The addition of AvidXchange to Comdata’s product lineup is set to enable its clients to automate their AP process, while providing visibility and control, as well as reporting and analytics capabilities.
Comdata is a business-to-business provider of electronic payment services. As an issuer and a processor, the company provides corporate payments, virtual card, prepaid, fleet and healthcare solutions to approximately 30,000 customers. In 2012, Comdata has joined forces with Stored Value Solutions (SVS) to offer an expanded suite of prepaid gift card and loyalty solutions. Founded in 1969, Comdata and SVS are wholly-owned subsidiaries of Ceridian.
AvidXchange specializes in AP Automation for businesses. Automation eliminates paper by electronically capturing invoices, using business rules to route invoices for approval and storing all information electronically providing access to invoice status and history.
In recent news, Comdata has expanded its payment services into Canada.
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