AvidXchange Announces Partnership with AppFolio to Enhance AP Automation Benefits for its 19,000 Real Estate Customers
November 08, 2023 at 09:00 am EST
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AvidXchange announced its partnership with AppFolio. This partnership will provide customers in the real estate industry with a simple, streamlined workflow for automated invoice processing, approvals, and payments. AppFolio?s integration with AvidXchange will ensure that invoice details and transactions are all easily recorded in the accounting system of record (AppFolio) and that payment transaction data seamlessly passes to the AvidXchange payment solution for ease in automated payments.
Additionally, invoice details, including invoice images, will be easily searchable in AppFolio, reducing the need to manage critical transaction records across two systems. AvidXchange?s integration with AppFolio highlights the company?s commitment to forging application programming interface (API) partnerships and deep accounting integrations with leading enterprise resource planning (ERP) systems within existing and new target verticals. This partnership, planned to go live in 2024, also marks AvidXchange as the first AP partner in the AppFolio Stack? Marketplace, one of the fastest growing partner ecosystems offering everything from seamless software integrations to dedicated accounting and consulting services that help property managers streamline operations and scale their business.
AvidXchange Holdings, Inc. is a provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers. The Companyâs cloud-based, software and payment platform digitizes and automates the AP workflow for middle market businesses (AvidXchangeâs buyer customers), and their service providers and vendors (AvidXchangeâs supplier customers). The Company provides solutions and services throughout North America spanning multiple industries including real estate, homeownerâs associations, construction, financial services (including banks and credit unions), healthcare facilities, social services, education, and media. AvidXchangeâs software solutions are delivered primarily through a software-as-a-service (SaaS) platform that connects buyer customers using the Companyâs AP automation products with a network of their vendors, including supplier customers. The Company has made payments to more than 1,200,000 supplier customers of its buyers.