Tech

AvidXchange launches new PO capabilities

Businesses using a number of accounting systems will now be able to match purchase orders, invoices, and recipes through the group’s automation solution

AvidXchange, a provider of accounts payable and payment automation solutions, has announced the launch of new purchase order (PO) capabilities for a raft of accounting systems.

Businesses using Sage Intacct, Microsoft Dynamics GP, Microsoft Dynamics 365 Business Central, Oracle NetSuite and Intuit QuickBooks will now be able to match purchase orders, invoices, and recipes through the group’s automation solution.

Through its 180 accounting system integrations, AvidXchange supports mid-market firms in automatically syncing data and processes.

Michael Praeger, CEO at AvidXchange, said: “When middle market businesses look to automate, technology that complements their accounting system and flexes to match existing approval processes makes the transition faster and easier compared to building a custom integration from scratch.

“That’s why we’ve cultivated a partner ecosystem that offers 180 pre-built integrations, so we can help middle market finance teams curate a technology stack that meets their unique needs and removes the paper from their payments without disrupting daily operations.” 

The group operates with 1,500 employees and 6,000 customers across North America, processing over $140bn worth of annual transactions.

Karen Russell, CAO and VP of accounting at Oryx Midstream Services, said: “When deciding on an AP automation tool, it was an easy decision to choose AvidXchange because we knew it partnered well with Sage Intacct.

“Now, our company has doubled in size and we haven’t missed a payment deadline. We would never have been able to support the volume of work if we hadn’t become more efficient through automation with AvidXchange.”

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