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The Challenge: Time Wasted Following Up on Payment Status Doron Contracting joined the AvidPay Network in 2021 and enrolled in the supplier portal in 2022. It’ll tell me when it was paid, so I know that I deposited it on that date. AvidXchange’s supplier portal helps Doron Contracting save time and more easily reconcile invoices.
AvidXchange provides accounts payable (AP) automation Software as a Service (SaaS) to mid-size companies. In 2022, we processed more than 70 million transactions. Once invoices are approved, AvidPay will automatically send payment to a business’ suppliers via their preferred payment method (credit card, direct deposit or mailed check).
But in 2022, the U.S. Other fraudsters scan or copy a stolen check to print multiple fake checks payable from your account. Some brazen offenders will cash or deposit a stolen check themselves but most hire “ walkers ” to do the job for them. When cashing a check, don’t endorse it until just before you deposit it.
With this early payment option, if a supplier chooses to accelerate an eligible invoice, AvidXchange deposits the funds directly into their account in as little as 24 hours for a small fee. Several of Rothenberg’s customers use AvidXchange to automate their accounts payable (AP) processes and pay their suppliers.
Bryce Clark, co-owner and vice president of Capital Lock, shares how he transformed his accountsreceivable process to save time, money and headaches. I started looking for opportunities to streamline and automate our antiquated accountsreceivable (AR) processes.” joined the AvidPay Network in 2013.
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