Insight & Analysis

Press release: AvidXchange launches first wave of accounting system integrations for its purchase-to-pay solution

Published: Mar 2018

As part of the 2017 Ariett acquisition, AvidXchange was 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 solution, AvidXchange Purchase to Pay, is a complete, end-to-end offering delivered to customers who use Microsoft Dynamics GP and Intacct.

“We are thrilled to introduce and expand on this leading solution,” stated Michael Praeger, co-founder and CEO of AvidXchange. “Throughout the B2B market, we’re witnessing a need to optimize and simplify spending while gaining efficiency through data driven results,” continued Praeger. “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.”

As the only end-to-end spend management solution delivered on one unified platform, AvidXchange Purchase to Pay removes the need for multiple tools by processing and tracking all company expenditures. The solution utilizes its ability to analyze, control, and forecast a company’s expenses to streamline the relationship between buyers and suppliers while capturing invoices to eliminate paper. In addition, the solution’s end-to-end T&E approval workflow, mobile capabilities, and customized vendor catalog opportunities provide decision makers with improved visibility and control.

“As part of the 2017 Ariett acquisition, we are continuing to develop and expand on other AvidXchange Purchase to Pay integrations through our product discovery strategy,” said Praeger. “At AvidXchange, our goal is to deliver great products to our customers,” added Praeger. “This solution not only meets this goal, but also leads the way on how companies stay competitive in a growing and everchanging market.”

For more information, visit www.avidxchange.com/avidxchange-purchase-to-pay

All our content is free, just register below

As we move to a new and improved digital platform all users need to create a new account. This is very simple and should only take a moment.

Already have an account? Sign In

Already a member? Sign In

This website uses cookies and asks for your personal data to enhance your browsing experience.