Answered: Your Top Accounts Payable Automation Questions for 2019
Rhonda Greene, AvidXchange AP Solutions Consultant Manager, APSC, shares everything your team needs to know about AP automation before the New Year begins. What is AP Automation? The process of paying vendors can be manual and mundane. The accounts payable cycle is filled with countless invoice and payment steps before the due date. …
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6 Software Features That Could Benefit Your Nonprofit
Nonprofit organizations face unique technology challenges. With the average nonprofit operating on an extremely tight budget, it’s essential that any software solution address multiple needs whenever possible. In a time when the tech world seems to be dominated by a handful of giants, it can be too easy to forget that plenty of smaller competitors …
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2018 Procurement Trends: Growth in Service Agreements and Contract Spending
Mid-market companies are a core part of a B2B purchasing space that Forrester estimates will reach $1.2 trillion in total spending by the year 2021. Deloitte’s Technology in the Mid-market: Closing the Gap report documents the significant budget increases allocated to cloud and service contracts for productivity gains. Today, growing organizations like yours are dramatically increasing the percentage of …
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The Importance of Automating the Accounts Payable Process
The financial health of the business is what keeps it thriving and surviving. If your accounts payable department is barely staying afloat, your company may be in unforeseen danger. With today’s tech, teams are trusting accounts payable automation to save valuable time and money. AP automation is more than just a ‘nice to have,’ it’s …
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Stepping into the Shoes of the CFO
Not too long ago, the CFO’s job was simple—to maintain the financial health of the company. This one duty included reporting spend against budget, identifying investment opportunities, and mitigating financial risks. But since the evolution of FinTech, CFOs have evolved into strategic innovators who lead the charge on financial decisions driven by digital information and …
Emerging Trends in AP Automation
Breaking news: AP Automation is not an emerging trend! In its earliest forms, AP Automation has actually been around for decades, inspired by the idea of paperless offices as far back as the 1960s. And while AP Automation has not yet been universally adopted, elements of AP Automation, such as EDI (electronic data interchange), …
Where Does All My Time Go?
Instead of thinking about how you currently spend all of your time, think about how your time would be better spent. In other words, in an ideal world, what would you be doing to make a significant impact on your company’s business? My guess is, you wouldn’t be spending your time on manual, repetitive, …
It’s Time to Say Goodbye to File Cabinets
Where have all the file cabinets gone? There must be an enormous garbage dump somewhere on the planet overflowing with rusty file cabinets. The best part is, get ready to add yours to the heap! History is littered with anachronistic tools, devices, and products. Think about the last time you saw a vinyl record, …
Paperless AP for Microsoft Dynamics – Why Are You Hesitating?
If you were facing a deeply philosophical question like whether to choose “love or money,” I would understand your hesitation. But let’s be realistic. We’re just talking about paperless AP! There are 10 good reasons to go paperless. And not a single reason I can think of not to. So why exactly are you hesitating? …
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AP Automation: A Giant Step in Your Digital Journey
It was July of 1969. And Americans were glued to their TV sets, ready to witness the first lunar landing. Who can forget those epic words spoken by Neil Armstrong as he stepped onto the lunar surface? “That’s one small step for man, one giant leap for mankind.” He had traveled 238,855 miles over the …
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