Internal Injuries: Audits Are Painful Without AP Automation

Posted by Adam Frazier on Aug 31, 2016 3:10:16 PM

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 organization as a whole, as time and resources are diverted from daily tasks and routines. 

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Topics: ap automation, Audits

Recap: Charlotte Agenda Chat with AvidXchange's Michael Praeger

Posted by Adam Frazier on Aug 25, 2016 11:58:43 AM

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) at Georgetown University, Praeger moved to Boston in the early '90s and worked for Summit Partners, a private-equity firm. While in Boston, he also worked on a master’s degree at MIT. He went on to serve as CEO for one of Summit’s portfolio software companies and then relocated to the Queen City to start AvidXchange

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Topics: AvidXchange

AP Automation Rock Stars: Get to Know AvidXchange's Nicholas Moussab

Posted by Adam Frazier on Aug 24, 2016 10:11:49 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 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 outside of Manhattan. I graduated with honors from Northeastern University with a concentration in business and have been with AvidXchange for five years now, working in the AP and Payment Automation space for over eight. In my free time, I enjoy playing golf and putting in work at the CrossFit gym.

What do you do here at AvidXchange?

I am Director of Corporate Sales, which means I'm the sales leader of our large market team. We work with the largest organizations in the country and help them become more efficient, scale for growth, and add revenue to the bottom line.

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Topics: ap automation

AP Automation Case Study: Dynamics GP User Remedy Health Media

Posted by Adam Frazier on Aug 23, 2016 2:14:37 PM

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 company. Remedy Health Media is a leading digital health platform that provides content, tools and real stories in an emotionally engaging way to inspire millions of patients and caregivers live healthier and more fulfilled lives.

Accounting Manager David Prussen originally sought out an automation solution to operate more efficiently and eliminate manual tasks such as data entry, scanning invoices, printing checks, and stuffing envelopes and mailing checks. As an AvidXchange customer of nearly five years, automation has improved Remedy Health Media's accounts payable process by reducing data errors associated with manual data entry, eliminaed missing invoices, and improved visibility into payment status. 

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Topics: ap automation, Microsoft Dynamics GP

AvidXchange in Charlotte: An Interview with Jessica Piazza

Posted by Adam Frazier on Aug 16, 2016 10:46:29 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 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 AvidFoundation, our community outreach program.

So, Jessica, tell me about yourself... 

I was born and raised in Atlanta, GA, and am the youngest of three girls, which means I am rather competitive by nature. I attended Kennesaw State University and received my BBA in Marketing, venturing out into the world at the ripe age of 20. I started my career in HR software sales in Atlanta, walking door-to-door and selling ADP payroll services to small businesses with 1-50 employees. I like to say that I put in my sweat equity early on in my career - it is “Hotlanta” after all.

After a couple of years, I moved to the second largest software company in the world and had the opportunity to travel the country (and occasionally aboard), consulting large national and international clients on best practices in the modern HR world. The time came to put up my suitcase, however, and I decided to call Charlotte home. Eventually I found my true home when at AvidXchange and have been loving life as an AvidXer ever since!

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Topics: AvidFoundation, AvidXchange

Charlotte Agenda Fireside Chat with AvidXchange CEO Michael Praeger

Posted by Adam Frazier on Aug 15, 2016 12:52:16 PM

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) at Georgetown University, Praeger moved to Boston in the early '90s and worked for Summit Partners, a private-equity firm. While in Boston, he also worked on a master’s degree at MIT. He went on to serve as CEO for one of Summit’s portfolio software companies and then relocated to the Queen City to start AvidXchange.

Next Wednesday, Praeger will chat with Charlotte Agenda about what it's like running an incredibly successful and quickly growing company. Presented by AT&T, this fireside chat focus on entrepreneurship, innovation and hard work. 

Where: Agenda Global HQ (located behind Bank of America Stadium), 623 S Cedar Street, Suite B, Charlotte, NC 28202

When: Wednesday, August 24. Beverages and mingling run from 6:15 p.m. to 7 p.m. Program starts a 7 p.m. and will end promptly at 8 p.m. (30-minute fireside chat and 30 minutes of Q&A).

Cost: $5 for Agenda Members, $20 for non-members. To buy tickets, click or tap the button below!

Charlotte Agenda Fireside Chat with AvidXchange CEO Michael Praeger

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Topics: AvidXchange

AP Automation Quiz: 5 Signs It’s Time to Automate!

Posted by Adam Frazier on Aug 10, 2016 11:30:05 AM

No matter our career path or industry, we all have massive undertakings and side projects that prevent us from completing our normal, daily tasks. For those in the accounts payable space, it’s easy to say, “We’ve got a lot of irons in the fire right now, but this is definitely something we’d like to do eventually — maybe next year!” It’s tempting to hold off on implementing an AP automation solution until after that next big project, but let’s face it: you are always going to have a big project on the horizon. It doesn’t matter what time of year it is, or what you’ve got going on — you will always be busy.

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Topics: ap automation

AP Automation: What Does AvidXchange Do, Anyway?

Posted by Adam Frazier on Aug 9, 2016 9:34:14 AM

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Topics: ap automation, AvidFoundation, AvidXchange

AP Automation Webinar: Better Vendor Relationships with ePayments

Posted by Adam Frazier on Aug 8, 2016 9:41:32 AM

Looking to streamline your payment processes to help improve business operations and your relationships with vendors? With electronic payments, you can get your vendors paid faster and more accurately with excellent remittance details. Your team and vendors can also go online to see the status of payments, giving you greater visibility into your processes. ePayments also allow you to get payments through on time, which reduces your susceptibility to late fees. Also, your team can spend more time focusing on job bidding and project management, and less time on manual payment processes.

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Topics: ap automation

Fraud Protection: Follow-Up Scams: A New Spin on an Old Scam

Posted by Adam Frazier on Aug 4, 2016 9:00:33 AM

Fraudsters have found yet another way to scam people and businesses out of money, this time using credit cards and bank accounts. It’s a new spin on an old scam that often involves counterfeit checks. And it’s something Greenville, South Carolina, resident Judy Guyton learned the hard way after checking her bank account online, according to WSPA 7 News.

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Topics: B2B Fraud