AvidXchange

JULY 14, 2023

Now, the financial services industry is experiencing consolidation – mergers and acquisitions (M&A) activity is ramping up as financial organizations seek efficient growth. Many accounting teams are evaluating systems, choosing the best one and re-training employees. Read our free whitepaper.

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Financial Services AP Accounts Payable Accounts Payable 52

AvidXchange

APRIL 18, 2022

To better understand the trends around financial services spending, let’s start with some key data points. In the first quarter of 2020, spending on financial services was 6.4% And this may be a reason why overall spending on financial services has dropped.

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Financial Services Accounts Payable Accounts Payable AP 52

AvidXchange

OCTOBER 20, 2023

As the macroeconomic landscape shifts, the policies governing the financial services industry must adapt accordingly. Many banks and credit unions are implementing data and reporting technologies to ensure regulatory compliance and avert potential penalties and legal actions.

Financial Services 52

Financial Services AP Accounts Payable Accounts Payable 52

AvidXchange

DECEMBER 29, 2020

As a financial professional, you may have a general insight of what accounts payable (AP) software is and how it can benefit your business. This happens because estimators don’t always account for all the costly steps in the manual process, mainly labor. But there may be key details you haven’t seen. The reason?

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Accounts Payable Accounts Payable AP Accounting 52

Nanonets

JANUARY 25, 2024

Automating accounts payable (AP) differs from many other enterprise business processes. For that reason, relevant communities and resources for accounts payable extend beyond finance. For that reason, relevant communities and resources for accounts payable extend beyond finance.

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Accounts Payable Accounts Payable AP AR 52

SAP Accounts Payable

DECEMBER 10, 2019

New artificial intelligence technologies are in the process of fundamentally transforming the financial services market. AI is truly disrupting the sector with “ frontrunner financial services firms achieving companywide revenue growth of 19% directly attributable to their AI initiatives ”. By Ivona Crnoja and Nik Sacher.

Financial Services 52

Financial Services Accounts Payable Accounts Payable Computation 52

AvidXchange

JULY 14, 2022

The credit union’s senior accountant was spending 60-75% of her time managing AP. A lot of our financial operations stemmed from the mid-eighties. “We We chose AvidXchange because of their expertise and experience in financial services and their ability to meet our expectations and deliver on their promises,” said McHale.

Accounts Payable 52

Accounts Payable Accounts Payable AP Financial Services 52

AvidXchange

APRIL 4, 2025

In 2015, Jill led Citizens Bank of Edmond to adopt AvidXchanges automation solutions tailored for financial services, helping drive innovation and strengthen fraud prevention across the bank. In banking, the accounts payable function is one of the most vulnerable areas for fraud. Fraud detection is key.

Accounts Payable 52

Accounts Payable Accounts Payable Financial Services AP 52

Compleatable

OCTOBER 15, 2024

Major New Customer Wins Across Key Platforms Compleat continues to demonstrate its versatility with seamless integrations across a wide range of leading accounting platforms. MIP Fund Accounting. Over 10,500 Additional Suppliers Onboarded Another highlight of Q3 is the exponential growth of our supplier network.

Accounts Payable 100

Accounts Payable Accounts Payable XERO Data Entry 100

AvidXchange

MAY 30, 2023

With inflation and rising interest rates decreasing demand from borrowers, the financial services industry is navigating uncertainty. as of January 2023, driving employee engagement is more important than ever for financial services leaders. Dawn Palmer, Accounting Supervisor, Brazos Valley Schools Credit Union 3.

Financial Services 52

Financial Services AP Invoicing Accounting 52

AvidXchange

JULY 14, 2022

Reuters reports that hiring in financial services has dropped considerably as banks and credit unions continue to struggle to find skilled workers. Why is there a pressing labor shortage in financial services?​ There are multiple reasons for the talent shortage in financial services, a big one being retirement.

Financial Services 52

Financial Services AP Budgeting Accounting 52

Nanonets

NOVEMBER 7, 2024

Nanonets Nanonets is an AI-powered document processing platform that specializes in automating complex data extraction from invoices , receipts, purchase orders, and financial documents. Companies like accounting firms, insurance providers, and healthcare organizations use us to handle their document-heavy workflows. Key features: 1.

Purchase Order 52

Purchase Order AP Accounts Payable Accounts Payable 52

AvidXchange

MARCH 6, 2018

Accounts payable fraud is a major problem. They’re taking advantage of the Digital Era’s easy access to private accounts and information in malicious ways that are easily overlooked. Across all industries, banking and finance services were the biggest victims at 16.8%, losing an average of $192,000 annually.

