Acumatica Summit, their annual user conference, has announced a new partnership. AvidXchange, a top provider of accounts payable automation, will be Acumatica’s strategic payments partner. This is great news for mid-market businesses and their suppliers. Acumatica leads the cloud ERP market. The two firms are working together to create a seamless payments experience in the Acumatica cloud ERP platform. Their goal is to simplify and improve payments. The new highly embedded payments functionality is expected to be launched later this year.
Once live, Acumatica’s over 10,000 customers will be able to leverage the combined payment automation solution that offers the control, flexibility, and scalability needed by scaling businesses. Backed by AvidXchange’s AI-driven software and over 25 years of AP knowledge, the combined solution will optimize the entire payment process from start to finish, all within Acumatica. By integrating Acumatica’s cloud ERP with AvidXchange’s vast supplier network of over 1.3 million suppliers, the partnership hopes to make payments more seamless for finance teams and suppliers.
“Acumatica customers are growing businesses that need modern payment automation that is flexible, secure, and built for scale,” said Michael Praeger, CEO and Co-Founder of AvidXchange. “By bringinginto the ERP experience, we’re helping finance teams spend less time on manual tasks and more time on high-value work, with better visibility into payment status and stronger confidence in every transaction.”
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“Through strategic partnerships, Acumatica is committed to evolving our ecosystem and delivering the best possible experience for our customers, and that includes solutions that reduce complexity in core financial workflows,” said John Case, CEO of Acumatica. “With this partnership, we’re giving customers a way to simplify payments with a solution designed to integrate deeply into Acumatica and support their evolving needs.”
Through the integration of intelligent payment automation within the ERP ecosystem, Acumatica and AvidXchange are making it possible for mid-market companies to function more effectively and efficiently while having the ability to scale with confidence.