AvidXchange

JULY 28, 2015

In the recently released “ePayables 2015: Higher Ground,” Ardent Partners surveyed 175 leaders in the accounts payable and finance industry. The resulting report outlines some of the characteristics and capabilities of best-in-class companies, but it also lists priorities and challenges faced by many in the accounts payable industry. The top challenge of those surveyed was “that the percentage of exceptions that must be handled is too high.

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AvidXchange

JULY 26, 2015

For better or worse, in our profession or in our personal lives, we all like to compare ourselves to others. We do this sometimes as a validation that we’re on the right track, and other times as a means of motivating ourselves to do better. In the business world, this kind of benchmarking can be beneficial. You have to know what your competitors are doing, and how you stack up against them.

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AvidXchange

JULY 22, 2015

What comes to mind when you hear the word “network”? Do you think about meeting up with others in your industry to exchange business cards and talk shop? Or perhaps reaching out to others via LinkedIn? These are no doubt useful, but in the world of AP automation there’s an even more important network. In Ardent Partners’ new report “ePayables 2015: Higher Ground,” they define a network as “a web-based platform that enables interconnected buyers and sellers to trade, communicate and collaborate w

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AvidXchange

JULY 21, 2015

When most companies first decide to automate, they set their sights on reducing costs by eliminating paper from their AP process. This is one of the main reasons most people automate in the first place, and since the results are practically immediate this plan of attack makes perfect sense. But what do you do after the process is in place, humming along efficiently in a way you never thought possible?

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Speaker: Timothy Allsopp

Payment challenges often lead to delayed projects, financial bottlenecks, and strained relationships. With construction projects becoming more complex, outdated processes are no longer sustainable. By refining financial workflow, companies can improve cash flow, reduce error, and foster trust between stakeholders. Discover practical strategies for redesigning payment systems to overcome workflow challenges while creating a smoother, more reliable process for contractors and subcontractors alike.

Invoicing

AvidXchange

JULY 8, 2015

In our last post, we talked about how getting rid of the “paper avalanche” is the first step in reaching what Ardent Partners calls higher ground. Getting rid of paper is the first step in reaching higher ground, not the last. It is absolutely critical, but there is more work yet to be done after that paper avalanche is conquered. Do you remember studying Maslow’s hierarchy of needs?

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