Accounts Payable 40

Accounts Payable Accounts Payable Accounting Accounting 40

Future Firm

SEPTEMBER 1, 2023

If you want to see the best cloud accounting software apps all in one place, then you’ll LOVE this ultimate list. In it, I’ll be sharing 147 of the best cloud accounting software apps on the market. Each item in the list will contain a brief description and will focus on how you can level up your accounting automation.

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Accounting Software XERO QuickBooks Accounting 98

Compleatable

DECEMBER 11, 2024

The world of finance, purchasing, and accounts payable (AP) automation is transforming rapidly, and 2025 is set to bring even more significant changes. Increased reliance on embedded finance , where financial services like credit, lending, and insurance are integrated directly into enterprise platforms.

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AP Purchase Order Accounts Payable Accounts Payable 100

AvidXchange

NOVEMBER 4, 2022

Dawn Palmer with Brazos Valley Schools Credit Union shares how AvidXchange helped automate their accounts payable process Brazos Valley Schools Credit Union (BVSCU) was chartered in 1954 in Katy, TX as a teacher’s credit union. When asked about making the decision, Palmer said, “We just loved the ease of the AvidAscend software.”

Accounts Payable 52

Accounts Payable Accounts Payable AP Expense Reports 52

Intuit

JANUARY 19, 2024

CPA Jobs and Specializations CPA Job Description How to Become a CPA CPA Job Outlook CPA Job Salaries Remote CPA Jobs Freelance CPA Jobs Available Jobs for CPAs at Intuit Entry-Level CPA Jobs What is a Certified Public Accountant’s job? CPAs are accounting professionals who work in a variety of finance-related roles. What Is a CPA?

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CPA Bookkeeping QuickBooks Financial Statements 130

AvidXchange

FEBRUARY 9, 2024

With all the buzz surrounding artificial intelligence (AI), many accounts payable (AP) professionals are wondering how to use AI in accounting and finance. David Tareen, Senior Director of Product Marketing, AvidXchange Accounting and finance professionals should not let this misconception stop them from using AI on the job.

Accounting 52

Accounting Accounting Accounts Payable Accounts Payable 52

Jetpack Workflow

JUNE 1, 2023

Through extensive research and talking with dozens of profitable firm owners, we discovered the top accounting outsourcing partners that thousands of US-based accounting firms work with successfully. Typical Accounting Services That Can Be Outsourced Here are some of the standard services CPA firms frequently outsource.

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Bookkeeping Services Outsourced Bookkeeping Bookkeeping AR / AP 52

Nanonets

NOVEMBER 18, 2024

Automated export to accounting systems 8. Best suited for : Organizations across manufacturing, retail, and financial services that need comprehensive document automation. Rossum particularly excels in AP departments and shared service centers processing varied vendor documents. Multi-stage approval workflows 6.

Invoicing 52

Invoicing Financial Services Invoice Processing Accounts Payable 52

AvidXchange

OCTOBER 11, 2022

The challenge: High turnover rate and long approval process The accounts payable (AP) department of Saban Community Clinic struggled to retain qualified healthcare AP workers, making it difficult to maintain business continuity and process invoices and payments on time.

AP 52

AP Accounts Payable Accounts Payable Invoicing 52

AvidXchange

OCTOBER 14, 2022

Although the possibility of a recession poses challenges to many industries, it uniquely affects the financial services industry. Financial services institutions are the gateway to our economic world and a recession can cause damage through credit and investment losses and reductions in business.

AP 52

AP Financial Services Budgeting Invoice Processing 52

Future Firm

SEPTEMBER 27, 2023

Offshoring: Here you are moving business processes and your in-house accounting team to another country, typically one with a lower labor cost structure. What makes offshoring unique is that you essentially maintain full control over the financial data processing, which might be interesting if you’re providing client accounting services.

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Outsourced Bookkeeping Bookkeeping QuickBooks Bookkeeping Services 98

NextProcess

JULY 28, 2024

When you’re working to improve spend management, you’ll want to consider the whole procure-to-pay cycle from budgeting, to purchasing, to receiving, to accounts payable. Financial Services— tighten controls, reduce errors , and simplify complex financial processing with customizable software solutions.

Purchase Order 52

Purchase Order AP Accounts Payable Accounts Payable 52

Remote Quality Bookkeeping

MAY 8, 2023

One way to keep a check on this aspect of your business is to leverage the power of a dynamic organizational tool, the chart of accounts. What is a Chart of Accounts? A chart of accounts (COA) is a great way to organize all your company’s financial details smartly.

