Consider implementing these accounts payable best practices to make sure your AP department is operating at optimally.
Invoice factoring is an accessible method of financing that lets businesses borrow against outstanding invoices. In a recent episode of our Net 30 podcast, we discussed the pros and cons of this funding approach with industry experts. Learn about whether invoice factoring is right for your small business and read more about AvidXchange’s Invoice Accelerator solution.
It’s important for businesses to know how long it takes an invoice to go from indexing to approval, as it helps them identify bottlenecks in their AP process.