Construction Business Owner Magazine & AvidXchange Present Webinar: ‘How Labor Shortages & Virtual Work Are Changing Purchase-to-Pay Processes’
BIRMINGHAM, Ala. (June 1, 2023) — Construction Business Owner, the leading business magazine for contractors, is pleased to announce a free webinar presented in partnership with AvidXchange.
The live, online event, “How Labor Shortages & Virtual Work Are Changing Purchase-to-Pay Processes,” will take place June 22, 2023, at 1 p.m. CDT and will review common pain points and solutions.
Registration is free at constructionbusinessowner.com/webinars.
As a result of economic and cultural trends, construction organizations today are increasingly relying on technologies that increase efficiency — especially in accounting departments.
The value of financial technology in the construction industry may not have always been clear, but with skilled labor shortages and unreliable supply chains, it’s time for construction firms to embrace all that technology can offer — especially in their back offices.
In this webinar, we’ll review the trends causing the most pain and adding to the backlog for construction organizations, then dive into solutions that have helped more than 2,000 construction companies. Among other new advances in purchase-to-pay technology, we’ll walk through the ability to retrieve invoices by email, optical character recognition (OCR), paperless invoice routing, lien waiver management, payment automation and more.
About AvidXchange
AvidXchange is a leader in automating invoice and payment processes for midmarket businesses. Founded in the year 2000, AvidXchange processes over $180 billion in transactions in 2021 across its network of more than 825,000 suppliers, transforming the way 8,000 customers in North America pay their bills.
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