Accounting 52

Accounting Accounting Financial Statements Bookkeeping 52

AvidXchange

APRIL 18, 2018

CHARLOTTE, N.C. , (April 18, 2018) – AvidXchange , a leading fintech provider of accounts payable and payment automation for midsize companies, is pleased to announce that Dan Drees has joined the company as Chief Growth Officer, a new role created to facilitate ambitious and exciting growth.

Accounts Payable 52

Accounts Payable Accounts Payable Financial Services Collections 52

Nanonets

SEPTEMBER 1, 2023

In Accounts Payable, the importance of vendor payment methods often goes unnoticed despite their substantial influence on the overall cash flow, efficiency of the AP team, and profit margins. FedNow For Businesses It significantly impacts your Accounts Payable process due to speed, low cost & ready availability.

Accounts Payable 52

Accounts Payable Accounts Payable AP Invoice Processing 52

Nanonets

NOVEMBER 14, 2024

Real-time integrations with accounting systems like QuickBooks, Xero, and ERPs 7. Native integration with major ERP and accounting systems 5. Particularly valuable for enterprises in financial services, insurance, and healthcare. Built-in approval workflows with custom validation rules and automatic routing 5.

Invoicing 52

Invoicing Auditing Financial Services Accounting Software 52

Nanonets

APRIL 3, 2024

Traditional bookkeepers are professionals responsible for recording financial transactions, maintaining ledgers, and preparing financial statements manually or using basic accounting software. These professionals play a crucial role in ensuring the accuracy and integrity of a company's financial records.

Virtual Bookkeeping 74

Virtual Bookkeeping Bookkeeping Data Entry Bookkeeping Services 74

Nanonets

NOVEMBER 18, 2024

Seamless integrations : Connects with major accounting and ERP systems like Quickbooks , Xero , NetSuite , and Sage. Enterprise plan : Custom pricing with dedicated account management, integrations, and personalized solutions. making it a preferred choice for lenders ,, financial institutions, and fintech companies.

Invoicing 52

Invoicing Purchase Order Data Entry Invoice Processing 52

Nanonets

MAY 30, 2023

According to a global study conducted by Accenture , 79 percent of Chief Financial Officers believe that the pandemic’s impacts have compelled them to resort to technology for payment processes. Cheque payments are limited by the amount of money in the bank account.  Many The cost of processing checks is about $3.  Check

Accounts Payable 52

Accounts Payable Accounts Payable Purchase Order AP 52

AvidXchange

OCTOBER 15, 2022

Closing out business from the previous month or year, carrying forward balances, and opening posting accounts for the upcoming period is a lot, especially during the holidays, when AP staffers take much-needed time off. We would utilize our Yardi accounting system for accounting year-end close activities. Suzanne C.: “Our

Microsoft Excel 52

Microsoft Excel AP Accruals Reconciling 52

AvidXchange

FEBRUARY 1, 2022

We pinpointed three ways to consider: sharpen your strategic thinking and planning skills, gain specialized education in digital technologies and decide whether you want to progress further in an accounting or finance career – they’re not exactly the same. If you think accounting might be your passion, more education will be crucial.

AP 52

AP Corporate Finance Accounts Payable Accounts Payable 52

AvidXchange

MARCH 13, 2019

For millions, EFT networks allow 24-hour access to their cash and a more convenient and efficient means of accessing their account information. The ATM leveraged new telecommunications technology to facilitate account transfers, deposits, cash withdrawals, and more using a magnetic stripe card and a personal identification number (PIN).

Deposits 40

Deposits Accounts Payable Accounts Payable Computation 40

Gaviti

JULY 3, 2024

IOFM Fall Date: November 6-8, 2024 Location: Caesar’s Palace, Las Vegas Audience: A/R, A/P and procurement The Institute of Finance and Management (IOFM) hosts a bi-annual conference for accounts payable, accounts receivable, and procurement professionals that provides a three-day in-depth learning experience for accounting professionals.

Collections 52

Collections Account Receivables Accounts Receivable Accounts Receivable 52

Nanonets

SEPTEMBER 18, 2024

Financial document automation is not just changing the game – it's rewriting the rules.    From multinational banks and big accounting firms to local insurance agencies and small healthcare providers, businesses of all sizes process hundreds and thousands of financial documents daily.

Purchase Order 52

Purchase Order Data Entry AP Invoicing 52

Nanonets

NOVEMBER 19, 2023

It's a process that ensures every payment, adjustment, or write-off tied to an invoice is accounted for and settled. It paves the way for flawless financial records, better cash flow, and smooth business operations. This could be due to overcharges, defective goods, or short deliveries you need to account for.

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Invoicing Account Receivables Accounts Receivable Accounts Receivable 52