Xero

JULY 21, 2022

Our latest Xero Small Business Insights report found that 94% of small businesses in the UK experienced at least one month of negative cash flow in 2021, which is a staggering figure. Managing cash flow with Xero Analytics. Xero Analytics is probably the most powerful tool we have to help your clients manage their cash flow.

XERO 239

XERO Bookkeeping Invoicing Account Bookkeeping 239

AvidXchange

MARCH 17, 2025

McKinsey reports that 82% performed a digital payment in 2022 up from 78% in 2021. Accounts payable (AP) automation allows your financial teams to pay bills in a similar, simplified fashion. Cost savings: AP automation software saves more than $7 per invoice on vendor invoice processing. It also reduces labor costs.

AP 52

AP Financial Operations Financial Operations Accounts Payable 52

Nanonets

SEPTEMBER 21, 2023

To effectively manage procurement and financial processes, it is crucial to understand the distinction between a  purchase order  and an  invoice. On the other hand, an  invoice  is sent by the seller to request payment once the order is fulfilled. It serves as a bill for the goods or services provided.

Purchase Order 52

Purchase Order Invoicing Financial Records Record Keeping 52

Billing Platform

FEBRUARY 17, 2023

Continuing on its upwards trajectory, the global market value of the subscription economy reached $292 billion in 2022 – up from $224 billion in 2021. In what has become a rapidly transforming and increasingly competitive landscape, traditional pricing and billing models pose significant growth risk. to ensure invoicing accuracy.

Billing 52

Billing General Ledger Invoicing Financial Reporting 52

Invoicera

MAY 29, 2023

Invoicing is known as an essential part of running any business, big or small. Invoicing software has made the invoicing process Simpler Faster More efficient Allowing businesses to focus on their core operations. The Invoice Automation Software market was worth $2,286.3 million in 2021 and is expected to reach $7,188.8

Invoicing 52

Invoicing Invoice Processing Billing Budgeting 52

Invoicera

MAY 29, 2023

Invoicing is known as an essential part of running any business, big or small. Invoicing software has made the invoicing process Simpler Faster More efficient Allowing businesses to focus on their core operations. The Invoice Automation Software market was worth $2,286.3 million in 2021 and is expected to reach $7,188.8

Invoicing 52

Invoicing Invoice Processing Billing Budgeting 52

AvidXchange

SEPTEMBER 6, 2023

Small businesses are feeling the crunch as inflation drives up prices and supply chain challenges persist. In 2021, only 31% of small businesses that applied for a loan received the funding they sought. One such method is invoice factoring, which offers a unique way to manage cash flow. What Is Invoice Factoring?

Invoicing 105

Invoicing Collections Accounts Receivable Accounts Receivable 105

Nanonets

MAY 31, 2023

Automated invoice processing is the process of seamlessly extracting data from invoices entering your system and pushing it into your ERP so that processing a payment can be done in just a few clicks. In this blog we talk about what an ideal automated invoice processing system looks like and what are the pros and cons of such a system.

Invoice Processing 52

Invoice Processing Invoicing Data Entry AP 52

Nanonets

SEPTEMBER 21, 2023

Quotes and invoices play crucial roles in business transactions, but it's essential to understand how they differ in terms of purpose and function. On the other hand, an  invoice  is a formal document that is sent to a customer after a sale has been made and the goods or services have been delivered. What is an Invoice?

Invoicing 52

Invoicing Invoice Processing Collections Tax 52

MineralTree

NOVEMBER 16, 2023

Essentially, it can help businesses determine if bills can be paid, operating expenses will be covered, and if there is a buffer for unexpected costs. Accounts payable technology provides a centralized view of pending invoices and bills. AP reports from MineralTree do not need to wait for an invoice to be posted to the ERP.

AP 84

AP Invoicing Billing Financial Analysis 84

Future Firm

JUNE 6, 2022

In this year’s event, QuickBooks announced a number of new features, including progress invoicing, which allows you to bill customers for ongoing projects, email integration to automatically fetch emails, and many more. QuickBooks Connect 2021. QuickBooks Connect 2021 was a free one-day live virtual event.

QuickBooks 98

QuickBooks Small Business Accounting Billing Bookkeeping 98

MineralTree

MAY 18, 2023

According to a 2022 report by the Association for Financial Professionals (AFP), 71% of organizations surveyed experienced attempted or actual payments fraud in 2021. Fraudsters typically accomplish this by faking vendor invoices or recipient payment information.

