AvidXchange, Inc.
AvidXchange, Inc.
Blog Post
  • We all know that the accounts payable process isn’t a straight and narrow path. Several small steps can make a big difference when it comes to paying vendors on time—invoice entry, approvals, and handling different payment methods. These steps aren’t all that simple, especially with paper. Paper is the reason for most problems plaguing finance... The post 4 Reasons You Need a Paper-Free Accounts P...

AvidXchange, Inc.
AvidXchange, Inc.
Blog Post
  • AvidXchange revolutionizes the way companies pay their bills. Serving more than 5,000 clients throughout North America, AvidXchange is an industry leader in automating invoice and payment processes for midmarket companies spanning multiple industries including Real Estate, Non-Profit, Financial Services, Energy, and Construction. AvidXchange has been recognized as the top software company in North...

AvidXchange, Inc.
AvidXchange, Inc.
Blog Post
  • AvidXchange revolutionizes the way companies pay their bills.  Serving more than 5,000 clients throughout North America, AvidXchange is an industry leader in automating invoice and payment processes for midmarket companies spanning multiple industries including Real Estate, Non-Profit, Financial Services, Energy, and Construction. AvidXchange has been recognized as the top software company in Nort...

AvidXchange, Inc.
AvidXchange, Inc.
Blog Post
  • Chicago is catching the eye of tech experts seeking the next big place for innovation, jumping into the top 10 in a recent survey on future global innovation hubs. At AvidXchange, we love innovation, so we hand-selected the vibrant Windy City as the venue for this year’s AvidXchange users conference, REVOLUTION 2018. Join us for two... The post 5 Reasons We’re Excited for REVOLUTION 2018 in Chicag...

AvidXchange, Inc.
AvidXchange, Inc.
Blog Post
  • AvidXchange revolutionizes the way companies pay their bills.  Serving more than 5,000 clients throughout North America, AvidXchange is an industry leader in automating invoice and payment processes for midmarket companies spanning multiple industries including Real Estate, Non-Profit, Financial Services, Energy, and Construction. AvidXchange has been recognized as the top software company in Nort...

AvidXchange, Inc.
AvidXchange, Inc.
Blog Post
  • Nonprofit organizations face unique technology challenges. With the average nonprofit operating on an extremely tight budget, it’s essential that any software solution address multiple needs whenever possible. In a time when the tech world seems to be dominated by a handful of giants, it can be too easy to forget that plenty of smaller competitors... The post 6 Software Features That Could Benefit...

AvidXchange, Inc.
AvidXchange, Inc.
Blog Post
  • It’s sad but true – most businesses are still stuck in the Stone Ages with piles of printed invoices scattered throughout departments. Despite major FinTech advancements, finance departments are still manually processing invoices. Businesses are still hiring dedicated AP specialists to open mailed invoices and manually enter invoice details into the accounting system. They’re still... The post How...

AvidXchange, Inc.
AvidXchange, Inc.
Blog Post
  • Without even realizing it, many businesses are driving up costs in the very department that impacts their bottom line the most—finance. In the accounts payable process, payment cycles are plagued with inefficiencies and challenges. Printed checks and paper invoices often drive up the time and money spent to process supplier payments. Late payments, a lack... The post 7 Ways to Save Your Accounts P...

AvidXchange, Inc.
AvidXchange, Inc.
Blog Post
  • CHARLOTTE, N.C., (April 18, 2018) – AvidXchange™, a leading fintech provider of accounts payable and payment automation for midsize companies, is pleased to announce that Dan Drees has joined the company as Chief Growth Officer, a new role created to facilitate ambitious and exciting growth. The Chief Growth Officer will have direct responsibility for the... The post AvidXchange Names FinTech Vete...

AvidXchange, Inc.
AvidXchange, Inc.
Blog Post
  •   Let’s face it, the workday is filled with meetings, emails, and countless tasks. It’s nearly impossible to find time to reflect, reevaluate, and refine proven processes. For the accounts payable (AP) department, there’s the added stress of managing payment processes that ultimately impact the bottom line. From invoice entry to cash flow to month-end... The post The Accounts Payable Task That Dra...

AvidXchange, Inc.
AvidXchange, Inc.
Blog Post
  • Creative Loafing’s 4th Annual Moo & Brew Craft Beer and Burger Festival takes place at the AvidXchange Music Factory on April 28. The festival will offer samplings from over 50 local, regional, and national breweries as Charlotte’s most notorious burger joints compete for the coveted title of “Creative Loafing’s Best Burger.” As an official sponsor of... The post 2018 Moo & Brew Craft Beer and Bur...

AvidXchange, Inc.
AvidXchange, Inc.
Blog Post
  •   Here’s the deal: Printed checks and cash are things of the past. Today, businesses and customers run to hacks to save time and money. As technology evolves, consumers are quick to simplify the purchasing process with the click of a button. But businesses are reluctant to use ePayments for goods and services. Why? Getting... The post Why B2B is Losing the ePayments Race appeared first on AvidXcha...

AvidXchange, Inc.
AvidXchange, Inc.
Blog Post
  •   The nightmare of Auditing Day. The accounts payable audit (AP audits) can be the scary moment of truth for finance departments, showing whether their processes are costing them their financial future, or not. Auditors come prepared to investigate company finances with no exceptions to the rules. The payment secrets and mysteries lurking inside filing... The post The Solution to Accounts Payable ...

AvidXchange, Inc.
AvidXchange, Inc.
Blog Post
  •   One of the keys to a successful business is a robust and healthy finance department. A clean accounts payable bill of health depends on a few diagnostic check-ups. Control, streamlined processes, and flexibility are just a few of the “symptoms” to determine the viability of your current AP solution. We’ve highlighted a few of... The post How to Cure AP Pains with Payment Automation appeared firs...

