Case Study: BankAtlantic achieves streamlined AP approvals, increased control and visibility with AvidXchange

AP Automation Streamlines Approval Processes While Increasing Control & Visibility

BankAtlantic, a Florida community bank, was burdened by a paper-based accounts payable process: mailed invoices were sorted and routed to 40–50 managers across seven locations, often misdirected or lacking clear approvals, with manual data entry and an imaging system that didn’t integrate with AP or ACH—resulting in slow cycles, poor visibility and high administrative overhead.

They implemented AvidInvoice (AvidXchange) to automate invoice capture, approvals and integration with AP/ACH, creating a full electronic audit trail and “no-touch” intelligent workflows that route invoices and enforce authorization limits. The bank gained 360° visibility into invoice status, cut turnaround from weeks to days, reduced paper, storage and staffing needs, and significantly improved control, visibility and processing costs.

BankAtlantic

David Friedman

Controller