AP 72

AP Invoicing Accounts Payable Accounts Payable 72

AvidXchange

NOVEMBER 3, 2021

With this goal in mind, we’re sharing insights that one of our principal solutions consultants, Rhonda Greene, offered during our recent REVx 2021 event. In a 2021 survey conducted by Levvel Research, 16 percent of financial leaders said duplicate payments and/or payments were among their top payment challenges.

AP 52

AP Invoicing Accounts Payable Accounts Payable 52

AvidXchange

JANUARY 29, 2021

Read more: Expert Insights for Peak Performance in 2021 The big takeaway? 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.

Computation 40

Computation AP Invoicing Invoice Processing 40

Nanonets

JUNE 12, 2023

Scanning & processing documents such as invoices, receipts, and images for valuable data has traditionally been a manual process fraught with errors and delays. Nanonets Nanonets is an AI-based OCR software that automates data capture for intelligent document processing of invoices , receipts, ID cards and more.

Data Entry 97

Data Entry Invoicing Computation AP 97

AvidXchange

FEBRUARY 1, 2023

With nearly 15 years of experience working at Douglaston Development, Ditchfield serves as controller helping to oversee the financial and accounting aspects of development projects, as well as invoice approvals and balancing checks. Despite these challenges, Ditchfield wanted his team to take on more strategic work.

AP 52

AP Accounts Payable Accounts Payable Invoicing 52

AvidXchange

JANUARY 10, 2024

He works closely with MCG’s accounting team, reviewing and approving invoices and providing ongoing support to ensure the automated solution runs smoothly and payments to suppliers are made accurately and without delay. Chasing paper and approving invoices to be paid with paper checks wasted a lot of valuable time and money.

AP 52

AP Invoicing Invoice Processing Accounts Payable 52

AvidXchange

SEPTEMBER 21, 2021

A 2021 AvidXchange survey of 500 middle market businesses revealed 64 percent have the right technology in place to enable a fully remote workforce now compared to only 37 percent in March of 2020. Given these trends, what does this mean for how your business processes invoices and pay bills?

AP 52

AP Invoicing Computation Billing 52

AvidXchange

FEBRUARY 7, 2022

We’re taking a look at key construction industry trends predicted to impact the way firms manage their finances, namely invoices and payments — mission-critical processes — and how technology is promising to transform AP departments by creating smarter ways to work.

Accounts Payable 52

Accounts Payable Accounts Payable AP Invoicing 52

AvidXchange

APRIL 18, 2023

McKinsey reports that 82% performed a digital payment in 2022 – up from 78% in 2021. Accounts payable (AP) automation allows your financial teams to pay bills in a similar, simplified fashion. Cost savings: AP automation software saves more than $7 per invoice on vendor invoice processing. It also reduces labor costs.

AP 52

AP Accounts Payable Accounts Payable Financial Operations 52

AvidXchange

JANUARY 21, 2021

Better visibility and control You may be concerned that by hiring a company to handle these processes you won’t be able to track what’s going on with your payments and invoices. 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.

AP 52

AP Invoicing Invoice Processing Computation 52

Nanonets

JUNE 27, 2023

billion in 2021, propelled by technological advancements, including the introduction of AI-based applications, machine learning, big data, and the Internet of Things (IoT). Different stakeholders use automation for various purposes, such as manufacturing and assembling parts, automating customer records, or streamlining billing processes.

Billing 52

Billing Purchase Order Invoicing Invoice Processing 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

JULY 4, 2023

Hyperautomation was rated the number one technology trend for 2021 by Gartner, the IT research and advisory firm. Where is Hyperautomation used Healthcare Healthcare spans many interdependent and interrelated areas such as patient data management, healthcare staff management, infrastructure maintenance, quality control, billing, etc.  These

Purchase Order 96

Purchase Order Computation Accounts Payable Accounts Payable 96

AvidXchange

JUNE 23, 2022

shares how AvidXchange helped solve her invoice and payment challenges in the construction industry Sorrells & Co. , The challenges: Missing invoices, daunting approval cycles and Friday pay days Reliant on scores of contractors, subcontractors and suppliers, Sorrells & Co. was drowning in invoices. “We

AP 52

AP Invoicing Invoice Processing Data Entry 52

MineralTree

NOVEMBER 10, 2022

A duplicate payment occurs when a company makes the same payment twice for the same invoice or bill. In fact, companies waste between 1%- 3% of their budget on duplicate or incorrect invoices, leading 16% of financial leaders to indicate that duplicate payments are a top issue for their team. Streamline How You Receive Invoices.

