Remove 2022 Remove Accounts Payable Remove Deposits
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6 Accounts Payable Automation Trends To Watch in 2023

MineralTree

As the top back-office digitization priority for the last two years, accounts payable is a great example of a tool that is trusted amongst finance teams to simultaneously target multiple areas of concern including security, process inefficiencies, and disorganized AP workflows. To learn more, schedule a demo today.

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ACH vs. Checks vs. Virtual Cards: Key Differences

MineralTree

For accounts payable (AP) teams, vendor payments are the cornerstone of business relationships. Governed by the National Automated Clearing House Association (NACHA), these payments can facilitate direct deposits, direct payments, and electronic checks. Implementing robust security measures can mitigate the risk of ACH fraud.

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Everything To Know About the AvidXchange Supplier Network

AvidXchange

AvidXchange provides accounts payable (AP) automation Software as a Service (SaaS) to mid-size companies. In 2022, we processed more than 70 million transactions. Options include virtual Mastercard, AvidPay Direct (enhanced direct deposit) or paper check mailed via USPS. What Is AvidXchange?

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Handyman Service Receives Faster Payments with AvidXchange

AvidXchange

With this early payment option, if a supplier chooses to accelerate an eligible invoice, AvidXchange deposits the funds directly into their account in as little as 24 hours for a small fee. Several of Rothenberg’s customers use AvidXchange to automate their accounts payable (AP) processes and pay their suppliers.

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Identifying & Preventing Vendor Fraud

MineralTree

According to a 2022 report by the Association for Financial Professionals (AFP), 71% of organizations surveyed experienced attempted or actual payments fraud in 2021. It often involves faking vendor information to redirect payments from the accounts payable (AP) team to a fraudster’s account.

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3 Non-Negotiable Features of Truly Impactful AP Automation Solutions

AvidXchange

You may be familiar with well-known basic benefits of accounts payable (AP) automation solutions: less paper, lower costs, more time for strategic work, etc. Take advantage of e-payment options that generate incentives like Mastercard, direct deposit and virtual cards. The more bills you pay, the more rebates you earn.

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PODCAST: The Power of Change with Michael Praeger: Strategy 123’s Cat Carmichael on CAM Industry’s Most Pressing Challenges

AvidXchange

In a survey of Community Associations Institute (CAI) members conducted by AvidXchange in May 2022, 37% of respondents believe their organization will face the challenge of managing critical operations with limited staff. That’s up from 27% of respondents in 2021. MICHAEL PRAEGER Absolutely. So let’s go in.

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