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Revolutionizing Accounts Payable: The Power of Automated AI Invoice Processing

Billing Platform

The Traditional Accounts Payable Process Traditionally, the accounts payable process has been a manual and labor-intensive operation often riddled with human error. Benefits of AI in Automated Invoicing The implementation of AI in accounts payable brings a host of benefits that significantly enhance the invoicing process.

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SURVEY: Accounts Payable Professionals Are Unsatisfied, Searching for New Jobs

AvidXchange

Accounts payable departments are vulnerable to staffing issues – especially if those employees are stuck working with manual, paper-based systems. With the unemployment rate hovering at 3.6% and The Great Resignation still in full swing, finance departments are looking for ways to retain top talent.

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AvidPay Makes ‘Daunting Payment Task’ More Efficient for Real Estate Company

AvidXchange

By doing that, the company sped up payments and lowered costs by eliminating paper check printing, envelopes and the costs of postage. During the past few years, Providence Management searched for the best automated accounts payable (AP) software to process its payments. So in 2020 the company switched back to using AvidPay.

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Financial Services Industry Faces a Hiring Crisis Amid Economic Uncertainty

AvidXchange

DOWNLOAD WHITE PAPER DOWNLOAD: How to Attract, Retain & Grow Top AP Talent Amid Economic Uncertainty The post Financial Services Industry Faces a Hiring Crisis Amid Economic Uncertainty appeared first on AvidXchange. News & World Report.

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Technology Solutions for a Short-Staffed Media Industry Dealing With an Increase in Work

AvidXchange

For more information on how end-to-end AP automation can help with staffing challenges and a deeper look into our AP professional career satisfaction survey results, download our white paper “How to Attract, Retain and Grow Top AP Talent Amid Economic Uncertainty.”

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Survey Uncovers Top Priorities for HOA Management Firms

AvidXchange

The survey showed nearly 60% of the management companies have already adopted an accounts payable (AP) automation solution while 21% are considering or researching a solution. “How to adapt and utilize technology to enhance the community’s experience and interactions with our management company.” “We

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How are AP Departments within Homeowners Associations Responding to a Potential Recession?

AvidXchange

Thirty-six percent of survey respondents are focusing their investments on automation, including accounts payable (AP) solutions that replace manual back-office processes like invoice processing and bill pay that are critical to operations. Where are companies putting their technology investment dollars?

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