Construction Industry to Boost Efficiency with New Payment Automation Solution

By CIOReview | Friday, August 14, 2015
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CHARLOTTE, N.C:  AvidXchange and Viewpoint have formed a strategic partnership to deliver clients a best-in-class payment automation solution with a strong integration to Viewpoint’s ERP solutions, Vista and ProContractor.

AvidXchange, a provider of accounts payable automation solutions for midsize companies have joined forces with ViewPoint, a provider of innovative construction-specific software solutions to global construction and capital project industries to revolutionize the payment automation solution in the construction industry.

According Henry Ferguson, Director of Business Development: OEM/Partners with ViewPoint, “With AP payments now being made in one process regardless of type (Check, EFT, virtual card), we are expecting Viewpoint customers to beat the 60 percent average reduction in the costs associated with processing payments. This is a significant opportunity to improve efficiencies, reduce processing costs and save precious staff time”.

The companies will be conducting joint webinars and conferences for the purpose promoting their product and provide client education. Since all AvidXchange solutions is delivered with 45-day implementation guarantee, ViewPoint customers can rely on fast and easy installation. Such an approach is believed to be far more expedient than the traditional 6 to 9 months of time required for back-end payment solution.