Billing Platform

JUNE 28, 2024

By automating the financial process, you’ll ensure accurate and timely invoicing, account receivables, revenue recognition, collections, and financial reporting. Want to dig a bit deeper, check out our Executive Overview: Usage-Based Billing white paper.

Billing 98

Billing Computation Collections Invoicing 98

Billing Platform

OCTOBER 28, 2024

Since invoices are paid in arrears, an increase in administration cost may occur. 3) Collect, cleanse, and reconcile usage data This step must encompass all databases where information is kept to ensure accurate records of usage or events called. The unpredictability of customer usage can lead to inefficient use of internal resources.

Billing 83

Billing Computation Invoicing Reconciling 83

Billing Platform

JUNE 28, 2024

By automating the financial process, you’ll ensure accurate and timely invoicing, account receivables, revenue recognition, collections, and financial reporting. Want to dig a bit deeper, check out our Executive Overview: Usage-Based Billing white paper.

Billing 52

Billing Computation Collections Invoicing 52

AvidXchange

AUGUST 5, 2022

The challenge: Manually processing thousands of invoices Capital Lock regularly services hundreds of customers, including property management companies that oversee large portfolios of rental properties for students. The properties have different owners, so each one must be separately invoiced, resulting in thousands of invoices each year.

AR 52

AR AP Deposits Invoicing 52

AvidXchange

AUGUST 31, 2023

She opened invoices with a letter opener, dealt with paper jams in the check printer and oversaw two employees whose full-time role was filing. While some organizations have at least partially updated these manual processes, others are resistant to change and may feel like the effort involved in digitizing processes is not worth the risk.

AP 52

AP Accounts Payable Accounts Payable Invoicing 52