Remove 2020 Remove Accounts Payable Remove Computation
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3 Biggest Myths about Accounts Payable Software and Services

AvidXchange

You may not expect mythology to have any relevance in the numbers-driven, here-and-now world of accounts payable software and services. Finance teams don’t have to buy and integrate expensive new hardware or computer servers. Limited – if any – IT resources are needed. Still not convinced?

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2020 in Review: Turbulent Year Signals Turning Points in Fintech Industry

AvidXchange

Historians will undoubtedly look back on 2020 as a turning point in world history. 2020 will also be remembered by business historians, and finance professionals such as yourself, as a turning point in the fintech industry. The survey also found 74 percent used an automated AP software system in 2020.

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Data Security Tips for Small Businesses

NextProcess

accounts payable, expense reporting) and data more secure by following cybersecurity best practices and using secure business software. The Verizon Business 2020 Data Breach Investigations Report showed that small businesses were the target of 28% of data breaches for that year. Lets consider, for example, accounts payable.

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Late Payments, Snail Mail Slow Finance Market During Pandemic, New Survey Finds

AvidXchange

More than one third (37 percent) receive the bulk of their invoices and payments by snail mail instead of trusting accounts payable software or e-payment solutions. Late invoices and payments were a major theme in 2020. Translation? Our survey results show this phenomenon isn’t a one-year wonder.

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Technology Market Growth Strong Despite Pandemic, AvidXchange Research Finds

AvidXchange

With 2020 behind us, businesses in the technology market have shifted their attention to the new growth opportunities they’ll be able to capitalize on in 2021. Our company helps thousands of companies automate accounts payable (AP) transactions and process more than 12 million payments annually across the AvidPay Network.

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What is PO Matching? And how to automate it?

Nanonets

Even in departments where there is the digitization of information in the form of Enterprise Resource Planning (ERP) applications, a significant amount of human labour is required; from the time an invoice is raised or received to its entry into the ERP application, accounts payable personnel perform a seemingly endless list of chores. ·

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Unusual Year-End Closing Process Headed Your Way: What to Do (and Not Do)

AvidXchange

Almost everything in the year 2020 has been – and will continue to be – about changes and abnormalities. That includes using the power of accounts payable (AP) automation software to help make your year-end process faster and easier. All of this will be relevant for them in the remote working locations. “The