Navigating economic uncertainty is challenging, especially as the construction industry is still adjusting to a new normal from previous downturns. “The construction industry has fresh
Accounts payable (AP) automation is a technology solution that accounting teams use to convert paper invoices into a digital format and then automate the process
A possible recession has businesses on edge as many are reevaluating costs and priorities in preparation for an uncertain future. For homeowners associations (HOAs), there’s
Real estate management firms are bracing for what could be a tumultuous time ahead. The current economic environment has businesses across industries tightening their belts
As we are all aware, the month-end and year-end closing processes can be tedious and time-consuming tasks for AP professionals. Closing out business from the
As a result of economic uncertainty, organizations across all industries are reevaluating their costs and priorities while leaders are shifting their focus to retain and
Operating amidst economic uncertainty is no easy feat. Most middle market companies are reevaluating their business costs and priorities as they shift their focus to
Eye-opening survey data revealed 70% of middle market companies are revamping their budget over the next year with a focus on saving costs. Despite widespread
Companies that pay suppliers abroad can leverage accounts payable (AP) automation to complete both domestic and cross-border payments in one place, decreasing the time and
The homeowners association (HOA) and community association management (CAM) industry has seen significant changes since the start of the COVID-19 pandemic. Many associations have faced
The construction industry has the potential to boost its value by an impressive $1.6 trillion, but companies also face mounting pressures to stay competitive while
This post is part of an interview series by AvidXchange CEO and co-founder Michael Praeger. The professional landscape has altered so much in recent years.
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