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.

Accounts Payable 52

Accounts Payable Accounts Payable AP Outgoing Payments 52

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.

Accounts Payable 52

Accounts Payable Accounts Payable AP Outgoing Payments 52

AvidXchange

NOVEMBER 16, 2023

First, Grafals recognized the accounting department didn’t have an accounts payable automation solution that allowed for centralized access and visibility to accommodate all employees across the country. Additionally, the team struggled with lengthy and cumbersome month-end closing processes due to manual payment approvals.

Accounts Payable 52

Accounts Payable Accounts Payable AP Accruals 52

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. Why Now for AP in Retail.

Accounts Payable 52

Accounts Payable Accounts Payable AP Accounting 52

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 52

Accounts Payable Accounts Payable AP Invoicing 52

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 52

AP Invoice Processing Accounts Payable Accounts Payable 52

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 52

AP Invoice Processing Invoicing Accounts Payable 52

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 80

AP Invoicing Accounts Payable Accounts Payable 80

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 52

Invoicing AR AP Accounts Payable 52

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 Tipalti Midmarket + Enterprise Global payments automation with tax compliance 4.5/5

AP 52

AP Invoice Processing Accounts Payable Accounts Payable 52

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 52

Invoicing Invoice Processing AP Data Entry 52

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 52

AP Invoice Processing Invoicing Accounts Payable 52

AvidXchange

JANUARY 10, 2024

The company needed a way to process payments remotely in order to ensure its suppliers were paid on time. The Solution: Integrated AP Solution Saves Time and Money and Enables Remote Work In 2010, MCG adopted TimberScan, an automated invoice processing product that enables staff to electronically submit and get approvals on invoices.

AP 52

AP Invoicing Invoice Processing Accounts Payable 52

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 78

AP Invoicing Invoice Processing Data Entry 78

Nanonets

JANUARY 11, 2024

  As part of the broader area of process automation, accounting workflow automation tools like QuickBooks are gaining traction among companies and business owners.    The use of such accounts payable automation software has proven to yield substantial cost savings— upwards of $16 per invoice. 

QuickBooks 52

QuickBooks Accounts Payable Accounts Payable Data Entry 52

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 52

Invoice Processing Invoicing Budgeting Accounting 52

AvidXchange

JULY 23, 2024

Benefits of AI Billing AI billing can offer AR teams many benefits compared to a manual billing process, some of which are outlined below. Accuracy AI billing systems can significantly reduce errors in data entry and invoice processing, ensuring more accurate financial records.

Accounts Receivable 52

Accounts Receivable Accounts Receivable Account Receivables Billing 52

AvidXchange

NOVEMBER 9, 2022

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?

AP 52

AP Accounts Payable Accounts Payable Invoice Processing 52

Nanonets

SEPTEMBER 12, 2023

Growing businesses often struggle to deal with sudden increases in invoices. Throw in manual invoice processing and siloed data and systems, and you've got a recipe for inefficiency and frustration.   In sharp contrast, automated invoice processing could reduce the cost to $1.42

AP 52

AP QuickBooks Invoicing Data Entry 52

AvidXchange

SEPTEMBER 17, 2024

Seventy-seven percent of finance departments have invested in AI and automation to help address talent shortages in 2024, according to our survey. AI can help short-staffed finance and accounting teams by automating routine tasks such as data entry, invoice processing, and financial reporting.

Customer Service 59

Customer Service Data Entry Invoice Processing Financial Reporting 59

AvidXchange

OCTOBER 14, 2022

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

JULY 29, 2021

There are several misconceptions about robotic process automation (RPA), how it works and why it’s important in the context of accounts payable (AP) automation. You’ll see RPA in action doing tasks on your computer screen such as keying in numbers into the amount field of a digital invoice.

AP 40

AP Accounts Payable Accounts Payable Invoice Processing 40

AvidXchange

OCTOBER 12, 2022

Westport Construction shares how TimberScan Titanium enhances Acumatica and saves time with digital accounts payable (AP) Vince Wile joined Westport Construction about 10 years ago, evolving from an administrative role on the finance team to a lead decision maker, second to the CFO. That puts me at ease.”

AP 52

AP Purchase Order Invoicing Invoice Processing 52

Gaviti

APRIL 18, 2024

Download this guide and learn: The challenges of scaling a collections team How to handle and better manage these challenges The best tips on effectively building your own A/R collections team Download the Ebook Why Do You Need an Accounts Receivable Aging Report ?

