AvidXchange

JULY 14, 2022

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. Additionally, finance professionals value skills development and the opportunity to work on more strategic initiatives.

AP 52

AP Billing Invoicing Accounting 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. They process scores and scores of invoices for media suppliers, contractors and others.

AP 52

AP Invoicing Budgeting Accounts Payable 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

To better understand the staffing challenges currently facing financial departments, AvidXchange and the Institute of Finance & Management (IOFM) conducted an “AP Professional Career Satisfaction Survey.” We found that 23% of AP professionals surveyed said they work up to an additional two or more hours each day.

AP 52

AP Invoicing 52

AvidXchange

NOVEMBER 9, 2022

Automated AP solutions are especially helpful to real estate firms because of the industry’s notoriously complex, time-consuming AP processes. From there, invoices travel to the corporate office for approvals and payment processing, which adds additional time to the already lengthy process. “In

AP 52

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

AP 52

AP Accounts Payable Accounts Payable Invoice Processing 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. 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