CHARLOTTE, N.C. (Jan. 20, 2022) – AvidXchange Holdings, Inc. (“AvidXchange”) (Nasdaq: AVDX), a leading provider of accounts payable and payment automation solutions for the middle market, today announced FastPay Political+, a major enhancement of the company’s industry leading platform FastPay Political, designed to help political agencies and media suppliers nationwide automate the media buying and selling process.
FastPay Political+ offers three new critical features within its payment automation platform including:
- Direct integration with industry-leading media buying system.
- Automation with check mailing functionality within the continental U.S. that provides digital check copies, embedded tracking numbers, and different shipping method options.
- Upgraded virtual commercial card management tool that allows customers the ability to create, manage, and reconcile digital virtual commercial credit card payments with enhanced transaction reports.
“According to AdImpact, the political industry is projected to spend over $9 billion in advertising during a historic 2022 mid-term election, and we knew we needed to deliver an enhanced platform to best support our customers during this time of anticipated exponential growth,” said Secil Baysal, Senior Vice President & General Manager of Media at AvidXchange. “We’re confident FastPay Political+ will help agencies operate at maximum efficiency during this time by automating and reducing existing pain points within the manual payments process.”
“Our longstanding partnership with FastPay has gotten even stronger with FastPay Political+, which enables our team to worry less about when and if media payments have been delivered and focus more on our agency’s winning formula for our clients,” says Patrick Kennedy, CFO of AL Media.
To learn more about FastPay Political+, visit: https://gofastpay.com/fastpay-political/.
AvidXchange is a leading provider of accounts payable (“AP”) automation software and payment solutions for middle market businesses and their suppliers. AvidXchange’s software-as-a-service-based, end-to-end software and payment platform digitizes and automates the AP workflows for more than 7,000 businesses and it has made payments to more than 700,000 supplier customers of its buyers over the past five years.
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