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Latest product news — July 2022

Xero

Update overdue bills and invoices in short-term cash flow — Global. In the weeks ahead, you’ll be able to change the planned and expected dates of overdue bills and invoices in bulk within Xero Analytics and Xero Analytics Plus. This automates more manual tasks, giving you back more time in your day. Company accounts tax.

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

AvidXchange

One late payment leads to another late payment, and invoice processing gets delayed along the way. 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.

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3 Ways AP Automation Helps Protect Your Business

AvidXchange

AP automation solutions empower your hybrid workforce Since early 2020, unprecedented numbers of employees have worked remotely all or most of the time. Given these trends, what does this mean for how your business processes invoices and pay bills? 3 Ways AP Automation Helps Protect Your Business 1.

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Data Security Tips for Small Businesses

NextProcess

The Verizon Business 2020 Data Breach Investigations Report showed that small businesses were the target of 28% of data breaches for that year. increase in the costs to small businesses between 2020 and 2021, from $2.35 Keep software updated and make sure you have good anti-virus software running on all computers. million to $2.98

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2022 Healthcare Industry Trends: Heightened Cybersecurity Concerns

AvidXchange

Comparitech exposed the magnitude of ransomware crimes: In 2020, 92 individual ransomware attacks — a 60 percent increase from 2019 — affected more than 600 separate clinics, hospitals, and organizations and more than 18 million patient records; Costs of these attacks to U.S. This integration is not a given.

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What is PO Matching? And how to automate it?

Nanonets

PO Matching is the process of connecting a purchase order (PO) issued by a client indicating types, quantities, and agreed prices for products/services to the invoice issued by a vendor for it's delivery. The goal of PO matching is to ensure timely vendor payments, correct accounting of costs and easy detection of fraudulent practices.