AvidXchange is a leading provider of accounts payable (“AP”) automation software and payment solutions for middle market businesses and their suppliers. AvidXchange’s software-as-a-service-based, end-to-end software and payment platform digitizes and automates the AP workflows for more than 7,000 businesses and it has made payments to more than 700,000 supplier customers of its buyers over the past five years.
Breaking Down 6 Crucial Controller Challenges & How to Overcome Them
Controllers in the United States spend about 70 percent of their time on traditional tasks such as closing the books or complying with accounting standards, according to a Deloitte survey of finance professionals. In sharp contrast, they spend only 14 percent as strategists who influence the future direction of their company. The minimal amount of time controllers tend to focus on strategy is one the largest challenges these financial leaders face.