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How Automation Supports Supplier Payments During Times of Crisis

June 3, 2020

As businesses continue to grasp this new normal, adapting to operating remotely has brought to light the inefficiency of many back-office processes that are easily disrupted when a quick shift is required.   Among those inefficiencies is the need to make on-time payments to suppliers, an even more critical responsibility during times of uncertainty when

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4 Ways Paperless AP Mitigates Fraud Risk for Homeowner Associations

May 27, 2020

With many of their teams now working remotely, association management companies and community associations are at increased risk for data breaches and check fraud that can erode trust and lead to financial loss.   How so?   Those relying on paper-based, manual processes are struggling to access the paper and people they need to work

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How Accounts Payable Automation Benefits Security

May 21, 2020

Understanding how accounts payable (AP) automation benefits security is extremely important in today’s climate, as criminals are upping their game to take advantage of new opportunities.   Organizations must protect not only their employees, but also their financial data and personal information. Otherwise, they stand to take financial loss, in addition to loss of reputation

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How Panera Bread Baked The Efficiency of Automation Into An AP Process That Keeps Their Bills Paid During The Pandemic

May 12, 2020

Panera Bread Company is the fast-casual restaurant with healthy food options and a bakery we have all come to know and love. Unfortunately, their IT finance department’s process for dealing with invoices and doling out payments was less desirable.   So, Panera turned to AvidXchange to assist with things behind the counter—streamlining their accounts payable

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Managing Association Bills to Maintain Business Continuity

May 7, 2020

With most of their employees working remotely, association management companies have been forced to revisit the processes they rely on to sustain operations. Among the most critical functions for ensuring business continuity is paying association vendor bills.   It’s an uphill battle for those who rely on manual, paper-based AP invoicing and payment processes. They

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Lessons From the Front: How Businesses Are Solving for Critical Gaps in Continuity Plans [On-Demand Webinar]

May 5, 2020

Two months into this global pandemic, we wanted to continue exploring critical gaps in continuity plans and understand what some companies are doing to solve for them.   So, we gathered a panel of industry insiders to share some insights from the frontlines of business and finance operations in this new reality, including:   Jess

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Breaking Down the Time-Saving Benefits of Accounts Payable Automation

April 30, 2020

One of the biggest benefits of accounts payable automation is its ability to save your team time.   In fact, Goldman Sachs recently estimated AP automation can drive 70-80% time-savings for small and medium-size businesses (SMBs).   But how does an automated solution cut so much time out of the invoice and payment cycle, and

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5 Game-Changing Benefits of Moving to 100% Electronic Invoicing and Payments

April 23, 2020

Electronic invoicing (e-invoicing) and payments (e-payments) are shifting from the “nice-to-have” to “need-it-now” list for many companies.   Because manual, paper-based accounts payable (AP) processes that rely on in-office workflows, printers, and mailing services are no longer dependable, businesses are looking for more reliable and accessible ways to handle their mission critical processes, like paying

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