AvidXchange

SEPTEMBER 20, 2024

In August 2024, AvidXchange surveyed 500 finance leaders to learn more about their priorities and challenges heading into 2025. Sixty-six percent of our 2025 Trends Survey respondents said staffing shortages have impacted their accounting departments in 2024. Digital transformation is also driving change.

Data Entry 52

Data Entry Invoicing Accounting Accounting 52

AvidXchange

DECEMBER 20, 2024

Creating 1099 reporting is one task that can take less time with accounts payable (AP) automation. For the 2024 tax year, businesses must issue a 1099-NEC to recipients and file it with the IRS by January 31, 2025, according to the IRS. Tax season is a busy time for finance departments.

AP 52

AP Data Entry Accounts Payable Accounts Payable 52

NextProcess

OCTOBER 8, 2024

From procurement to accounts payable , automation streamlines core business processes and takes over routine tasks to free up employees to focus on more value-added contributions. 2) Facing Economic and Political Uncertainty Overall, surveyed CFOs are optimistic going into the end of 2024 and looking forward to 2025.

Accounts Payable 52

Accounts Payable Accounts Payable Invoice Processing Collections 52

AvidXchange

SEPTEMBER 17, 2024

In 2023, The Wall Street Journal reported the largest single-year drop in accounting graduates in 20+ years. Our 2025 Trends Survey found that 68% of finance departments have experienced significant ROI and tangible benefits from their AI investments. This allows existing staff to improve productivity, doing more with less.

Customer Service 59

Customer Service Data Entry Invoice Processing Financial Reporting 59

Nanonets

OCTOBER 8, 2024

With the ERP market projected to grow to $50 billion by 2025, NetSuite integrations will only become more important, and the competition around NetSuite integrations will intensify. After processing, the data can be synced to NetSuite for consistency and accuracy.

Accounts Payable 52

Accounts Payable Accounts Payable AP Data Entry 52

Nanonets

JULY 28, 2023

In 2020, the total data generated reached an estimated 64.2 Projections suggest that this trend will continue, with global data creation projected to exceed 180 zettabytes by 2025. Accounts Payable Document Management: Manual invoice handling can lead to delays and damaged relationships. zettabytes.

Purchase Order 52

Purchase Order Data Entry Accounts Payable Accounts Payable 52

MineralTree

DECEMBER 29, 2022

According to Deloitte, finance will increasingly rely on real-time reporting ( Finance 2025 ). It should then come as no surprise that automating accounts payable processes is an important part of financial digital transformation. Real-Time Insights. Reduce Human Error. Embrace the Remote Environment.

AP 52

AP Accruals Financial Operations Financial Operations 52