Accounts payable automation software provider AvidXchange has launched its Accounts Payable as a Service solution for customers of property management software provider AppFolio, further expanding the partnership between the two companies and making AvidXchange’s payment automation solution available in the AppFolio Stack Marketplace.
AvidXchange’s Accounts Payable as a Service is a fully managed, embedded solution that enables accounting systems and ERP providers to offer the ability for their customers to execute payments directly within their platforms.
Through this newly announced partnership, AvidXchange’s solution is now available within the AppFolio Performance Platform, bringing embedded payment automation directly to AppFolio customers.
Powered by AvidXchange’s AI-enhanced software, decades of AP expertise, and network of 1.3 million suppliers, the integration allows property management teams to manage the supplier payment process directly in the AppFolio environment.
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“AppFolio has been a long-standing partner, and this partnership is all about helping our shared customers spend less time on manual AP work and more time running their business,” Michael Praeger, CEO and co-founder of AvidXchange, said in a statement on March 3. “AvidXchange was founded to solve AP challenges in the real estate industry, and we’re bringing that experience directly into AppFolio so property management teams can manage payments in one place with greater efficiency, visibility, and control.”
AppFolio customers can now enroll in AvidXchange’s payment automation solution in the AppFolio Stack Marketplace and start making payments in minutes, accelerating time to value.
More information about AvidXchange’s AP as a Service solution for AppFolio can be found here.
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Tags: Accounting, accounts payable, AppFolio, AvidXchange, Technology
