As the online marketplace continues to grow and get more and more crowded, it is becoming increasingly crucial for businesses to make and maintain strong relationships with both their customers and their suppliers. In today’s society, there is an increased push for attention to the customer experience and a lot of energy spent on catering to what customers want and need from your business. Without this, your business risks losing your customers to a competitor who provides a better service or experience. But, with all of this focus on customer service, many companies may forget just how vital their suppliers are. After all, how will you create your products and sell them to your customers without suppliers?
Unleash your team’s efficiency with AvidXchange’s suite of accounts payable solutions and say goodbye to filing cabinets and lost invoices. Accounts payable process automation with AvidXchange frees your team from the manual AP tasks that are slowing down your business, all while giving you greater control over your spend management with the click of a button.
Join the 8000+ Businesses Enjoying AP Automation with AvidXchange
Watch our 4-minute demo of AvidXchange’s AP automation solutions. We’ll show you step-by-step how our solutions can digitally transform your entire invoice-to-pay process.
So, while putting an extreme emphasis on customer service is essential in the market today, you must ensure that your customers are not the only ones you are prioritizing. Suppliers do not have to provide items for your business — they do so because it is profitable for them, but if you make it difficult for them to make that profit, they will likely move on to another business that ensures to pay them on time and accurately. In order to be one of these companies that suppliers like to do business with, you may find yourself in need of using some AP automation solutions.
The continued evolution of technology has resulted in some of the best AP automation software solutions today that businesses can use to simplify and streamline their business AP processes. There are a number of different AP automation companies that can provide these solutions, such as AvidXchange, and it may take a little bit of research and comparison to determine which of these companies will provide the best solution for your business. The bottom line is that these automation solutions can dramatically help simplify and streamline your AP processes and create a more effective and efficient system that ensures that your suppliers are paid on time and accurately.
For example, if you are looking for a solution that incorporates accounts payable automation best practices into it as well as provides more visibility and control over your AP information, a solution like AvidXchange might be a good choice. AvidXchange’s software helps you to create and maintain a completely electronic AP processing system that eliminates the costs and inefficiencies of paper while allowing you to have more control and visibility into your AP processes.
For these reasons, as well as the fact that AvidXchange offers over 220 integrations with popular accounting software systems — such as QuickBooks and Oracle — AvidXchange can be the best accounts payable software for many middle-market businesses. Using AvidXchange can be a great way to quickly improve your AP team’s efficiency and scale for growth while also providing you with improved control and visibility as well as improving your relationships with suppliers and allowing your AP teams to work remotely with 24/7 online access.
What are cloud-based AP solutions? Essentially a cloud-based solution offers remote access to your business’s AP information so that your AP team can more effectively manage your accounts payable process. One example of a cloud-based solution is AvidXchange. With AvidXchange, you may be able to more easily access and manage your AP workflows because you do not have to spend hours tracking down co-workers or searching through filing cabinets for the information you are looking for. AvidXchange also allows your business to create and maintain a completely paperless AP process which can completely eliminate a number of costs associated with paper billing — such as check printing, envelopes, and postage, as well as the time needed to follow up on checks that have not been cashed yet.
There are a variety of solutions available, and as a business, it can be highly advantageous to ensure that you are more easily able to carry out the essential daily tasks and demands that your business requires to keep functioning. Finding the right AP workflow software can seem intimidating, but if you find the right one, you can have a significant advantage over other businesses that may not have an AP workflow solution to help them process these critical tasks.
That being said, if you are a middle-market or larger business, you will want to ensure that the accounts payable software that you are implementing is built for your business and built with the idea of scaling up in mind. This is where a solution like AvidXchange can be of service. AvidXchange offers solutions for automating the entire accounts payable process to streamline and simplify your AP process, provide better control and visibility into your AP information, reduce expenses, and improve your relationships with your suppliers by ensuring that they get paid on time and in their preferred payment method.
So, how can you find the best invoice app for your business? Unfortunately, there is no absolute best simple invoice software solution that you can implement and have all of your troubles magically disappear. There is some research needed because not all invoice software solutions are going to work the best for your business. So, whether you are looking for a cloud-based solution, an offline invoice software solution, or any other type of solution, it is imperative that you know what features and tools you want that solution to provide. For example, if you are looking for a solution that helps you to create a completely paperless invoice processing system that utilizes automation to simplify and streamline your AP process and offers 24/7 remote access to your AP information, AvidXchange might be a good option for you. AvidXchange also provides over 220 integrations with other well-known and popular accounting software solutions — such as QuickBooks and Sage — so that you don’t have to completely overhaul your AP system to use the software.