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AvidXchange™ and TOPS Expands its Strategic Partnership

February 26, 2018

CHARLOTTE, N.C., (February 26, 2018) AvidXchange™, leading cloud-based software provider of Accounts Payable and Payment Automation, and TOPS Software (TOPS), a complete accounting and property management system specializing in helping Homeowner Association (HOA) and Condo Association Managers, announced an expansion to its strategic partnership. Since 2009, both teams have worked to deliver a best-in-class solution to meet the needs of community association management (CAM) companies.

The addition of the product, TOPS [ONE]™, elevates the solution to the next level – migrating TOPS customers and their suppliers into the digital and mobile space. Meanwhile, the combination of AvidXchange and TOPS continues to eliminate extensive paper in the accounts payable process with the addition of visibility into real-time updates. Through TOPS Connect API, all supplier invoice and payment transactions automatically sync to TOPS ledgers over the cloud. As a result, customers are presented with the status of open and paid invoices as well as further detailed information.

“AvidXchange is excited to extend its accounts payable solution through TOPS [ONE]. Serving more than 400,000 suppliers with nearly 100,000 joining in 2017, the new product is part of AvidXchange’s dedicated effort to continue expanding business opportunities across the spectrum for CAM companies,” said CEO and co-founder Michael Praeger. “TOPS’ 30 plus years of experience in the property management space is key to moving the real estate industry towards the direction of providing access to growth during an everchanging evolution of payment,” added Praeger. “Additionally, this solution streamlines invoice approval processes creating greater efficiency through automated workflows.”

“TOPS [ONE] is the system of record for the modern management company. By integrating with companies like AvidXchange, we are able to provide clients with a robust and intuitive experience,” said Mike Hardy, President and CEO of TOPS Software. “This gives management companies the ability to focus on serving their communities, instead of being bogged down by day-to-day minutia.”

About TOPS:

TOPS Software helps community association management (CAM) companies save time and effort in managing condominium and homeowners associations. Founded in 1985, TOPS has dedicated over thirty years to providing the CAM industry with technologies that help management companies grow. TOPS products are in use by thousands of organizations to manage millions of homes across the United States. Learn more about TOPS at http://www.topssoft.com.

About AvidXchange™

AvidXchange™ revolutionizes the way companies pay their bills.  Serving more than 5,500 clients throughout North America, AvidXchange is an industry leader in automating invoice and payment processes for midmarket companies spanning multiple industries including Real Estate, Financial Services, Energy, and Construction.  AvidXchange has been recognized as one of the 50 fastest-growing private companies in the Charlotte area for six consecutive years, ranked among Deloitte’s Fast 500 this past year, and recently was named of the top 100 technology companies in North America by Red Herring.  In the midst of record growth, AvidXchange has remained true to its most valued competitive advantage—its people.  AvidXchange has been recognized as one of the Best Places to Work in Charlotte for eight consecutive years.  For more information, contact us at 800.560.9305 or [email protected].



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