AvidXchange, a U.S. fintech that provides accounts payable and automated payment solutions to midsize businesses, announced on Tuesday the launch of its “Boost your Business” Program, which was created to help more companies quickly and cost-effectively automate their AP. The program notably helps businesses transition to electronic invoicing and payments in less than 45 days with a savings of up to $10,000.
“AvidXchange’s Boost your Business Program delivers a complete invoice-to-pay solution that replaces outdated, paper-heavy AP processes with automated invoice ingestion, approval workflows and e-payments, giving middle market finance departments more visibility, security and control over how they pay bills.”
AvidXchange further noted that by eliminating time-consuming, manual tasks like handing off paper invoices for approval or mailing paper checks, businesses will have the ability to reallocate resources to more strategic initiatives that support stability and rebuilding for future growth. Michael Praeger, CEO and Co-Founder of AvidXchange, shared more details about the program by stating:
“We conceptualized this new program specifically for companies that are still burdened by antiquated back office processes. By helping them shift to e-invoicing and e-payments, we’re pivoting their entire finance team to focus on what really matters right now – bolstering the balance sheet for the year ahead.”
AvidXchange further added that its customers may also continue learning through the AvidXchange Academy long after implementation to ensure their success with AP and payments automation.