in 2018. Several key segments of the fintech market have grown.

AP 40

AP Invoicing Financial Services Invoice Processing 40

Nanonets

AUGUST 21, 2023

A 2018 report revealed that businesses in North America spend $187 billion annually on Accounts Payable (AP) processing, and labor accounts for over 90% of these costs. It allows your business to free up resources, reduce manual errors, and focus on more strategic tasks.

Invoice Processing 52

Invoice Processing Reconciling Invoicing Data Entry 52

Future Firm

MARCH 14, 2023

My firm Xen Accounting was acquired by a large European corporate services firm in 2018: This process taught me a lot about firm valuations, and I want to share some of what I’ve learned in today’s article.

CPA 52

CPA Accounts Receivable Accounts Receivable Account Receivables 52

Nanonets

SEPTEMBER 25, 2023

Year Net Income Shareholders' Equity ROE 2018 $500,000 $2,000,000 25% 2019 $600,000 $2,500,000 24% 2020 $700,000 $2,800,000 25% 2021 $800,000 $3,200,000 25% For example, let's say your company's ROE ratio over the past four years has remained steady at 25%.

Accounts Payable 52

Accounts Payable Accounts Payable Financial Services Collections 52

Future Firm

SEPTEMBER 1, 2023

Below are some of the best cloud accounting software for small businesses. 1) QuickBooks Online A true juggernaut in the small business accounting software space, QuickBooks Online is widely known across firms and self-employed business owners alike as one of the best accounting software products.

Accounting Software 98

Accounting Software XERO QuickBooks Accounting 98

AvidXchange

MARCH 23, 2023

I’m your host and producer, TRAVIS DURKEE, senior content strategy manager at AvidXchange, a leading provider of accounts payable automation software and payment solutions for middle market businesses and their suppliers. What’s the story you’re trying to tell?

Collections 52

Collections AP Budgeting Accounts Payable 52

Cloud Accounting Podcast

MARCH 9, 2019

Show Notes 00:10 -- Top 50 Women In Accounting 2018 — Practice Ignition — The winners ranked among the highest on an “anonymised scoring system which took into account the communication of professional and community achievements.” Germany and the Netherlands. Get in Touch Thanks for listening!

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Accounting Accounting Tax XERO 40