AvidXchange

JULY 14, 2022

hours each week going through check registers, comparing checks to invoices. A lot of our financial operations stemmed from the mid-eighties. James McHale, CFO, LAFCU In addition, McHale’s team lacked a process for monitoring their outstanding invoices. McHale was spending 1.5

Accounts Payable 52

Accounts Payable Accounts Payable AP Financial Services 52

MineralTree

DECEMBER 29, 2022

In this blog, we explore the key issues and trends that CFOs must tackle, and offer practical advice on how to prepare for these challenges in order to capitalize on the opportunities of financial digital transformation. What is Financial Digital Transformation? 4 Ways CFOs Can Prepare for Financial Digital Transformation.

AP 52

AP Accruals Financial Operations Financial Operations 52

Nanonets

SEPTEMBER 22, 2023

On the other hand,  accounts receivable  (AR) represents the money owed to a company by its customers for products or services that have been invoiced. Accounts receivable represents the money owed to a company by its customers for products or services that have been invoiced. What is Accounts Receivable?

Accounts Payable 52

Accounts Payable Accounts Payable General Ledger Accounts Receivable 52

Gaviti

JANUARY 10, 2023

The good news is that all financial professionals can learn how to prepare a company to masterfully handle economic uncertainty. Why Is a Dynamic Cash Flow Planning Process So Important in 2022? By adopting a dynamic approach to cash flow management, CFOs can better optimize their financial operations for maximum profitability.

Budgeting 98

Budgeting Accounts Receivable Accounts Receivable Account Receivables 98

Nanonets

SEPTEMBER 21, 2023

CFDI , or Comprobantes fiscales digitales por internet, is the electronic invoicing format used in Mexico that has a profound impact on businesses. Organizations in Mexico are required to submit their invoices to the Mexican tax authority, SAT, using the  CFDI  format.

Invoice Processing 40

Invoice Processing Invoicing Tax Billing 40

Nanonets

APRIL 12, 2024

The Importance of Accounts Reconciliation Companies handle a variety of finance-related documents, ranging from bank statements to invoices and payroll records. Without accurate reconciliation, discrepancies can slip through unnoticed, leading to financial inaccuracies, compliance issues, and potential for fraud. billion by 2031. 

Account Reconciliation 52

Account Reconciliation Reconciling General Ledger Bank Reconciliation 52

Nanonets

SEPTEMBER 21, 2023

Automation software plays a vital role in streamlining  accounts payable management  by improving communication, capturing and organizing invoices, and facilitating the approval process. Additionally, AP automation simplifies  invoice processing  by capturing and organizing invoices promptly.

Accounts Payable 40

Accounts Payable Accounts Payable Invoice Processing Accounting 40

Nanonets

FEBRUARY 26, 2024

Sorting through stacks of paper invoices, reaching out to approvers individually, and mailing checks are extremely tedious and error-prone. The key activities in an AP process (Data extraction, invoice coding, ERP sync) are essentially data transformation activities. Automating those would be straightforward.

Accounts Payable 52

Accounts Payable Accounts Payable AP Data Entry 52

Gaviti

MARCH 6, 2023

Cash application solutions are an integral part of financial operations. By 2022, that number had dropped to 50% , but MFA still plays a critical role in security. Here are some critical features of cash application automation software: Automated payment reconciliation compares invoices to payments and reconciles discrepancies.

Customer Service 52

Customer Service Auditing Invoicing Billing 52

AvidXchange

MARCH 13, 2023

Overturf has steered financial operations within construction companies for more than 25 years. Overturf called these statistics, “more than concerning.” Construction labor shortages extend beyond the skilled trades to internal operations. Jim, you know a thing or two about invoices and payments in the business.

Invoicing 52

Invoicing Purchase Order Billing Accounting 52

AvidXchange

JUNE 28, 2024

From cash to crypto, payment technologies have changed substantially over the years, shifting how businesses transact with suppliers and manage financial operations. PYMNTS reports that real-time payment transaction volume is expected to hit $8.9 As of May 2024, that number had ballooned to 758.

AP 52

AP Financial Operations Financial Operations Accounting Software 52