Remove 2021 Remove Accounts Payable Remove Computation
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How Digital Can Help Drive Accounts Payable Software Market Growth

AvidXchange

As 2021 kicks into high gear, there’s an obvious question on the minds of finance professionals throughout the accounts payable (AP) software market: Will the market experience growth this year? Read more: 3 Drivers of Accounts Payable Software Market Growth in 2021 That’s remarkable and energizing.

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

AvidXchange

Read more: Expert Insights for Peak Performance in 2021 The big takeaway? 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. There’s been a lot of late paying going on during the pandemic. Why does this matter?

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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 ACH Fraud and How to Combat It

MineralTree

The State of ACH Fraud Today 71% of organizations were victims of payment fraud attacks or attempts in 2021. In 2021, 68% of organizations were targeted with a BEC scam. The Accounts Payable (AP) team is the most susceptible department in terms of this attack, with 58% of those surveyed noting their AP teams were compromised.

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Construction Firm Ensures Lean Operations with AvidXchange

AvidXchange

They also manage technical equipment— from computers and servers to software and services— to ensure it operates securely and efficiently. Belsterling’s work includes overseeing the administration of TimberScan and AvidPay for Sage 300 CRE, the construction firm’s comprehensive accounting and construction management software solution.

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5 Ways AP Software & Automation Increase Control Over Finances

AvidXchange

So, it’s understandable to be concerned about losing control and taking on more risk by using accounts payable (AP) software and trusting automation. Read more: 5 Accounts Payable Software Insights You May Not Know Using automation, you’ll be able to trace steps in the payment and invoice process.

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What is Hyperautomation

Nanonets

Hyperautomation was rated the number one technology trend for 2021 by Gartner, the IT research and advisory firm. The rules are modified and appended as the computer learns from existing data. Let us see what hyperautomation is, and how it stands in benefitting any enterprise.