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CHARLOTTE, N.C., July 19, 2022 (GLOBE NEWSWIRE) — AvidXchange Holdings, Inc. (Nasdaq: AVDX), a number one supplier of accounts payable (AP) automation software program and cost options for center market companies and their suppliers, immediately introduced a referral partnership with Member Pushed Applied sciences (MDT), a credit score union service group. MDT hosts the Episys® core platform from Symitar® to offer a non-public cloud various for core processing and IT wants.
This partnership will assist promote AvidAscend, a best-in-class invoice-to-pay software program resolution, to MDT’s 100+ credit score union purchasers. AvidAscend seamlessly integrates with the Symitar Episys® platform hosted by MDT, permitting customers to avoid wasting time and prices by transitioning from antiquated paper-based methods to streamlining the AP course of by way of one automated, cloud-based resolution. Moreover, automating these processes offers a extra organized strategy to AP duties by permitting the platform to deal with a number of the typical duties of the division, in addition to extra visibility and management over excellent invoices, offering back-office professionals extra time to give attention to bringing strategic worth to the group.
“In the course of the pandemic, our AP division confronted challenges in transitioning to distant work on account of handbook processes, so we regarded to implement a contemporary, extra automated accounts payable system that workers might function from anyplace,” mentioned Tammy Bengel, Chief Monetary Officer of Portland Federal Credit score Union. “By leveraging AvidAscend via our partnership with MDT, we’re in a position to hold a detailed pulse on the standing of invoices and enhance accountability via frequent automated reminders and higher transparency of our accounts. The convenience of use of the know-how has improved each our workers’ expertise and supplied a extra streamlined, environment friendly vendor expertise as properly.”
“Within the aggressive monetary companies panorama, credit score unions should regularly consider their enterprise fashions, figuring out the place they’ll streamline processes to extend efficiencies and optimize workers’ time,” mentioned Larry Nichols, Chief Govt Officer and President of MDT. “Partnering with AvidXchange is offering our credit score union purchasers with the know-how they should considerably enhance the accounts payable course of, decreasing prices and empowering workers to conduct enterprise anyplace, no matter circumstances. Plus, it helps improve safety, a high precedence at MDT and for our purchasers.”
“At AvidXchange, we’re all the time energized by a brand new partnership and serving to their prospects remodel the best way they obtain, handle and pay their payments,” mentioned Boyce Adams Jr, Senior Vice President of Progress at AvidXchange. “This new providing with MDT will hopefully make life simpler for credit score union professionals as they’re going through many business-altering challenges immediately like cybersecurity threats and staffing points; paying their distributors appropriately and on-time must be the least of their worries proper now, that is why we’re bringing our resolution to the desk to assist.”
To study extra, go to: https://www.avidxchange.com/merchandise/avidascend/ or https://www.mdtmi.com/about-mdt/.
About Member Pushed Applied sciences
Member Pushed Applied sciences (MDT) offers a non-public cloud various for core processing and IT wants. The CUSO hosts the Episys® core platform from Symitar®, in addition to dozens of seamlessly built-in options and supporting companies to assist run all the establishment, equivalent to digital banking, funds, lending, cybersecurity and imaging. Rounding out its complete suite, MDT additionally affords enterprise continuity, catastrophe restoration and regulatory options in addition to consulting, knowledge analytics, e-mail internet hosting and {hardware} buying companies. By partnering with MDT, credit score unions throughout the nation are boosting efficiencies, enhancing safety and decreasing prices whereas sustaining a excessive degree of management. Go to mdtmi.com or observe @memberdriven for extra info.
About AvidXchange™
AvidXchange is a number one supplier of accounts payable (“AP”) automation software program and cost options for center market companies and their suppliers. AvidXchange’s software-as-a-service-based, end-to-end software program and cost platform digitizes and automates the AP workflows for greater than 8,00zero companies and it has made funds to greater than 825,00zero provider prospects of its patrons over the previous 5 years. To study extra about how AvidXchange is reworking the best way corporations pay their payments, go to www.AvidXchange.com.
Ahead-Trying Statements
This press launch could comprise “forward-looking statements” inside the which means of the U.S. Non-public Securities Litigation Reform Act of 1995. On this context, forward-looking statements typically relate to future occasions or our future monetary or working efficiency and sometimes comprise phrases equivalent to: “anticipate,” “intend,” “plan,” “objective,” “search,” “consider,” “mission,” “estimate,” “count on,” “future,” “doubtless,” “could,” “ought to,” “will” and comparable phrases and phrases indicating future outcomes. The data introduced on this press launch associated to our expectations of future efficiency, in addition to different statements that aren’t purely statements of historic reality, are forward-looking in nature. These forward-looking statements are made on the idea of administration’s present expectations, assumptions, estimates and projections and are topic to vital dangers and uncertainties that might trigger precise outcomes to vary materially from these anticipated in such forward-looking statements. We due to this fact can not assure future outcomes, efficiency or achievements.
Elements which might trigger precise outcomes or results to vary materially from these mirrored in forward-looking statements embody, however aren’t restricted to, the danger components and different cautionary statements described, every now and then, in AvidXchange’s filings with the Securities and Change Fee (“SEC”), together with, with out limitation, AvidXchange’s Annual Report on Kind 10-Ok and different paperwork filed with the SEC, which can be obtained on the investor relations part of our web site (https://ir.avidxchange.com/) and on the SEC web site at www.sec.gov. Any forward-looking statements made by us on this press launch are based mostly solely on info presently obtainable to us and converse solely as of the date they’re made, and we assume no obligation to replace any of those statements in gentle of recent info, future occasions or in any other case until required beneath the federal securities legal guidelines.
Contact
Olivia Sorrells
osorrells@avidxchange.com
980-643-7889
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