Accounts Payable Solutions for the Construction Industry

SPEND MORE TIME BIDDING JOBS, LESS ON INVOICE ROUTING AND APPROVAL

CONSTRUCTION BUSINESSES JUST LIKE YOURS ARE GETTING A LEG-UP ON THEIR COMPETITORS WITH ACCOUNTS PAYABLE SOLUTIONS PURPOSE-BUILT FOR CONSTRUCTION FINANCE MANAGEMENT

We deliver a streamlined, full-service payment automation solution that eliminates the manual work in self-managing B2B payments, reduces check fraud and drives a 75% – 90% savings in total payment processing costs. Simply send one payment file to the AvidXchange Payment Network and we take it from there, paying your suppliers, vendors and subcontractors securely, timely and in their preferred payment method.

Founded in the year 2000, AvidXchange processes over $140 billion transactions annually across its network of more than 600,000 suppliers, transforming the way 6,000 customers in North America pay their bills.

IMPROVED EFFICIENCIES

Utilize easy-to-use payment software that integrates directly into your existing accounting system workflow.
Gain 24/7 visibility into and control of payments, accessible on any device with internet access.

EQUIPPED FOR SCALABILITY

Scale and grow your business with AvidXchange as we help customers with monthly payment volumes of 100 to over 10,000.
Save time and costs in your payment process, allowing your team to focus on higher value tasks.
Leverage a team of payment professionals and rule-based software to optimize electronic delivery of payments.

REINFORCED SECURITY

Outsource with full confidence the management and maintenance of supplier payment data.
Protect your payments with industry leading security standards, such as OFAC screenings.
Reduce your risk of fraud and headaches of lost payments with AvidXchange assuming responsibility for all payment execution.

STRONGER RELATIONSHIPS

Offer your suppliers, vendors and subcontractors flexible payment options.
Provide detailed remittance data and live payment support with every payment.
Enable your suppliers with quicker access to cash while generating rebate revenue from electronic payments.

Construction Businesses Across the country TRUST AVIDXCHANGE

AVIDINVOICE: Paperless Invoice Processing

Our invoice management system is built to automate your company’s current invoice processing. No matter how many invoices you have, they’ll be automatically coded, assigned to the appropriate workflow, and routed electronically for invoice approval. Once invoices get your stamp of approval, they flow directly into your accounting system for automated payment processing.

Receive, track and approve invoices in the workflow you follow today, but without the inefficiencies and paper
Eliminate manual data entry, reduce errors and save valuable time for your AP team
Gain more visibility and control by checking invoice statuses from anywhere, anytime on any device

AVIDPAY: B2B Payment Automation

AvidPay is our full-service bill payment software. Trade in paper, stamps, and wasted time for a few simple clicks to pay all of your vendors without worry. Get your suppliers paid faster than ever with flexible, managed payment options like Mastercard, AvidPay Direct (our Enhanced Direct Deposit option) or check.

Make fast and secure payments to suppliers backed by the largest supplier network
Create custom workflows with 24/7 visibility into payment status and approvals
Reduce processing costs by eliminating check printing, envelopes, postage and time spent following up on uncashed checks

AvidCreate-a-check

Simply access your accounting system, generate a payment file and send it to AvidCreate-A-Check. Whether you’re sending an ePayment or check, our AvidPay Network will handle the rest. We’ll send your check or preferred E-Payment method on your behalf to pay vendors when and how they want to get paid in ten seconds.

Self-manage payments for suppliers you need to pay in-house
Decrease check fraud and save money by printing to blank check stock
Save time by replacing manual check signatures with encrypted digitized signatures
Easily print from unlimited bank accounts for your different projects or locations

AvidXchange Integrates With Your Current Construction Management Accounting Systems

Avidxchange’s products don’t replace your existing accounting software. Instead, our industry-leading Accounts Payable solutions seamlessly integrate with over 150 of the most popular business accounting systems. After all, we’re here to help streamline your payment processes, not pile on to your pain.

Don’t see your accounting system? Check out our Integrations page for the full list of systems and ERPs that AvidXchange can integrate with.

I AM SAVING ROUGHLY ONE WEEK PER MONTH BY USING AVIDXCHANGE AND ABLE TO FOCUS ON OTHER ASPECTS OF MY JOB. NOW, I PUSH ONE BUTTON AND THE PAYMENT IS PROCESSED AND OFF TO THE VENDOR.

– MAGGIE J.
OFFICE MANAGER AT RIDGELINE CONSTRUCTION GROUP, INC.