Case Study: AvidXchange scales AP payments with Modern Treasury

AvidXchange scales payments for 8,000+ buyers and 1.2M suppliers with Modern Treasury

AvidXchange, a leading provider of accounts payable automation software, needed a reliable and scalable payment infrastructure to ensure operational continuity and handle high transaction volumes for its customers. Their challenge was to manage multiple bank integrations for redundancy and flexibility without the significant operational overhead of building and maintaining unique bank connections themselves. They partnered with Modern Treasury and utilized its Payments product via a single API to address this.

By implementing Modern Treasury's platform, AvidXchange gained bank redundancy, ensuring payments could be processed without disruption. The solution consolidated their payment workflows, improved overall system efficiency, and provided the agility to quickly add new bank connections and payment rails. This partnership allows AvidXchange to seamlessly support over 8,000 buyer customers and 1.2 million supplier customers through its AvidPay network. Modern Treasury provided the robust infrastructure necessary for AvidXchange to scale and continue meeting its clients' evolving needs.

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