Remove Accounting Remove AP Remove White paper
article thumbnail

How to Offset the Construction Staffing Challenges with AP Automation  

AvidXchange

After accounting for inflation, construction spending has likely fallen over the past 12 months. Arming the back-office side of the business, the AP staff, with technology tools such as AP automation is a way that construction AP staff can work more efficiently and strategically.

AP 52
article thumbnail

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.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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.

article thumbnail

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

AvidXchange

Beginning in 2013, Illinois-based Providence Management Company started using AvidPay from AvidXchange to automate AP processes and payments. By doing that, the company sped up payments and lowered costs by eliminating paper check printing, envelopes and the costs of postage. So in 2020 the company switched back to using AvidPay.

AP 52
article thumbnail

Top Finance and Procure-to-Pay Communities for Accounts Payable

Nanonets

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.

article thumbnail

AP Automation’s Role in Helping Financial Institutions Navigate a Possible Recession  

AvidXchange

Investing in automation technology, such as accounts payable (AP) software, helps AP staff reduce manual tasks like invoice processing and bill pay. AP automation also allows professionals to focus on more strategic work like analyzing data, reducing errors and identifying growth opportunities.

AP 52
article thumbnail

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. AP automation provides flexibility — staff can handle tasks from anywhere, at any time.

AP 52