AvidPay

What is AvidPay?

AVIDXCHANGE BILL PAYMENT AUTOMATION SOFTWARE

With AvidPay you select the payments in your accounting system exactly as you do today, but instead of selecting them for printing, you select them to pay. The payments are then transmitted to the electronic payment software application and its optimized payment process is initiated. Based on your company's current payment approval processes, payment files are forwarded to approvers for final approval before being transmitted to vendors.

Once approved, all payments are debited from your company's bank account(s) to a trust account for secure financing. Verified funds are easily distributed to suppliers. Your company's accounting system remains your system of record and you will receive files with all the automated payment information your business needs to reconcile your B2B bill payments. You and your vendors will love the industry-leading software, services, and payment network.

Stay in control with AvidPay

There is no need for major changes. Keep your bill payment approval processes in place by adding your current approval rules to your new payment automation process.

Gain confidence

Security is the key! Transfer ePayments or checks to verified vendor bank accounts to prevent fraud and provide 100% protection for your vendor payments.

Drive predictable ROI

With AvidPay eliminate tangible costs, reduce labor costs and take advantage of simple pricing with electronic payment incentives that enable predictable and predictable ROI.

FLEXIBLE AND MANAGED INVOICE PAYMENTS ANSWERED BY THE LARGEST NETWORK OF SUPPLIERS

Make fast and secure B2B bill payments to suppliers, backed by the largest network of suppliers

Create custom workflows with 24x7 visibility into bill payment status and approvals

Reduce bill payment processing costs by eliminating the printing of checks, envelopes, postage, and time spent tracking undrawn checks

System Requirements:

CPU: 1.8 GHz dual core processor

RAM: 2 GB

HDD/SSD: 50 GB of free space on main drive

Operating system: Microsoft Windows 10, Microsoft Windows 8 32-bit, Microsoft Windows 7 32-bit, and Microsoft Windows Vista 32-bit

Resolution: 1024×768

Supported Operating Systems

Mac OS X 10.5x (Leopard), Mac OS X 10.6 (Snow Leopard), Mac OS X 10.7 (Lion), Mac OS X 10.7 (Mountain Lion), OS X 10.9 (Mavericks), and Mac OS X 10.10 (Yosemite)

Hardware requirements

Memory - 1 GB RAM and more

Free disk space - 50 MB

System type - 32-bit and 64-bit OS