Banking Banking

Invoice and Bill Pay Automation for Banks

The banking industry faces never before seen challenges, like increasingly complex regulations and rising operating costs as a result of the present-day economy. AvidXchange is a comprehensive, automated and paperless invoice and bill payment solution that reduces operational expense, improves productivity and reduces the risk of fraud or duplicate payments. Bank automation increases the productivity of your staff giving them more time to focus on banking.

Simplified, Painless Audits

AvidXchange’s automated audit trail tool assures auditors that you are in compliance with your internal processes. Being able to instantly see the status and audit trail of an invoice speeds up audits by reducing the time it takes to pull sample invoices. Streamline audits and your day-to-day business with automated invoice and bill pay processing.

Manage Vendor Compliance and Scale Your Process the Easy Way

Enjoy the control, visibility and compliance that AvidXchange brings to your invoice and bill pay processes. Fully configurable to meet almost any workflow, AvidXchange for Banking offers a robust automated banking solution with full audit and security compliance.

Vendor Compliance

Take control of your company's spending. AvidXchange makes it easy to track how well your vendors comply with their contracts. Store all vendor contracts within AvidXchange and match them to invoice and budgeting capabilities that alert you when an invoice is over the spending limit during the approval process. AvidXchange makes it easy to control your spending and monitor vendor activity.

Intelligent Workflow

Give your organization the tools to automate your accounts payable process. Email reminders, auto-coding and history tracking make approvals quick and easy. With AvidXchange your approvers spend less time on paperwork and more time managing their business.

SAS 70 Type II Enterprise Security

Accounting data is highly sensitive so AvidXchange performs rigorous testing to ensure that all system activities are monitored and secure. We back it up with the most rigorous third-party auditing available.

Back-end Integration Ties It All Together

You need to integrate AvidXchange to your core accounts payable system to create a seamless process. Whether you use IPS-Sendaro, FIS, or another AP system, AvidXchange has standard interfaces that make it easy to tie your systems together. Create custom integrations as your needs change and as your organization grows.

AvidXchange is the ideal solution to increase control and visibility for streamlined processing and audits. Used by many leading financial institutions, AvidXchange lets you spend less time on your invoice and bill pay processes and more time on banking and growing your business.

AvidXchange gives us control and really fits our business instead of the other way around. After looking at their solution I knew I had found something I needed to improve our processes..

David Friedman, Controller BankAtlantic

Revolutionize the way you pay your bills in 45 days or less!