back Back

AvidXchange unveils purchase order capabilities for leading middle market accounting systems

By Pavithra R

April 15, 2021

  • America
  • Avidxchange
Share

AvidXchange unveils purchase order capabilities for leading middle market accounting systemsAvidXchange, a FinTech provider of accounts payable (AP) and payment automation solutions for the middle market, has announced launching new purchase order (PO) capabilities for Sage Intacct, Microsoft Dynamics GP, Microsoft Dynamics 365 Business Central, Oracle NetSuite and Intuit QuickBooks.

Now, businesses leveraging these accounting systems have the capability to match purchase orders, invoices and receipts in AvidXchange’s AP automation solution, helping to minimize manual touchpoints and create more flexible approval workflows so finance teams can pay bills more efficiently.

“When middle-market businesses look to automate, technology that complements their accounting system and flexes to match existing approval processes makes the transition faster and easier compared to building a custom integration from scratch. That’s why we’ve cultivated a partner ecosystem that offers 180 pre-built integrations, so we can help middle market finance teams curate a technology stack that meets their unique needs and removes the paper from their payments without disrupting daily operations,” said Michael Praeger, CEO of AvidXchange.

With three-way PO matching functionality and bi-directional API integrations, data is synced automatically across all solutions without requiring AP managers to manually enter invoice information. This saves time and helps to reduce payment errors while giving businesses more transparency and control within their accounting system of record.

“When deciding on an AP automation tool, it was an easy decision to choose AvidXchange because we knew it partnered well with Sage Intacct. Now, our company has doubled in size and we haven’t missed a payment deadline. We would never have been able to support the volume of work if we hadn’t become more efficient through automation with AvidXchange,” said Karen Russell, CAO and Vice President of Accounting at Oryx Midstream Services.

Founded in the year 2000, AvidXchange provides automating invoice and payment processes for mid-market businesses. The company’s solution portfolio includes Purchase Order Software, Automated Invoice Management Software, Bill Payment Software, Check Printing Software, Utility Bill Management Software.

Previous Article

April 15, 2021

Phoebus Software achieves £70 billion of assets under management on servicing solution

Read More
Next Article

April 15, 2021

Bankhaus von der Heydt selects Appian to automate back-office operations

Read More








IBSi Daily News Analysis

March 22, 2024

America

Industry experts stress modernization, sustainability, and AI as cornerstones for future of corporate banking, Finastra study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Payop partners with Tink to add Pay by Bank in Europe

Read More

March 22, 2024

FinTech Focus: Catch latest developments of the week

Read More

March 21, 2024

Micropayment and Tink partner to launch Pay by Bank at checkout

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023