U.S. based Fintech AvidXchange launches integrations for Purchase to Pay

Customers of the U.S. based Fintech AvidXchange, a fintech that provides accounts payable and automated payment solutions to midsize businesses, are set to get more benefits from the products they purchase from the company.

AvidXchange Now Offers Account System Integrations For Purchase-to-Pay Solution

This developed after AvidXchange, recently launched its first wave of accounting system integrations for its new end-to-end spend management platform.

AvidXchange, revealed they were able to integrate its
best-in-class payment automation solution with an extended purchasing functionality to help manage spending with requisition approval, purchase order management, and the ability to analyze and forecast expenses.

The latest functionality of their products is part of the 2017 Ariett acquisition the company made. Michael Praeger, co-founder and CEO of AvidXchange, revealed the solution, AvidXchange Purchase to Pay, is a complete, end-to-end offering delivered to customers who use Microsoft Dynamics GP and Intacct.

Praeger said under the AvidXchange Purchase to Pay solution, business leaders are provided with the opportunity to elevate the precision of their financial decisions, while extending the value of Dynamics GP and Intacct.

He said their product is the only end-to-end spend management solution delivered on one unified platform, the Purchase to Pay removes the need for multiple tools by processing and tracking all company expenditures.

Moreover, Praeger said the main goal of the company is to provide great products to their customers. The move is also a way for them to show the world how their company stay competitive in a growing and ever-changing market.

Disclaimer: The information on this site is provided for discussion purposes only, and should not be misconstrued as investment advice. Under no circumstances does this information represent a recommendation to buy or sell securities.
Peter Schmidt is a journalist focused on latest technologies in banking. Peter Schmidt is a senior writer and video host at TheOofy. He also hosts a podcast about tech finance. Previously, Schmidt was a finance reporter for Mashable and has been a contributor at APA, Fortune and Forbes. Schmidt has a Master's in Journalism from Heidelberg University.