Industries / Financial Services

AP Automation for Financial Services

The 24/7 accounts payable visibility you need for the results you want.

Power your business with AvidSuite for Financial Services and you can:

Fully automate the accounts payable process, integrated with accounting software built for banks and credit unions
Go paperless in the processing of invoices and payments
Customize workflows to streamline your AP process
Leverage Optical Character Recognition (OCR) for invoice capture and entry
Automate GL coding and workflows to ensure your data is accurate
Access files from anywhere at anytime through our cloud-based digital portal
Integrate with your core banking system, including Jack Henry, Symitar, CSI, FIS, Finastra and DCI
Work with a provider trusted by more than 1,700 financial institutions

Accounts Payable Automation and Financial Accounting Software for Banks and Credit Unions

AvidSuite for Financial Services is our end-to-end accounts payable automation featuring AvidAscend, our leading-edge financial accounting software for banks and credit unions. Our industry-specific solutions and expertise help financial institutions manage your expenses while maintaining transparency, accountability and regulatory compliance.

AvidAscend

Automated accounting solution

Manage accounts payable, invoices, prepaid and accruals, fixed assets, expense reports and more.

AvidPay

Bill payment automation

Enjoy savings in payment processing costs by eliminating paper checks.

Integrations tailored to your core platform

Frequently Asked Questions

How do you automate a bank or credit union’s accounts payable department?

With our solutions, like AvidAscend, the combination of software and services converts invoices into digital formats, organizes the invoices within the system, routes them for approvals and issues payments to suppliers once they are approved. Automating AP not only helps eliminate paper; it streamlines the process and provides 24/7 visibility into the status of invoices, approvals and payments.

Does AvidAscend connect to my existing software?

Yes, AvidAscend connects to your core system. AvidXchange has created hundreds of integrations between our AP automation software and widely used accounting and core systems, including many of the leading systems that service banks and credit unions, such as Correlation, CU Answers, CSI, DCI, FIS, Finastra, Fiserv, Jack Henry and MDT.

How long does it take to implement an accounts payable automation solution for my bank or credit union?

Our solutions, like AvidAscend, are user-friendly, flexible, and implemented through a superior customer onboarding process that takes 45 days or less to complete.

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