Charlotte, N.C. – October 19, 2017 – AvidXchange™, a leading fintech provider of accounts payable and payment automation for midsize companies, is pleased to announce a new integrated offering with PaperSave®, a product of WhiteOwl. The integration enables Blackbaud Financial Edge and Financial Edge NXT customers a complete paperless AP and payment processes from start to finish. WhiteOwl is a Blackbaud technology partner providing data intelligence, process management, and automation to the nonprofit space. PaperSave has hundreds of Blackbaud Financial Edge and Financial Edge NXT customers using their solutions for document management and invoice approval. The addition of automated payment capabilities via the AvidXchange Pay application completes the purchase-to-pay automation solution for PaperSave customers.
“AvidXchange has seen that many nonprofit organizations are looking for solutions to automate their payments, invoice approval workflow, and document management,” said Mike Bates, VP of Products. “With this growing need, it was such a natural fit for us to connect with PaperSave, especially because we already have extensive knowledge of the nonprofit sector through our existing relationship with Blackbaud.”
The solution will enable customers to seamlessly view invoices captured and approved as valid expenses in PaperSave, and then view and approve those invoices for payment in the AvidXchange Pay application. Once approved, PaperSave leverages AvidXchange’s AvidPay Network to pay suppliers electronically or by check. Automating payments with AvidXchange creates tighter payment controls and helps to eliminate check fraud and makes audits much easier to manage.
“Since our first integration with Financial Edge was released 15 years ago, PaperSave has evolved to be a market leader of integrated document management throughout the nonprofit industry,” said Wadih Pazos, Sr. Vice President of Product Development. “With PaperSave’s tight integration to AvidPay, our clients can now process payments more efficiently from their desktop, while utilizing PaperSave’s powerful transaction automation and workflow solutions.”
PaperSave, developed by WhiteOwl (www.gowhiteowl.com), simplifies the document capture process through automation, streamlines processes by removing redundancies, and provides sophisticated search and retrieval features. PaperSave enables better Records Management through tight security, audit trails and record retention rules. For more information, please visit www.papersave.com.
WhiteOwl provides business process consulting services leveraging Enterprise Resource Planning (ERP), Customer Relationship Management (CRM) and managed services. Headquartered in Miami, Florida, WhiteOwl is a Microsoft, Intacct, and Blackbaud partner providing a solid foundation of experience to over 1,000 clients nationwide. WhiteOwl is also the developer of PaperSave, a document management, workflow and transaction automation solution. WhiteOwl is the technology affiliate of MBAF, one of the nation’s top certified public accounting and consulting firms. For more information, visit www.gowhiteowl.com.
AvidXchange™ revolutionizes the way organizations 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 organizations spanning multiple industries including Nonprofit, 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].