In today’s world of reduced corporate budgets for automation initiatives, SaaS offerings ... enable companies to automate their invoice processes without any significant upfront costs or license fees.
Orlando, Fla. (PRWEB) April 20, 2010
AvidXchange, Inc., a leader in on-demand invoice management solutions, has signed a silver level partnership with International Accounts Payable Professionals (IAPP).
As a silver partner, AvidXchange taps into a valuable opportunity to communicate its company's name, products, and services to members of IAPP and its sister organization, International Accounts Receivable Professionals (IARP). Through its partnership agreement, AvidXchange will advertise in print and online publications of IAPP, and facilitate workshops and exhibit at IAPP's Annual Forum.
With more than 5,000 members worldwide, IAPP and IARP serve as advocate organizations for professionals in accounts payable, accounts receivable, and financial shared services.
AvidXchange, headquartered in Charlotte, North Carolina, is the leading provider of Software-as-a-Service (SaaS) AP automation and electronic purchase order tools for mid-sized companies in real estate, banking, insurance, distribution and other financial sectors. More than 200 organizations and more than 40 public companies have automated their AP process with AvidXchange.
"AvidXchange is excited about its new partnership with IAPP, as well as introducing the benefits of utilizing SaaS solutions for AP to the IAPP community," said AvidXchange Chief Executive Officer Michael Praeger. " In today’s world of reduced corporate budgets for automation initiatives, SaaS offerings, such as our AvidBill Network for electronic invoice capture and AvidInvoice for invoice approval workflows, enable companies to automate their invoice processes without any significant upfront costs or license fees. We believe this message will resonate with IAPP members."
"We're excited that another leading company has realized the benefits of becoming an IAPP partner," said IAPP CEO and Executive Director Tom Bohn. "This shows that AvidXchange recognizes the growing influence of the professionals we represent, and how vital they are to success of companies marketing AP solutions and services. We look forward to a long partnership with AvidXchange."
About IAPP and IARP
International Accounts Payable Professionals (IAPP) is internationally recognized as the trustworthy guidance-setting association for the accounts payable profession. Serving members throughout the world, IAPP is the AP professional’s global voice, chief advocate, recognized authority, acknowledged leader, and principal educator on all AP operational, regulatory, leadership, tax, control, and fraud-related topics. Together, the IAPP and its sister organization, International Accounts Receivable Professionals (IARP), have more than 5,000 members in 70 chapters throughout the United States, Canada, and the United Kingdom, and provide training, conferences, knowledge sharing, certification, online resources, AP Matters and AR Matters magazines, and more. For more information, visit http://www.TheIAPP.org and http://www.TheIARP.org.
About AvidBill Network
The AvidBill Network provides 100 percent electronic receipt of all invoices and facilitates how companies interact and communicate with their vendors. AvidBill is designed to automate the way vendors submit invoices either electronically into AvidBill from their base accounting system or through the AvidBill vendor portal. For vendors who need to continue sending paper invoices, a dedicated AvidBill lockbox is also available. Through analysis of vendors across the entire AvidXchange client base, the AvidXchange vendor management team works directly with vendors to determine the most efficient method for invoice submission. Upon receipt of an invoice through AvidBill, it is immediately processed into an electronic format and appears automatically in the appropriate AvidInvoice workflow determined by an organization’s specific business rules. Additional information about the AvidBill Network can be found at http://www.avidxchange.com/avidbill.
AvidInvoice is a web-based paperless invoice management system designed to automate the way companies manage AP documents. Clients also are able to leverage AvidInvoice to manage the approval and coding process in addition to directly integrating approved invoices into more than 25 different accounting systems. This module provides finance executives and AP managers with enforceable controls, powerful reporting and added visibility to all documents in their organization, and features that make it easier to apply accounting codes and approve or dispute invoices.