Category: "AP Automation"
July 26, 2021
Nonprofit Passion and the Need to Digitally TransformNonprofit organizations need very strong fund accounting and grant management support I admit I am new to the technology world of nonprofits, having come from enterprise solutions in the manufacturing and supply chain world for multi-billion-dollar organizations. Though nonprofit organizations tend to be much smaller, that does not seem to make their needs for certain…
January 11, 2021
5 Tips to Make Financial Forecasting More Efficient with AvidXchangeThe information in this post was originally shared by Terry Gren (Sr. Channel Manager, AvidXchange) in the on-demand video, 5 Tips to Make Financial Forecasting More Efficient with AvidXchange. A JMT Consulting software solution partner, AvidXchange is an AP automation tool for nonprofits that want to streamline their AP process, improve workflow, increase visibility, optimize…
June 16, 2020
AP Auditing 101: A Guide for BeginnersEfficient nonprofit organizations pay their vendors, suppliers, utility companies, contractors, and others who provide services or goods in a timely manner. Not giving proper attention to the accounts payable process can really tie a knot in organizational plans, resulting in tense vendor relationships and audit-related headaches. As an accountant, you need to advocate for reliable and…
May 11, 2020
How Accounts Payable Automation Can Strengthen Your Business Continuity PlanThis post was published as part of our guest blog series by our software partner, AvidXchange, the industry leader in automating invoice and payment processes. With today’s reality forcing businesses to quickly implement and put their continuity plans to the test, it’s becoming clear which core processes are critical to maintaining operations. Accounts payable (AP)…
April 13, 2015
Why A Table-Driven Chart of Accounts MattersWhat’s Wrong with Your Chart of Accounts and the Solutions you Need to Make it Right When implementing a financial accounting and reporting system at a nonprofit organization, few would disagree that an optimized Chart of Accounts design is critical to success. Being able to produce accurate compliance reports and meaningful management reports is the…
