AvidXchange

OCTOBER 14, 2022

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

AP Financial Services Budgeting Invoice Processing 52

AvidXchange

JULY 14, 2022

For many AP professionals within CRE firms, the answer lies in creating more skill development opportunities that allow AP staff to spend more time on department planning, staff training and other managerial tasks they were hired to perform. Firms realize they can’t attract or retain AP professionals with mundane, inflexible jobs.

AP 52

AP Invoicing Accounts Payable Accounts Payable 52

AvidXchange

JULY 14, 2022

Automating AP departments offers powerful relief to agencies. Their AP departments play a key role, working behind the scenes to handle the financial side of media buys. AP automation frees up staff from the manual tasks of their job, like the need to manually enter information into supplier websites in the media industry.

AP 52

AP Invoicing Budgeting Accounts Payable 52

AvidXchange

SEPTEMBER 14, 2022

In a recent career satisfaction survey conducted by AvidXchange in partnership with the Institute of Finance & Management (IOFM), we found less than one-third of AP pros across all industries are “very” or “extremely” satisfied in their role. Thirty-six percent of AP pros are working longer hours each day compared to two years ago.

AP 52

AP Accounts Payable Accounts Payable Billing 52

AvidXchange

JULY 20, 2017

It comes as no surprise that PwC released a white paper suggesting that annual budgets are “little more than paperweights” and that “many budgets become obsolete before the fiscal year begins.” Most companies run their operations on a quarterly basis, even though they prepare budgets annually.

Budgeting 52

Budgeting AP Outgoing Payments Accounts Payable 52

AvidXchange

OCTOBER 14, 2022

Organizations that invest in AP automation often have an advantage over those that still rely on cumbersome, time-intensive ways of doing business. For more information about how automation can fortify your organization, download our white paper, “How Middle Market Finance Teams are Preparing for a Recession.”

AP 52

AP Accounts Payable Accounts Payable Invoice Processing 52

AvidXchange

NOVEMBER 16, 2022

While the construction industry has never been an early adopter of technology, it’s increasingly turning to innovation to modernize and improve workflows — from using drones for better visibility to cloud-based accounts payable (AP) tools for better processes. Automation, specifically, is top of mind for many.

AP 52

AP Budgeting Accounts Payable Accounts Payable 52