AvidXchange

FEBRUARY 27, 2019

When complications occur in your accounts payable processes, they can hamper your business growth. In the worst scenarios, a poorly performing accounts payable process can even be a liability to your company. Some are still heavily dependent upon paper invoices and checks. What is Accounts Payable Outsourcing?

Accounts Payable 52

Accounts Payable Accounts Payable AP Accounting 52

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. and hundreds of properties under its management, Colliers REMS’ AP department is responsible for more than 35,000 invoices per month.

AP 52

AP Invoicing Billing Accounts Payable 52

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

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

Nanonets

APRIL 17, 2023

Finance teams are well aware of the tedious and error-prone nature of manual accounts payable processes. Sorting through stacks of paper invoices, reaching out to approvers individually, and mailing checks are extremely tedious and error-prone. What is Accounts payable automation or AP automation?

AP 52

AP Accounts Payable Accounts Payable Purchase Order 52

AvidXchange

MAY 15, 2018

We all know that the accounts payable process isn’t a straight and narrow path. Several small steps can make a big difference when it comes to paying vendors on time—invoice entry, approvals, and handling different payment methods. These steps aren’t all that simple, especially with paper.

Accounts Payable 40

Accounts Payable Accounts Payable AP Accounting 40

AvidXchange

JANUARY 18, 2024

Jennifer Garten is a project coordinator and accounting assistant for Jackson Land Development’s accounts payable (AP) team. Without a consistent system for receipt and data entry, invoices (sometimes as large as $100,000) were frequently misplaced or duplicated. Losing invoices was huge.

AP 52

AP Data Entry Invoicing Accounts Payable 52

AvidXchange

OCTOBER 20, 2023

With an increase in media spend and fast-paced operations, the finance team was burdened with thousands of invoices that required various payment methods and terms that changed constantly. Additionally, AvidXchange’s 24/7 customer support team monitored all supplier payments and followed up on 105 invoices to ensure processing.

Invoicing 52

Invoicing AP Customer Service Accounting 52

AvidXchange

MAY 7, 2019

Consider the average cost to manually process one invoice is $11.57, compared to an automated cost of $2.52 per invoice. Provides better visibility and control Pairing electronic payment systems with accounts payable automation streamlines the payment process from beginning to end.

AP 52

AP Accounts Payable Accounts Payable Invoicing 52

CapActix

OCTOBER 10, 2023

QuickBooks Functioning as the best cloud-based accounting software for CPAs and accounting firms , QuickBooks provides real-time accessibility, elevated precision in reporting, automated invoicing, and the flexibility of customizable invoice templates.

Accounting Software 52

Accounting Software Accounting Accounting Data Entry 52

Nanonets

AUGUST 11, 2024

Businesses often use a third-party finance and accounting software, such as Quickbooks, to process financial and transactional data for efficient accounting and financial due diligence. A firm’s financial data is mostly present in PDF documents such as invoices, receipts, bank statements, and purchase orders. 

QuickBooks 52

QuickBooks Purchase Order Invoicing Accounting Software 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. The team went from signing, stuffing and sending thousands of checks to just looking through a few sheets of invoices and uploading as they go, virtually cutting their time in half.

AP 52

AP Customer Service Billing Invoicing 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. First, there could be an issue with the invoice or service billed for.

AP 52

AP Accounts Payable Accounts Payable 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

AvidXchange

OCTOBER 12, 2018

Connecting the two also makes it easy to streamline the purchase-to-pay process accurately without manual approvals or invoice entry. 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.

Budgeting 40

Budgeting AP Accounts Payable Accounts Payable 40

Nanonets

AUGUST 21, 2023

B2B payment automation involves everything from the automation of capturing and processing invoices to making payments to vendors and reconciling those payments in your books. 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.

Invoice Processing 52

Invoice Processing Reconciling Invoicing 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

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

APRIL 18, 2022

Many businesses have shifted to electronic payments to continue operating efficiently in the current hybrid working situation. It’s possible more middle market spending has shifted to fintechs – and away from banks – to take advantage of technology’s efficiency benefits, especially invoice and payment automation. billion in 2018.

Financial Services 52

Financial Services Accounts Payable Accounts Payable AP 52

AvidXchange

AUGUST 6, 2018

Simply put, AP automation solutions streamline the accounts payable process from start to finish in a cloud-based portal. Automated invoice approvals and reminders. 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

AvidXchange

SEPTEMBER 11, 2018

CFOs want to understand the hard dollar savings that are easily identified and quantified, such as opening mail, filing invoices, or data entry. Even though soft costs are more difficult to determine, the CFO still wants to know costs associated with the time it takes to research a vendor question, approve a bill, or pull invoices for audits.

AP 40

AP Accounts Payable Accounts Payable Invoicing 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

Nanonets

MAY 31, 2023

Receiving the invoice: In response to the PO raised by the business, the vendor raises an invoice with a list of the ordered items along with prices and payment due dates. Set up touchless AP workflows and streamline the Accounts Payable process in seconds. Book a 30-min live demo now. Book a 30-min live demo now.

Purchase Order 52

Purchase Order Record Keeping Budgeting AP 52

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. By automating invoice processing and payments, agencies can reduce labor-intensive tasks such as manual data entry, check printing, PO matching , and assigning spend to accounts.

Data Entry 52

Data Entry Budgeting Deposits Invoice Processing 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

JULY 12, 2018

It could be dissatisfaction with services, or the invoice was lost in the shuffle. But the most common reason for late B2B payments is limited control and visibility into the accounts payable cycle. Manual AP workflows also run the risk of duplicate payments to vendors and payments to fraudsters based on fake invoices.

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. Next year, the organization expects that number to rise to more than 70 percent.

AP 40

AP Invoicing Financial Services Invoice Processing 40

Future Firm

SEPTEMBER 1, 2023

While the list of accounting software is in no particular order, it has been grouped according to categories based on their accounting features so you can find the best accounting software apps that fit your interest. Below are some of the best cloud accounting software for small businesses. Ready to dive in?

Accounting Software 98

Accounting Software XERO QuickBooks Accounting 98

Cloud Accounting Podcast

AUGUST 17, 2020

Routable does B2B payments, services, and accounts payable automation type services. million) for the year ending December 31, which is up significantly from 2018. I'm gonna help you cover tens of millions of dollars of fraudulent invoices. Yeah. David Leary: [00:22:12] Yep, expanding out. They had a loss of $139.6

Payroll 40

Payroll Tax Accounting Accounting 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. Why should a bank or my government give money to businesses who can't even show a 2018 return? They're going in deeper with that. Blake Oliver: [00:25:08] Yeah.

XERO 40

XERO Accounting Accounting QuickBooks 40