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 98

Billing Computation Invoicing Reconciling 98

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

NOVEMBER 9, 2022

Thirty-six percent of survey respondents are focusing 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. Where are companies putting their technology investment dollars?

AP 52

AP Billing Budgeting Accounts Payable 52