AvidXchange

JANUARY 22, 2025

AP automation also reduces invoice processing costs and time, providing the efficiency and agility to handle fluctuating material costs and project delays. Download Now Download Our Free 2025 Trends Report Now The post How Finance Teams Can Adapt to Post-Election Changes appeared first on AvidXchange.

AP

Nanonets

MAY 23, 2025

Automated document processing Automated email import workflow Getting invoices and purchase orders into your accounting system is often the first bottleneck. Many businesses waste hours manually downloading attachments from emails, sorting through different formats, and typing data into QuickBooks.

QuickBooks

AvidXchange

JULY 1, 2025

To learn more about what they uncovered, download a summary of the report. Download Our Free Media Invoice Guide The Current State of Agency Invoice Processing Modern Media Solutions found that most agencies are dissatisfied with their existing accounts payable (AP) processes. AvidXchange, Inc.

Invoice Processing

Nanonets

MAY 22, 2025

  Sage Intacct AI: Native features explained The future of accounting isn't about faster monthly closes. More of continuous accounting rather than periodic sprints.  AP bill automation This is Sage's native solution for handling invoices. The focus is gradually shifting to eliminating closing cycles.

AP

Compleatable

AUGUST 9, 2024

“With iCompleat we have achieved this, saving a huge amount of time on invoice processing, while also granting greater visibility and process compliance across departments “…I would happily recommend iCompleat to any finance team in the Education sector…” – Terry Harding, School Accountant at Milton Abbey School (..)

Invoice Processing

AvidXchange

JANUARY 19, 2024

Accounts payable (AP) is a critical function within any business. To make sure your AP department is operating at an optimal level , consider implementing these accounts payable best practices. 1. Enter Invoices Promptly Enter invoice data into your AP system without delay upon receipt.

Accounts Payable

Nanonets

JUNE 14, 2023

With the growing digitalization, businesses are dealing with massive volumes of invoices every day. Traditionally, invoice processing has been a manual and time-consuming process, that needs significant resources and is prone to errors. This invoice has the information on the Shipping, Billing, items, and prices.

Invoice Processing

Gaviti

APRIL 11, 2024

Of all the data financial departments love to monitor, accounts receivable often tops the list. Is it time for your business to complete an accounts receivable analysis? What is Accounts Receivable Analysis? What is Accounts Receivable Analysis? Review your invoicing process: Are you invoicing correctly?

Accounts Receivable

AvidXchange

JUNE 12, 2024

You may be wondering what types of accounts payable metrics your team can watch to help ensure your AP processes are efficient and consistently improving. Number of invoices received is simply a count of the volume of invoices your company processes in a set period, typically a month or quarter.

Accounts Payable

Nanonets

MAY 4, 2023

Processing invoices accurately and efficiently is crucial to any organization's financial health. But invoices aren’t always perfect; due to issues in invoices, it causes delays in invoice processing and releasing payments. What is the issue with processing invoices with irrelevant pages?

Invoicing

MineralTree

FEBRUARY 1, 2024

Key takeaways Accounts payable teams continue to face challenges with fewer resources, despite it being nearly four years since the onset of the COVID pandemic. It is time-consuming and difficult for these teams to process invoices and check payments manually, and physically route them for approvals and authorizations.

Accounts Payable

AvidXchange

JULY 23, 2024

Enter AI billing, a game-changer for invoicing and accounts receivable (AR). By leveraging artificial intelligence (AI) for billing, companies can streamline their accounting processes, cut costs, improve security, and enhance overall accuracy.

Accounts Receivable

AvidXchange

JANUARY 16, 2024

AI applications in construction are delivering better overall outcomes for projects, helping businesses save money and build efficient processes. Consider the following AI applications in construction if you’re ready to harness its power within your organization. Download Our Ultimate AI Guide 1.

AP

AvidXchange

OCTOBER 18, 2023

The Challenge: An Increasingly Heavy AP Workload Security Properties Residential faced a “blockade for growth” in its AP department during this time of intense expansion. Each week, the company pays 1,500-2,000 invoices, processing hundreds of thousands of dollars’ worth of payments.

AP

AvidXchange

OCTOBER 15, 2023

How Does Accounts Receivable Work? Accounts receivable (AR) refers to the outstanding invoices a company has or the money it is owed from its clients. Table of Contents What is Accounts Receivable? While the utility waits for its customers to pay their bills, the unpaid invoices are considered accounts receivable.

Accounts Receivable

AvidXchange

NOVEMBER 16, 2023

During her 20+ year tenure, she’s held various roles at the company, now working as the senior vice president of regional finance, focused on process improvement within the organization. Additionally, the team struggled with lengthy and cumbersome month-end closing processes due to manual payment approvals.

Accounts Payable

Nanonets

APRIL 10, 2023

Managing financial records is a crucial aspect of the job of an accountant or bookkeeper. However, most of the time goes into manually entering invoice data into Excel. And invoices come in all formats, word, excel, PDF, text, scanned images, or handwritten notes. This process is tiresome, error-prone, and time-consuming.

Invoicing

AvidXchange

SEPTEMBER 4, 2024

Download Our Invoice Management Software Checklist What is Invoice Management Software? Invoice management software, also known as a vendor invoice management system or vendor invoice management software, is a digital tool designed to automate invoice processing within an organization’s accounts payable (AP) department.

Invoicing

Gaviti

MARCH 3, 2024

Many of these organizations focus on implementing RPA in the financial and accounts receivable department, where employees are burdened with repetitive manual tasks. What is Robotic Process Automation (RPA) in Accounts Receivable? Benefits of accounts receivable automation include: It’s more efficient.