AvidXchange, Inc.
AvidXchange, Inc.
Blog Post
  • Fraud is at an all-time high. Scammers are moving at the speed of lightning to cash in big bucks. They’re taking advantage of the Digital Era’s easy access to private accounts and information in malicious ways that are easily overlooked. Nowadays, businesses experience more fraud losses than ever before, and they’re paying a pretty penny... The post How to Fight Fraud with Accounts Payable Automat...

AvidXchange, Inc.
AvidXchange, Inc.
Blog Post
  • Check, check, and check again. Think about how you evaluate your financial budget for the month. How much money did you spend? Did it all add up? What exactly did you buy, and how much did you make? Spreadsheets and budget apps may help, but it’s easy to miss the outstanding auto-drafted bill or upcoming... The post How to Ease Accounts Payable Reconciliation With Automation appeared first on Avid...

AvidXchange, Inc.
AvidXchange, Inc.
Blog Post
  • Tax season is upon us. Businesses are gathering all expenses and deductions to file the most important financial forms of the year. Filing returns can come with havoc and headaches for many finance departments. Why? There’s a scary truth that one small miscalculation can lead to a big penalty later. To help alleviate the stress... The post The Golden Rules to Score Big During Tax Time appeared fir...

AvidXchange, Inc.
AvidXchange, Inc.
Blog Post
  •   There’s a hot question on every accountant’s mind, keeping them up at night. Will accountants become obsolete? Times, they are a-changing, and tech is emerging. The rise of the robot is causing many accountants to toss and turn with worry and distress. Thanks to Artificial Intelligence (AI), accountants are concerned about being replaced by... The post Will Accountants Become Obsolete? appeared ...

AvidXchange, Inc.
AvidXchange, Inc.
Blog Post
  • AvidXchange, a leading fintech provider of accounts payable and payment automation for midsize companies, has many customers in the nonprofit space. As such, we form strategic partnerships with organizations that work with nonprofits like @Pay, an express payment technology company that makes it easy to pay, give, or buy on a mobile device. For our nonprofit... The post 4 Reasons for Nonprofits to...

AvidXchange, Inc.
AvidXchange, Inc.
Blog Post
  • Everything comes at a cost. From your Netflix subscription to the pen that keeps getting lost at your desk, every good or service has a value. Naturally, it explains why everything comes at a price. Companies must charge for the materials and services used to create the final product, and a little more to ensure... The post Everything you should look for in a procure-to-pay solution appeared first...

AvidXchange, Inc.
AvidXchange, Inc.
Blog Post
  •   When buyers pay suppliers, a few methods come to mind. Many companies stick to the old fashioned way of printing checks or entering credit card information for every purchase. Others are branching out to explore faster, easier ways to pay electronically – saving time, money, and headaches. ACH payments are electronic payments that are... The post What you need to know about NACHA ACH payment req...

AvidXchange, Inc.
AvidXchange, Inc.
Blog Post
  • Once upon a time, consumers used cash and paper checks to pay for goods and services. They stood in long lines to pay bills and transfer funds from their bank account. Since the evolution of technology and payments, shoppers have seen the light. They’re making payments with the click of a button – all thanks... The post Top 3 Ways the Consumer Market is Shaping B2B Market appeared first on AvidXch...

AvidXchange, Inc.
AvidXchange, Inc.
Blog Post
  • AvidXchange™, leading provider of accounts payable and payment automation solutions for midsize companies, recently exceeded 800 employees. This is a major milestone for us, since we were nearing the 80 employee mark at the end of 2011. We've been on a fast trajectory with just over 300 employees at the beginning of 2015, and starting out 2016 with just over 500 employees. 2015 was a record yea...

AvidXchange, Inc.
AvidXchange, Inc.
Blog Post
  • An audit is an objective examination and evaluation of your company’s financial statements to make sure that the records are a fair and accurate representation of their business transactions. Audits can be performed internally by employees of the organization, or externally by an outside firm. Audits, public or private, can be stressful for not only the finance and accounting team but the organi...

AvidXchange, Inc.
AvidXchange, Inc.
Blog Post
  • Michael Praeger, CEO and Co-Founder of AvidXchange™, has spent the last 20 years founding, managing, merging and selling technology and web services-related companies. Born and raised in Wisconsin, Praeger left the Midwest after high school to embark on a career that led him to Washington D.C., Boston, and Charlotte.  Studying finance and meeting his wife, Cindy, (also a startup software CEO) a...

AvidXchange, Inc.
AvidXchange, Inc.
Blog Post
  • Serving more than 5,500 clients throughout North America, AvidXchange™ is an industry leader in automating invoice and payment processes for midmarket companies. In today's blog, we’ll get to know Nicholas Moussab, Director of Corporate Sales at AvidXchange.  So Nicholas, tell me a little about yourself! I currently live with my beautiful wife, Lauren, in North Caldwell, New Jersey, right outsid...

AvidXchange, Inc.
AvidXchange, Inc.
Blog Post
  • As the market leader in accounts payable and payment automation solutions, AvidXchange™ helps Microsoft Dynamics GP users streamline invoice capture, intelligently route approvals, and automate payments. In a recent case study by TechValidate, Microsoft Dynamics GP user, and AvidXchange customer, Remedy Health Media provided some great feedback on how our AP automation solution benefits their com...

AvidXchange, Inc.
AvidXchange, Inc.
Blog Post
  • Serving more than 5,500 clients throughout North America, AvidXchange is an industry leader in automating invoice and payment processes for midmarket companies. In today's blog, we'll take a look at what it's like to work for AvidXchange in Charlotte and get to know Jessica Piazza, Talent Business Partner. The Atlanta native has a passion for volunteering and helps coordinate events with AvidFound...

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