AvidXchange launches AP automation solutions for social services

Tuesday 22 October 2019 10:31 CET | News

US-based AP automation company AvidXchange has announced launching AvidPay and AvidInvoice for the long-term healthcare and social services industry.

With AvidXchange, care facilities also gain greater visibility and control over financial data, helping them meet increasing regulatory and HIPAA compliance requirements with in-depth reporting capabilities and an easily referenceable audit trail.

AvidXchange solutions integrate with the healthcare industry's most widely used accounting systems, delivering a unified user experience where critical information is automatically populated in AvidInvoice and AvidPay. AvidInvoice increases AP efficiency by shortening invoice lifecycle times and streamlining workflows, while also delivering multi-location functionality to manage several different facilities on the same system.

AvidXchange offers automated invoice and payment processes for mid-market businesses. Founded in the year 2000, AvidXchange processed 9.5 million payments in 2018 across its network of more than 500,000 suppliers, transforming the way 5,500 customers in North America pay their bills.

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Keywords: AvidXchange, product launch, accounts payable automation, US, North America, United States, AP automation, AP efficiency, healthcare system, social care, payments , business process automation
Categories: Banking & Fintech
Countries: United States
This article is part of category

Banking & Fintech