Xero

JULY 28, 2022

While this was a positive step, one drawback was trying to navigate the longer payment terms of larger organisations and wait for invoices to be paid. Initially we considered an overdraft or bank loan to get us by, then our bookkeeper suggested we apply for invoice finance through Xero. Invoice financing, made simple and beautiful .

Bookkeeping 238

Bookkeeping XERO Invoicing Financial Services 238

AvidXchange

JULY 14, 2023

In 2022, we processed more than 70 million transactions. Companies partner with AvidXchange to automate their invoice and payment processes. Our AvidInvoice software helps companies streamline their invoice approval process by digitizing workflows. Today, we have more than 8,000 customers.

Deposits 52

Deposits AP Invoicing AR 52

MineralTree

DECEMBER 7, 2023

Governed by the National Automated Clearing House Association (NACHA), these payments can facilitate direct deposits, direct payments, and electronic checks. Checks Checks are a traditional method of payment that requires organizations to issue physical documents, which recipients must then manually sign and deposit.

AP 79

AP Accounts Payable Accounts Payable Deposits 79

AvidXchange

OCTOBER 16, 2023

Though he works with a bookkeeper who handles his finances, outstanding invoices sometimes weigh heavy on his mind. “In He typically waits 45-90 days to get paid on the invoices he submits after completing projects for his clients. In 2023, I’m getting paid for services rendered in 2020 and 2021. But neither is rapid payment.

Invoicing 52

Invoicing AR Accounts Receivable Accounts Receivable 52

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

MAY 9, 2023

With this change, the volume of invoices started to increase. Managing the status of each invoice was challenging for Doron Contracting, requiring multiple phone calls to track every step of the payment process. AvidXchange’s supplier portal helps Doron Contracting save time and more easily reconcile invoices. And what day?’”

Accounts Receivable 52

Accounts Receivable Accounts Receivable Account Receivables Reconciling 52

AvidXchange

AUGUST 5, 2022

The challenge: Manually processing thousands of invoices Capital Lock regularly services hundreds of customers, including property management companies that oversee large portfolios of rental properties for students. The properties have different owners, so each one must be separately invoiced, resulting in thousands of invoices each year.

AR 52

AR AP Deposits Invoicing 52