FIS Integrated Payables vs. AvidXchange

Integrated payables are transforming the accounts payable landscape, transitioning it from just a cost center to a potential revenue-generating asset. Despite this shift, many businesses continue to depend on checks for their transactions, which results in significant annual costs related to check processing. FIS Integrated Payables addresses this issue by converting these check disbursements into electronic payments, effectively reducing expenses while also lowering the risks associated with handling sensitive banking information and decreasing the need for paper documentation. Engaging in our virtual card rebate program can help you eliminate nearly all costs related to payment execution. Additionally, our vendor enrollment service simplifies the workload of your accounts payable department by automating the registration of vendors for electronic payments, thus further reducing the risks associated with maintaining bank account data and the hassle of managing physical records. By leveraging our virtual card initiative, you can benefit from monthly rebates without the complexities of tiers or thresholds, which significantly improves your financial efficiency. Overall, this innovative approach not only streamlines your accounts payable processes but also enhances their profitability, ensuring that your organization reaps the rewards of modern financial management practices.

AvidXchange revolutionizes payment processes for businesses, enabling them to concentrate on their core priorities. Our accounts payable (AP) solutions empower clients to enhance efficiency, transparency, and authority within their AP workflows. Enhance Efficiency: Expedite the approval of invoices and minimize administrative burdens, allowing team members to engage in more critical initiatives. Boost Transparency & Authority: Achieve immediate insights into the status of invoices and payments while crafting personalized workflows to align with your approval requirements. Access Anytime, Anywhere: Enhance productivity and eliminate delays by managing AP responsibilities around the clock. Moreover, AvidXchange, Inc. operates as a licensed money transmitter for B2B payments across the U.S., holding a Money Transmitter license from the New York State Department of Financial Services, along with other states necessitating such a license. This extensive regulatory compliance underscores our commitment to secure and reliable financial transactions.