AP 52

AP Invoicing AR Accounts Payable 52

Billing Platform

MAY 26, 2023

For example, let’s assume that your subscription-based software business offers customers the option to be invoiced monthly, quarterly, or annually. For instance, let’s assume that in 2020, 200 customers signed up for your software; in 2021, an additional 300 prospects become subscribers; and in 2022, you gained an additional 275 customers.

Billing 52

Billing AR Invoicing Tax 52

AvidXchange

SEPTEMBER 29, 2020

You have a creative opportunity to use all the payment, invoice, cash flow, customer and other types of data to generate more valuable insights. These insights lead to more intelligent business decisions such as ways to deliver more personalized payment and invoice services to customers, vendors and suppliers faster and more economically.

AP 40

AP Accounts Payable Accounts Payable Invoicing 40

AvidXchange

JULY 14, 2022

As outlays from the infrastructure bill increase, construction spending will expand, exacerbating the chasm between supply and demand for labor.” After accounting for inflation, construction spending has likely fallen over the past 12 months.

AP 52

AP Billing Invoicing Accounting 52

AvidXchange

FEBRUARY 11, 2022

We’re taking a look at the current state of AP in banks and how key financial services industry trends are predicted to impact the way they manage their invoicing and payments to better serve their business in 2022 and beyond. According to S&P Global Intelligence , there’s no slowdown in sight. What does it mean for AP departments?

Financial Services 52

Financial Services Accounts Payable Accounts Payable AP 52

Nanonets

NOVEMBER 14, 2023

Whether you are a startup catering to multiple markets or a well-established corporation with a global supplier network, understanding the intricacies of international invoice processing is essential for your financial operations to run efficiently.  Furthermore, regulatory compliance is a key aspect of international invoice processing.

Accounts Payable 52

Accounts Payable Accounts Payable AP Accounting 52

Nanonets

NOVEMBER 16, 2023

From receiving invoices to managing approvals, fulfilling payments, and ensuring proper accounting practices, each step in the AP process can be optimized through automation. AP automation uses technologies like Optical Character Recognition (OCR) and AI to digitize and extract key data from invoices regardless of their format.

AP 52

AP Accounts Payable Accounts Payable Invoicing 52

Nanonets

AUGUST 17, 2023

Every business must deal with purchase orders, bills, invoices, and payments to an array of vendors, who provide everything from basic supplies to high-value equipment and services needed for all the operations of the company. per invoice for the highest process maturity level. per invoice. 

Accounts Payable 52

Accounts Payable Accounts Payable AP Purchase Order 52

Cloud Accounting Podcast

FEBRUARY 2, 2021

20:44 - Melio raises $110M on a $1.3B 20:44 - Melio raises $110M on a $1.3B

QuickBooks 40

QuickBooks Billing Payroll Deposits 40

AvidXchange

FEBRUARY 11, 2022

As ad spending continues to climb and media buying and advertising agencies take on more work, what does it mean for staff that handles the invoicing and payments? They are also looking to create more streamlined, less time consuming processes for their often complex invoice and payment processes. A lot of work.

Accounts Payable 52

Accounts Payable Accounts Payable AP Accounting 52

Gaviti

APRIL 30, 2023

Mainly finance teams or anyone paying invoices as part of their job because they receive so many payment requests and messages and much of the messaging becomes par for the course. In one Australian study , false billing was one of the top five fraud tactics reported by businesses in 2021, showing total losses of $221 million.

Invoicing 52

Invoicing Accounts Receivable Accounts Receivable Account Receivables 52

Nanonets

MAY 30, 2023

 The World Bank reports that two-thirds of adults worldwide make or receive a digital payment today, with the share in developing economies growing from 35% in 2014 to 57% in 2021. Error elimination: Automated ePayments can eliminate duplication and overpayment errors because they can be connected to automated invoice management.

Accounts Payable 52

Accounts Payable Accounts Payable Purchase Order AP 52