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Over the last 20 years we’ve been on an incredible journey, and an integral part of our journey has been the addition of customers, team members, solutions, partners, and culture from EnergySolve, Piracle, and Strongroom. Each brand has been carefully woven into the AvidXchange brand, and we are pleased to move forward with one unified presence giving our customers, partners, and employees access to more resources and solutions than ever before.
We are delighted to announce the launch of our new website! Our new website provides our existing and prospective clients a simple yet interactive view of our work and the services we offer. Stay tuned to our blog for new ideas! Sign up here so you never miss an update. For any enquiries and feedback, please write to us at ali@actonaccounting.com / corrie@actonaccounting.
Document Descri ption This is a document with tips for PMW file format configuration (DME). If you are looking for PMW Configuration, please take a look at DMEE Configuration:Step By Step Part 1 sapnote 1788223 – Attachments – EN_Create_the_new_DMEE_format.pdf Scenario 1 Create a flat file with the following structure: Header Payment Document Invoice Invoice …… Payment Document ……… Trailer The file has the following definition: – Header: 01 ; Payme
The intent of this document is provide the reader with a fundamental understanding of Oracle Loans, enriched with lessons learned from actual implementations. Matt Makowsky is an Oracle Financial Applications Consultant with 17 years experience and a Senior Solutions Architect with Perficient. Oracle’s EBS Financials offerings include many “niche” products that are not considered “Core” applications by most consultants.
Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.
Times change. And so does technology. Is invoice scanning obsolete? Eight years ago, I was like most vendors. I preached the virtue of scanning invoices. I waxed eloquent about how it saves time with filing and storage costs. Today, I’d have to ask why any organisation would do invoice scanning. It means investing in a scanner. Not to mention doing all that manual work – something I’ve found accounts payable staff hate and usually aren’t very good at.
When it comes to providing a cost-effective and viable solution for their AP, traditional bill-pay just doesn’t cut it. Why? Old-fashioned bill-pay systems ignore invoice presentment, but that’s how many of SMBs pay vendors today. Tight internal expense controls are no longer only a large corporate concern. SMB’s demand enterprise-level internal controls before money leaves their accounts.
We’re so excited to announce that AvidXchange is once again one of Charlotte Business Journal’s Best Places to Work. The Charlotte Business Journal selects the winners for their Best Places to Work Award based on a combination of criteria that span from community involvement to employee perks, and an anonymous survey that is completed internally by each company’s employees.
We’re so excited to announce that AvidXchange is once again one of Charlotte Business Journal’s Best Places to Work. The Charlotte Business Journal selects the winners for their Best Places to Work Award based on a combination of criteria that span from community involvement to employee perks, and an anonymous survey that is completed internally by each company’s employees.
Continuing Professional Education (CPE) is required for CPAs to maintain their professional competence and provide quality accounting services. With tax laws and regulations in a constant state of flux, expanding your expertise is a must. CPE is also needed to meet your state board’s requirements for CPA license renewal, as well as for meeting certification requirements for any membership associations and other professional certifications, such as the CMA or CFP®.
Next Money CLT is hosting its first event, focusing on the emergence of FinTech partnerships at a meetup at Packard Place on Sept. 13. The event will feature Mike Praeger , CEO and co-founder of AvidXchange ; Frank Farro , senior vice president of development and engineering at Bank of America; and Holly Eskridge , with Charlotte’s Neighborhood and Business Services Dept.
The Harsh and Fast-Paced Economy Running a business is no easy task, but reaping its benefits is extremely rewarding. Watching your business grow and your dreams unfold are one of the greatest pleasures in life. It is very satisfying to watch all your employees working towards the same goal. The business world is a constantly changing scenario, leaving no room for anyone to rest on their laurels.
AvidXchange , leading provider of accounts payable and payment automation solutions for midsize companies, recently exceeded 800 employees. This is a major milestone for us, since we were nearing the 80 employee mark at the end of 2011. We’ve been on a fast trajectory with just over 300 employees at the beginning of 2015, and starting out 2016 with just over 500 employees. 2015 was a record year for us, with more than a 60% growth in the employee base, but 2016 is set to outpace this with
As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R
Michael Praeger, CEO and Co-Founder of AvidXchange , has spent the last 20 years founding, managing, merging and selling technology and web services-related companies. Born and raised in Wisconsin, Praeger left the Midwest after high school to embark on a career that led him to Washington D.C., Boston, and Charlotte.Studying finance and meeting his wife, Cindy, (also a startup software CEO) at Georgetown University, Praeger moved to Boston in the early ’90s and worked for Summit Partners,
Serving more than 5,500 clients throughout North America, AvidXchange is an industry leader in automating invoice and payment processes for mid-market companies.In today’s blog, we’ll get to know Brian Thayer, Vertical Sales Manager at AvidXchange. Brian has worked for AvidXchange for the past eight years. He started in our Lead Generation department, setting up demos for our outside sales team, before transitioning into a New Business sales role.
We’re thrilled to announced that our CFO, Karen Bertaux, won the designation of Large Business Sector CFO of the Year last night during the Charlotte Business Journal’s 2016 CFO of the Year Awards ceremony at the Hilton Charlotte Center City. The program honors local professionals’ exemplary performance as corporate fiscal stewards. Karen joined AvidXchange in April, 2015, to support our growth in revenue and workforce.
