AvidXchange

DECEMBER 12, 2016

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.

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Acton Accounting & Bookkeeping

NOVEMBER 8, 2016

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.

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SAP Accounts Payable

SEPTEMBER 9, 2016

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

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Perficient - Accounts Receivable

JULY 29, 2016

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.

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Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting

Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical

CAAPS

FEBRUARY 9, 2016

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.

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AvidXchange

OCTOBER 17, 2016

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.

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AvidXchange

SEPTEMBER 12, 2016

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®.

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Acton Accounting & Bookkeeping

SEPTEMBER 7, 2016

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.

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AvidXchange

SEPTEMBER 8, 2016

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.

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AvidXchange

SEPTEMBER 6, 2016

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

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Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

Accounting

AvidXchange

AUGUST 15, 2016

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,

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AvidXchange

JULY 26, 2016

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.

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AvidXchange

JULY 22, 2016

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.

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Perficient - Accounts Receivable

JULY 17, 2016

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.

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Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

Accounting

Perficient - Accounts Receivable

JULY 7, 2016

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.

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AvidXchange

JUNE 28, 2016

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.

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AvidXchange

JUNE 27, 2016

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.

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AvidXchange

JUNE 7, 2016

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.

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Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

Financial Statements

AvidXchange

MAY 11, 2016

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?

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Acton Accounting & Bookkeeping

MAY 9, 2016

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.

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AvidXchange

MAY 10, 2016

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.

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AvidXchange

MAY 3, 2016

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!

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Speaker: David Warren and Kevin O’Neill Stoll

Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng

AvidXchange

APRIL 26, 2016

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!

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AvidXchange

APRIL 21, 2016

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.

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AvidXchange

MARCH 29, 2016

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.

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AvidXchange

MARCH 9, 2016

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.

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Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.

AvidXchange

MARCH 7, 2016

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.

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Acton Accounting & Bookkeeping

FEBRUARY 19, 2016

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.

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CAAPS

FEBRUARY 9, 2016

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

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CAAPS

FEBRUARY 9, 2016

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.

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Setting the stage for successful organizational change always begins with clear, thoughtful communication. When it comes to rolling out a new travel and expense (T&E) policy, establishing a well-structured communication plan is key to ensuring that all employees understand the changes and their impact. By following a step-by-step approach, you can guide your organization through the transition, fostering smooth adoption from the outset and improving compliance.