AvidXchange automates accounts payable for credit unions

Tuesday 2 November 2021 09:29 CET | News

AvidXchange, a provider of accounts payable (AP) and payment automation solutions for the middle market, has announced that AvidSuite for Financial Services is available to credit unions.

AvidSuite for Financial Services combines AP automation solution, ASCEND, with AvidPay and the AvidPay Network to create a single, end-to-end platform for AP and payments automation. ASCEND leverages artificial intelligence to read and capture critical invoice data while AvidPay enables multiple electronic payment options for suppliers, allowing credit unions to spend less time managing paper-based processes and more time focused on delivering services to their members.

AvidSuite also improves the invoice audit trail for financial institutions, providing visibility and control to help customers maintain regulatory compliance.

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Keywords: accounts payable, financial services, artificial intelligence
Categories: Payments & Commerce
Countries: United States
This article is part of category

Payments & Commerce