A second part of the Receivables work area deals with Accounts Receivable. Users can easily take action on pending items or drill down to more details activities by quickly glancing at one or more of the four infotiles available: Receipt Batches, Lockbox Exceptions, Unapplied Receipts and Unapplied Credits. The first infotile allows users to see data for all receipt batches: manual receipt, lockbox and automatic receipt.
Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.
The Receivables work area provides three infotiles for Billing, Accounts Receivable and Revenue. Included in these is a number of services for customer billing and payment activities, revenue recognition and adjustments, AR balances and reconciliation to the general ledger. Real-time transactions and customer account information are available in the Billing and Accounts Receivable infotiles.
By now you’ve heard all about our 200,000 sq ft, six-story corporate headquarters under construction in Charlotte, but did you know we have several regional offices as well? You don’t have to live in the Queen City to take advantage of the amazing culture AvidXchange provides. We’re also located in Somerset, New Jersey, Houston, Texas, and Salt Lake City, Utah.
At AvidXchange , we believe in giving back to the communities that we call home. In coordination with AvidFoundation, our outreach program, we’re organizing a couple of upcoming events to raise money for some worthy causes. Keep reading for information on these events and how you can participate! Truckin’ Tuesdays Every Tuesday in July, AvidXchange is hosting “Truckin’ Tuesdays” for its employees at the AvidXchange Music Factory.
Serving more than 5,500 clients throughout North America, AvidXchange is an industry leader in automating invoice and payment processes for mid-market companies. By now you’ve heard all about our 200,000 sq ft, six-story corporate headquarters under construction in Charlotte, but did you know we have several regional offices as well? You don’t have to live in the Queen City to take advantage of the amazing culture AvidXchange provides.
AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?
In our last blog, we introduced you to Jim Campbell, Vice President of Construction Sales at AvidXchange, Inc. In today’s blog, we present part II of our Q&A with the construction industry expert. We’ll cover topics like technology, B2B fraud, why companies still cling to paper checks, and electronic payment automation. What does the landscape of the construction industry in 2016 look like?
After graduating from the University of North Carolina – Chapel Hill with a Bachelor of Science in Business Administration, Jim Campbell began his professional career in 1979 with Timberline Software Corporation, a pioneer in the development of application software for the construction and real estate industries. After serving in various roles, Jim was appointed to the executive team as Vice President of Sales in 1996.
Source: Vancouver Business (Credit: 20th Century Fox) In the past couple of years, our entertainment industry has witnessed a boom. The world-class film, television, visual effects and animation industries have been capable of supporting major feature-length projects here. We have seen many recent high-profile Hollywood productions including Deadpool and Star Trek Beyond shot in BC.
Austin is known for its great music, incredible food, and year-round outdoor fun. Everything’s bigger in Texas, including AvidXchange’s annual users conference! In celebration of our upcoming users’ conference, REVOLUTION 2016 (#REVTexas2016) , we’re looking at some of the speakers and AvidXchange team members you’ll meet there, like Ed Robinson!
Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.
The capital of Texas is known for its legendary music venues, foodie hotspots, and year-round outdoor fun. Everything’s bigger in Texas, including AvidXchange’s annual users conference! In celebration of our upcoming users’ conference, REVOLUTION 2016 , we’re looking at some of the other events happening in Austin this year so our partners and customers can make a trip out of their visit!
Creative Loafing’s 2nd Annual Moo & Brew Craft Beer and Burger Festival took place at the AvidXchange Music Factory on Saturday, April 16. We had an absolute blast meeting Queen City’s most avid beer and burger aficionados while enjoying some live music and the amazing weather. Thanks to everyone who stopped by our tent to say hello and play a quick game of cornhole or take a pic at our photo booth.
With AP automation , nonprofit organizations can reduce their AP and payment processing costs. In addition to cost savings, these organizations can eliminate the manual tasks associated with paper invoices and checks in the process. In an automated workflow, nonprofits can track invoices electronically and have a central repository for invoice data that can be accessed anytime, anywhere.
Presented by IT-oLogy, the Blue Diamond Awards recognizes IT innovation in the Charlotte region. The Blue Diamond Awards have helped to attract IT talent and economic development in the Queen City and build a community around technology and innovation. More than 300 business, technology, educational, and community leaders gathered at the NASCAR Hall of Fame on March 1 to celebrate the best technology innovation and application in Charlotte.
In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.
Nonprofit organizations can reduce their AP and payment processing costs, eliminating all of the manual tasks associated with paper invoices and checks in the process. By automating the accounts payable process, organizations can track invoices electronically, streamline workflows, and have a central repository for invoice data that can be accessed anytime, anywhere.
The entire accounting function of your business can be outsourced. We can perform all transaction processing, accounting, cheque preparation, payroll, and filing off-site. Here is how it works: We are provided vendor invoices, deposit reports, government forms, and other source documents from your business on a regular basis. We can process your transactions in Simply Accounting or QuickBooks and prepare cheques to pay your vendors.
I’m often asked how to get one’s staff to increase the use of purchase orders. That can be a bit sticky because most of the people in your organisation probably have no idea why purchase orders are so important – they just appear to be an admin process that wastes a lot of time. Just more paperwork? They don’t realise that purchase orders can give management a long-term and accurate perspective of the company’s financial position and commitments or that purchase orders en
Is your handling of invoices tax compliant? Receiving invoices by email is both a blessing and a curse. Which you get depends on how well set up you are. For example, many of the accounts payable staff I talk with tell me that they hate getting email invoices. They have to print them out so they can be processed. Even companies that scan their invoices find themselves printing them out.
Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.
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