Microsoft Dynamics – AP Automation Case Study
Before Humphrey Management discovered AvidXchange, they manually processed over 4,500 paper invoices a month for 70 communities across 6 different companies. They shockingly accomplished all of this with a staff of four AP personnel and 1 AP Manager. Read more about how AvidXchange helped them save $70,000 per year in labor costs in this AP automation case study.
The Solution
The financial team at Humphrey Management knew that their current paper process was holding them back, and that something had to change. In 2005, a hotel division within their management group identified AvidInvoice as a solution to their “paper problem”. Later, when the hotel division was sold, McGowan and her team took advantage of the situation and kept the product and implemented AvidInvoice across the rest of the companies.
Their early adoption of AvidInvoice enabled them to transition to an automated AP process long before many of their competitors, which created a competitive edge for Humphrey Management. They were able to optimize their AP processes and realize a significant reduction in their operating expenses; that savings was then allocated to other, more deserving, areas of their business.
Humphrey Management manually processed over 4,500 paper invoices a month for 70 communities across 6 different companies read their AP automation case study below.
About AvidXchange
AvidXchange is an industry-leading, SaaS based AP and Payment Automation solution provider located in Charlotte, NC. AvidXchange has been helping companies eliminate 100% of paper invoices and paper checks from their AP process since 2000 creating more efficient and scalable processes for their customers. AvidXchange is integrated with Dynamics AX, GP, SL, and NAV.
See why over 450 companies chose AvidXchange to automate their AP process.
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