Accounts Receivable 52

Accounts Receivable Accounts Receivable Account Receivables AR Collections 52

AvidXchange

APRIL 12, 2023

Customer Name: Gates Hudson Community Management To manage invoicing and payments for its diverse portfolio of properties, GCHM relies on an automated accounts payable (AP) solution from AvidXchange that is designed for the unique needs of the industry. Once the invoice is released for payment, AvidPay handles the rest.

AP 52

AP Data Entry Invoicing Accounts Payable 52

AvidXchange

NOVEMBER 9, 2022

Thirty-six percent of survey respondents are focusing 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?

AP 52

AP Billing Budgeting Accounts Payable 52

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 52

Purchase Order Invoicing Invoice Processing Computation 52

AvidXchange

OCTOBER 11, 2022

So, as your business braces for a recession and starts to re-evaluate costs, you should ask yourself two questions: What can my accounts payable (AP) team do to impact the bottom line and prove itself as an asset that powers growth? How can my AP team leverage technology to perform efficiently in a hybrid/remote environment?

AP 52

AP Accounts Payable Accounts Payable Invoicing 52

AvidXchange

OCTOBER 11, 2022

He manages an accounting team of 15 and is charged with making sure the company’s books, financial processes and procedures are accurate and consistent. He keeps an eye on what’s in the accounts payable (AP) queue and ensures that internal management and external auditors have the financial information they need, when they need it.

AP 52

AP Data Entry Invoicing Invoice Processing 52

AvidXchange

JUNE 10, 2024

Payment automation software typically integrates with many accounting systems and enterprise resource planning (ERP) platforms, helping to provide a streamlined and efficient solution for managing and recording financial transactions.

Data Entry 52

Data Entry Budgeting Deposits Invoice Processing 52

Gaviti

MARCH 3, 2024

Why RPA is Indispensable in Modern Accounts Receivable The widespread adoption of robotic process automation in organizations, and finance and accounts receivable in particular, delivers many advantages. With RPA invoice processing, A/R processes are streamlined and invoices get paid faster.

Accounts Receivable 52

Accounts Receivable Accounts Receivable Account Receivables Accounting 52

AvidXchange

MAY 24, 2022

In accounts payable (AP) automation , an API plugs into different software programs, unlocks the data and turns on the communications between them so they can connect and share information and functionality. It’s crucial to learn how APIs reduce your expenses, speed up payment and invoice processing and minimize mistakes.

AP 52

AP Data Entry Invoice Processing Accounting Software 52

AvidXchange

JUNE 23, 2022

Intrigued with the idea of a paperless office, Sorrells began researching automated accounts payable (AP) solutions. Previous Next The results: Freedom from paper Sorrells has experienced multiple benefits since automating AP last year, from stress-free invoice processing to better visibility, faster payments and fewer hiring needs.

AP 52

AP Invoicing Invoice Processing Data Entry 52

AvidXchange

OCTOBER 15, 2023

While the utility waits for its customers to pay their bills, the unpaid invoices are considered accounts receivable. Accounts receivable should not be confused with accounts payable (AP). Accounts receivable is the debt of the buyers to the company. Learn more about the procure-to-pay process.

Accounts Receivable 52

Accounts Receivable Accounts Receivable Account Receivables AR 52

Nanonets

JUNE 24, 2024

The documents or data points that you need to consolidate in (real-time) order to perform credit card reconciliation are: The invoice gets generated via the software provider. Importing the invoice into your accounts payable system or your general ledger When the payment comes in via the credit card, collect the receipt to perform the match.

General Ledger 52

General Ledger Reconciling Data Entry Invoicing 52

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. For more information about how automation can fortify your business, download our white paper: “How Middle Market Finance Teams are Preparing for a Recession.”

AP 52

AP Financial Services Budgeting Invoice Processing 52

AvidXchange

AUGUST 13, 2021

In some cases the company paid vendors late because of a flawed accounts payable (AP) system. The company’s accounts payable pro, who had been handling its invoices and payments for 15 years, resigned. She also likes spending a lot less time on the invoicing process. Now that’s all automated.

Invoicing 40

Invoicing Accounts Payable Accounts Payable Invoice Processing 40