AP Automation for Real Estate: Get to Know Kristen Thomasino

Posted by Adam Frazier on Jul 27, 2016 2:14:58 PM

Senior Director of Vertical Sales & AP automation expert, Kristen “KT” Thomasino has worked on hundreds of automation projects with companies in every industry. With over 11 years of real-life automation experience, Kristen can walk potential customers through every step of the process – starting with the decision of whether or not their company is a good fit for AP automation. She is passionate about helping businesses be successful, having a positive impact on the economy, and looking for opportunities to reduce negative impacts on the environment with her work. 

In her time at AvidXchange™, Kristen has held a variety of roles and responsibilities: Support, QA, Scrum Master for Development, Product Management, Account Management, New Sales Representative, Partner Manager, Account Management Leader — you name it, she’s done it. Kristen currently leads the Vertical Sales teams for Real Estate, HOA, and Nonprofit markets. The Vertical Sales team at AvidXchange™ works directly with customers and through strong partner relationships to provide a truly consultative approach to fixing businesses.

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Topics: ap automation, AvidXchange, real estate

AP Automation for Real Estate: Get to Know AvidXchange's Brian Thayer

Posted by Adam Frazier on Jul 26, 2016 10:49:20 AM

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 Brian Thayer, Vertical Sales Manager at AvidXchange™. 

Brian has worked for AvidXchange™ for the past eight years. He started in our Lead Generation department, setting up demos for our outside sales team, before transitioning into a New Business sales role. After five years of New Business, Brian moved into a Vertical Sales Manager position, focusing on managing our representatives who sell to the Real Estate market.

What do you think is AvidXchange™’s greatest competitive advantage?

We’re completely focused on AP automation and as a result, we have an affordable full-service solution for the mid-market. From invoice to payment, we cover everything. Also, being the leader in the marketplace, with thousands of of happy clients, has afforded us invaluable feedback to continue to grow the product in the direction that best meets our clients' needs.

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Topics: ap automation, AvidXchange, real estate

AvidXchange™ CFO Karen Bertaux Wins CFO of the Year!

Posted by Adam Frazier on Jul 22, 2016 11:08:31 AM

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Topics: CFO, AvidXchange, Women in Finance

Ardent Partners Webinar: Maximize Efficiencies with AP Automation

Posted by Adam Frazier on Jul 19, 2016 10:38:07 AM

Automation creates scalable, repeatable processes that can result in cost savings and allow deeper visibility into data. This means better data utilization for performance management as well as informing treasury’s cash forecasts and procurement’s sourcing and supplier management efforts. Automation transforms AP into a more strategic and agile business function.

According to a survey by Ardent Partners, a research and advisory firm, AP’s top priorities in 2016 include reducing processing costs, improving visibility into invoice and payment data, upgrading reporting and analytics, and improving collaboration with suppliers and procurement. 55% of survey respondents listed “automate more processes” as their top AP goal for the next 24 months. It’s clear that leveraging ePayables and automation solutions, AP departments can easily access and derive intelligence from data to drive improvement and transform operations.

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Topics: ap automation

Career Spotlight: AvidXchange™ Jobs in Charlotte

Posted by Adam Frazier on Jul 18, 2016 10:12:43 AM

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Topics: careers, AvidXchange

AP Automation Webinar: Maximize ROI & Efficiencies in 2016

Posted by Adam Frazier on Jul 13, 2016 8:46:43 AM

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2016 has proved to be a revolutionary time for many accounts payable teams. AP departments are positioning themselves as strategic business development partners that can increase efficiencies and make an impact at the highest level of business operations. 

The skills that AP teams require to be competitive in the modern business world are changing. As a result, AP leaders must regularly evaluate and update the skills of their departments to include the techniques and activities that will make them more valuable to the wider enterprise.

In a recent report by Ardent Partners on the state of ePayables in 2016, research shows that transforming the AP function into a vital component of the organization is both possible and advisable. Join Andrew Bartolini, Chief Research Officer of Ardent Partners, and AvidXchange for an exclusive webinar where Ardent Partners will provide a detailed overview of their recent ePayables report.

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Topics: ap automation, epayments

Beat the Heat of a Summer Audit with AP Automation

Posted by Adam Frazier on Jul 12, 2016 9:17:19 AM

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With summer in full swing, accounts payable professionals across the country are taking a much-needed vacation. You know who isn't taking a vacation? Auditors. Auditors never take time off. They never sleep. They've got lifeless eyes - black eyes - like a doll's eyes. When they come at you, they don't seem to be livin'. Until they audit you and those black eyes roll over white. And then you hear that terrible high pitch screamin' and the ocean turns red - wait sorry, that's not right. I'm thinking of great white sharks, not auditors. My mistake!

Instead of going on vacation, auditors torture themselves by reading statistics about the trips they'll never take, like these from the U.S. Travel Association:  
  • Direct spending on leisure travel by domestic and international travelers totaled $650.8 billion in 2015
  • Spending on leisure travel generated $99.6 billion in tax revenue
  • Nearly 4 out of 5 domestic trips taken are for leisure purposes (79%)
  • U.S. residents logged 1.7 billion person‑trips for leisure purposes in 2015
  • Top leisure travel activities for U.S. domestic travelers: (1) visiting relatives; (2) shopping; (3) visiting friends; (4) fine dining; and (5) beaches

The only trip the auditor is taking is to your office, where he or she will begin the not-so-pleasant process of digging through your file cabinets in search of paper invoices. The good news is, there's a way to beat the heat of an unexpected summer audit, and that's with AP automation.

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Topics: ap automation, Audits

Share an #AvidXperience at the AvidXchange Music Factory!

Posted by Adam Frazier on Jul 11, 2016 10:42:05 AM

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Topics: AvidFoundation, AvidXchange

AvidXchange™ Senior Management Spotlight: An Interview with Doug Milone

Posted by Adam Frazier on Jul 6, 2016 2:35:00 PM

We're happy to announce the addition of Doug Milone to our team. As Vice President of Services Programs at AvidXchange, Doug is excited to be part of our company's record growth and play an active role in shaping not only our future, but the future of payables as we know it. In today's blog, we sit down with Doug and discuss his career, aquariums, and what attracted him to AvidXchange.

So Doug, tell us a little about yourself…

Milone_-_Headshot.jpg"Originally from the Boston area, I graduated from Bentley College (now Bentley University) with a BS in Accountancy. In my first professional role as Staff Accountant at Just for Pets Superstores, I was involved with the move of our warehouse to another city, as well as the implementation of our call center software and other projects. I was promoted to Director of Purchasing, as it was a small company and they didn’t want to lose me and knew I needed more challenges.

In 1998, I decided to move to North Carolina. In the process of looking at accounting positions in Charlotte, my sister-in-law, who was part of IBM’s SAP Consulting Practice, asked if she could submit my resume to her manager. I ended up joining IBM and was certified as a FICO Consultant for their SAP Practice. I went on to lead several large scale SAP implementations and was subsequently recruited by SAP America.

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Topics: careers, AvidXchange

Without AP Automation, Companies Lack Fraud Protection

Posted by Adam Frazier on Jul 5, 2016 9:51:30 AM

Without AP Automation, Companies Lack Fraud Protection

In a manual, paper-­based environment, your organization's documents are constantly at risk. Physical copies of sensitive information can be easily misplaced, altered, or shredded. If these documents are lost or tampered with, you no longer have access to the data necessary to effectively operate your business. 

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Topics: ap automation, B2B Fraud