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The Procurement Process – 5 Steps to Best in Class

April 1, 2019

As the costs of purchasing continue to rise, it’s important that business owners follow best practices when it comes to the procurement process. In today’s economic climate, CFOs and business executives have little room to rest on their laurels without feeling the heat from investors and external entities. For this reason, you’ve got to transform

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Letting Go of the Age-Old Approval Workflow

June 13, 2018

Long gone are the days of running from desk to desk with stacks of invoices waiting for approval. For most finance departments, invoice approval workflow automation isn’t the next big thing. It’s the new norm. Approval administrators like Cindy Romeis are happily trading in antiquated approval workflows for invoice workflow automation. Cindy is the Accounts

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The Guide to NACHA ACH Authorization Requirements

January 11, 2018

The National Clearinghouse Association, otherwise known as NACHA, is responsible for providing customers and businesses with education, communication, and regulations for electronic payments. As a not-for-profit association, NACHA’s big focus is giving companies the tools needed to process ePayments quickly and safely. There’s a lot of buzz around payments and processes. Technology is giving businesses the power

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Interview: Year-End Best Practices in a Paper-Based Process with Bill Schiffli

September 19, 2017

AvidXchange wants to make sure that you not only survive – but thrive – during your year-end closing process. That’s why we’ve organized a panel of financial thought-leaders and AvidXchange customers to share their personal best practices for a successful year-end closing. This live event, Tips & Tricks to Prepare for Year-End Close, will take

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Interview: Before and After Accounts Payable Automation with Bill Gilbert

September 6, 2017

AvidXchange wants to make sure that you not only survive – but thrive – during your year-end closing process. That’s why we’ve organized a panel of financial thought-leaders and AvidXchange customers to share their personal best practices for a successful year-end closing. This live event, Tips & Tricks to Prepare for Year-End Close, will take

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The Complete Guide to Accounts Payable (AP) Audits

September 1, 2017

Accounts payable (AP) audits can often seem daunting. Companies prefer to find rewards in the future and not dwell on the past. But don’t let your fears hold you back. Auditing accounting can expose fraud, mistakes, and other problems that might be jeopardizing your business—saving you invaluable time and money in the long run. If

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AP Automation Expert Rhonda Greene on Year-End Closing Best Practices

August 23, 2017

AP automation expert Rhonda Greene has been in the accounts payable world for more than 20 years in various roles and has witnessed the transition from paper-based processes to completely automated AP and payment processes firsthand. As a Solutions Consultant at AvidXchange, Rhonda enjoys sharing her best practices with other financial professionals to help them

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Interview: AvidXchange CFO Joel Wilhite on Budgeting Best Practices

August 16, 2017

AvidXchange Chief Financial Officer Joel Wilhite is a seasoned financial executive with over 20 years of experience in progressive growth companies. Before coming to AvidXchange seven months ago, Joel was the CFO at Quantros, a software-as-a-service (SaaS) company in Greenville, S.C., which offers an enterprise-wide suite of applications that helps hospitals better manage the quality

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Master Vendor File Cleanup: Best Practices for Year-End Closing

July 14, 2017

Vendor information is in constant flux, because contact names, phone numbers, addresses, and terms change frequently. For AP professionals, vendor management can be one of the toughest challenges to grapple with in a manual, paper-based environment. By updating the master vendor file on an ongoing basis, however, you can avoid the problems that arise with

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