Accounts Receivable

Gaviti

APRIL 18, 2024

As an assessment and diagnostic tool, it’s hard to overstate the importance of your company’s accounts receivable (AR) collections aging report. As an assessment and diagnostic tool, it’s hard to overstate the importance of your company’s accounts receivable (A/R) aging report. What Is an Accounts Receivable Aging Report?

Accounts Receivable

AvidXchange

FEBRUARY 7, 2022

We’re taking a look at key construction industry trends predicted to impact the way firms manage their finances, namely invoices and payments — mission-critical processes — and how technology is promising to transform AP departments by creating smarter ways to work. Download the report and get a jump on the new year.

Accounts Payable

Nanonets

OCTOBER 18, 2024

Imagine turning your often-overlooked Accounts Payable department into a strategic powerhouse. In the new era of Accounts Payable— every invoice processed should be a step towards long-term success. 5 AvidXchange Midmarket + Enterprise Paperless processing with extensive system compatibility 4.3/5

AP

AvidXchange

SEPTEMBER 17, 2024

The finance and accounting space is experiencing a talent shortage. In 2023, The Wall Street Journal reported the largest single-year drop in accounting graduates in 20+ years. Download Now Download Our Free 2025 Trends Report Now The post AI ROI: Measuring Impact in Finance appeared first on AvidXchange.

Customer Service

AvidXchange

JANUARY 10, 2024

Customer Profile Customer: Matt Belsterling, MCG Products Used: TimberScan , AvidPay Customer Since: 2010 Industry: Construction Accounting System: Sage 300 CRE How TimberScan and AvidPay for Sage 300 CRE Enable Efficiency Matt Belsterling has worked in IT for MCG for nine years, currently serving as IT manager.

AP

NextProcess

JULY 12, 2024

Your accounts payable (AP) department deals with a large number of internal and external customers. Within the company, AP works with purchasing and receiving to authenticate invoices and make payments. Accounts payable works with vendors and suppliers, as well as financial institutions your company uses to process payments.

Accounts Payable

AvidXchange

APRIL 10, 2024

Download "The Ultimate Guide to AI in Finance" 1. Finance Automation AI-powered tools can streamline financial tasks within dental groups such as invoice processing , expense tracking, budgeting and forecasting. Download Our Guide to Using AI in Finance Expert Insights Unlock the secrets of thriving healthcare finance teams.

Invoice Processing

NextProcess

MARCH 22, 2024

The accounts payable department is responsible for managing a company’s payments. Naturally, you want the method for managing accounts payable to support good financial decisions. Deciding whether to invest in updated accounts payable (AP) processing might not be an easy decision. You need to weigh the pros and cons.

Accounts Payable

Nanonets

JANUARY 11, 2024

Introduction For decades, accountants have relied on various software tools, with classics like Excel playing a role in accounting operations.   The imperative solution is the automation of the entire accounting workflow.     Why QuickBooks API for Accounts Payable Automation?  

QuickBooks

NextProcess

MARCH 22, 2024

The accounts payable department is responsible for managing a company’s payments. Naturally, you want the method for managing accounts payable to support good financial decisions. Deciding whether to invest in updated accounts payable (AP) processing might not be an easy decision. You need to weigh the pros and cons.

Accounts Payable

MineralTree

FEBRUARY 9, 2023

Payment and Accounts Payable Trends for Healthcare in 2023 In order to deal with healthcare AP challenges , today’s medical practices must find ways to cut costs without affecting patient care quality. Last year, invoice processing challenges/delays was the #1 AP challenge stemming from supply chain disruptions.

AP

Nanonets

OCTOBER 18, 2024

Imagine turning your often-overlooked accounts payable (AP) department into a strategic powerhouse. The future of accounts payable lies in AP automation , which can turn this traditional back-office function into a key driver of growth. 5 AvidXchange Midmarket + Enterprise Paperless processing with extensive system compatibility 4.3/5

AP

MineralTree

SEPTEMBER 28, 2023

To keep pace with these changes, it’s imperative for financial functions to rethink their processes to boost productivity. Under the finance umbrella, accounts payable (AP) is particularly ripe for digitalization, with the potential to streamline operations and enhance efficiency. per invoice on average.

AP

Invoicera

MAY 11, 2024

It not only smooths financial operations but also guarantees transparency and accountability between businesses and their clients. Enter Invoicera, a free online invoice generator that can remove the hassle of invoicing for businesses of all sizes. Benefits of Using Invoicera Free Invoice Generator: 1.

Invoicing

Nanonets

APRIL 18, 2024

In today's fast-paced business environment, efficient management of accounts receivable (AR) and accounts payable (AP) is crucial for maintaining a healthy cash flow. Invoices are an essential part of this. Invoice creation and Invoice processing are critical steps in these processes.

Invoicing

MineralTree

NOVEMBER 17, 2022

While savvy retailers promptly responded to changing customer behavior with new digital technology initiatives, other retailers still struggle with supply chain issues, accounts payable inefficiencies, and high costs, without enough staff to help. 4 Areas Where Retailers Lead in Accounts Payable. Increased Invoice Automation.

Accounts Payable

AvidXchange

JULY 23, 2024

This post explores how AI is revolutionizing procurement, offering insights into its benefits and potential applications. Free Download: The Ultimate Guide to AI in Finance What is AI in Procurement? Artificial intelligence in procurement refers to the use of AI technologies to enhance and streamline the procurement process.

Purchase Order

AvidXchange

JUNE 10, 2024

A Morning Consult study found that YouTube, Instagram, and TikTok are Gen Z’s go-to sources for sports news. Team USA is targeting this demographic with a TikTok account that features its athletes as creators. Social Media Marketing A recent Deloitte report found that nine out of 10 Gen Zers use social media to consume sports content.

Data Entry