AvidXchange

OCTOBER 14, 2022

Financial institutions are getting their priorities in order While financial organizations are inherently stable organizations, they’re looking long and hard at the numbers and the opportunities as they prepare their 2023 budget in anticipation of a possible recession. Here are their priorities: 1.

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AvidXchange

NOVEMBER 9, 2022

Seventy percent of survey respondents said their company is adjusting its budget over the next 12 months with 60% looking for ways to reduce costs and 66% looking to create efficiencies to increase productivity and improve profit margins. So how do they protect their budgets?

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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

For more information about how automation can fortify your organization, download our white paper, “How Middle Market Finance Teams are Preparing for a Recession.” Automating the tasks frees staff for more strategic, satisfying work and often enables facilities to handle greater workloads without additional hiring.

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AP Accounts Payable Accounts Payable Invoice Processing 52

AvidXchange

NOVEMBER 16, 2022

Redefining construction business priorities in the face of economic uncertainty Seventy percent of our survey respondents said their company is adjusting its budget over the next 12 months to prepare for a possible recession. Forty percent said their company is increasing its budget for technology.

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AP Budgeting Accounts Payable Accounts Payable 52