A leading provider of accounts payable (AP) automation software and payment solutions, AvidXchange recently team up with Intuit QuickBooks Online for an invoice-to-pay application programming interface (API) integration. Customers who use QuickBooks Online will benefit from this new offering, which offers a fully automated, end-to-end, cloud-based AP and payment solution.
Dan Drees, Chief Growth Officer of AvidXchange, said, “Adding an integration for QuickBooks Online to our existing QuickBooks portfolio showcases our dedication to improving our solutions to meet the needs of our customers today. This is an exciting new integration for us, as well as the middle market as a whole, as we expand our capabilities across more existing platforms.”
This seamless integration, which is based on the AvidConnect platform, allows for the automatic syncing of accounting codes, vendor data, invoices, and payments using a combination of QuickBooks Online, AvidInvoice, and AvidPay technology. By doing this, customers with complex needs—in particular, those who have outgrown their AP solution provider or processes—can save time by automating these vital AP tasks.
The fact that the entire automated process is conducted through a single cloud-based platform makes it more efficient than manual processes or writing paper checks to pay vendors. As a result, customers can gain more knowledge from each transaction, identify patterns, make additional payments, and more by having access to more transparency and insight into the payment data. Furthermore, due to its digital nature, customers can cut accounting expenses by doing away with the need to purchase envelopes, and postage, and make trips to the bank to pay vendors and other expenses.