Case Study: Global Investment Firm achieves automated, secure payments and faster vendor payouts with AvidXchange

Global Financial Investment Company Turns to AvidXchange to Automate Payments

A global financial investment firm faced an abrupt shift to remote work during the pandemic while still relying on a paper-driven accounts payable process—printing and mailing roughly 150 checks a month. The loss of in-office workflows left the company without timely payment visibility, high manual labor and supply costs, and slower vendor payments, accelerating its decision to automate AP.

The firm implemented AvidXchange’s AvidPay (leveraging its existing AvidPay for NetSuite setup) to enable electronic payments, real-time payment tracking, customizable approval routing and same-day invoice approvals. The result: faster, more transparent vendor payments and happier vendors; significant time and cost savings from eliminating check printing and mailing; higher staff productivity; and stronger approval controls and security so nothing falls through the cracks.