Chronicle Journal: Finance

Netintegrity and AvidXchange Strengthen Partnership to Provide Property Managers with Complete Accounts Payable Invoice Automation

Netintegrity, an industry leading SaaS provider for mid to enterprise property management companies across North America, is moving into its sixth year of partnership with AvidXchange.

TORONTO, ON, July 31, 2020 /24-7PressRelease/ -- Netintegrity, an industry leading SaaS provider for mid to enterprise property management companies across North America, is moving into its sixth year of partnership with AvidXchange, a leading provider of accounts payable (AP) and payment automation solutions for the middle market. The successful collaboration between the two organizations has resulted in multiple clients spanning over 1,000 properties in the condominium, commercial and residential space.

The partnership between AvidXchange and Netintegrity increases efficiencies in the INFO-Tracker suite by streamlining invoice generation, processing, approval and payment.

"As many property management organizations are in a constant state of customer acquisition, INFO-Tracker is designed with the scalability in mind to facilitate management of growing portfolios leveraging the same resources they currently operate with," said Mitchell Vinnitsky, Director of Sales & Marketing, Netintegrity. "The more automation embedded into INFO-Tracker's AP modules, the less probability for errors or late payments. The system also automatically generates invoice batches based on the specified due dates, ensuring payments are always processed on time."

"Integrating AvidXchange's A/P invoice import into INFO-Tracker's A/P module streamlines the speed and ease which invoices travel through the automated invoice workflow," said Vinnitsky. "The impact of this efficiency to organizations ultimately minimizes repetitive data and manual intensive paperwork that dominates time, giving property management teams more time to do what they do best, manage their communities."

In addition to invoice creation, INFO-Tracker automates the invoice to payment process with the added efficiency of ACH/EFT batch payments, which enables users to issue invoice payments en-masse. The tool gives accounting teams a fast and accurate alternative to individual check payments by enabling users to effectively disperse payments across their entire network of vendors in just one click of a button.

"AvidXchange is committed to transforming the way companies pay their bills, and we value our partnerships because they allow more companies to streamline their AP and payments processes," said Dan Yacker, Vice President of Strategic Partnerships and Alliances at AvidXchange. "Our continued partnership with NetIntegrity helps customers in the real estate space to spend more time focusing on what's important to their business rather than pushing paperwork."

By deepening the existing partnership, AvidXchange and Netintegrity will continue to offer an enhanced automated AP experience from the initial point of invoice entry, to INFO-Tracker batch payments, and finally automated remittance addresses.

About Netintegrity Inc.
For over 20 years, Netintegrity has been assisting leading property management companies in optimizing their businesses. Netintegrity's INFO-Tracker™ incorporates industry sector-specific tools for both frontline staff and management, and is the solution of choice for many North American organizations, based on automated features, cost, ease-of-use and flexibility. Netintegrity delivers superior implementation services, including training and customer support, and incorporates customer feedback into research and development -- ensuring its technology reflects the needs of today's property management companies. For more information, visit: www.netintegrity.net.

About AvidXchange:
AvidXchange is the industry leader in automating invoice and payment processes for mid-market businesses. Founded in the year 2000,  AvidXchange processes over $140 billion transactions annually across its network of more than 600,000 suppliers, transforming the way 6,000 customers in North America pay their bills. AvidXchange is distinguished as a global fintech unicorn and one of the fastest growing technology companies in the U.S. with 1,500 employees supporting customers across seven office locations. For more information, visit www.AvidXchange.com.

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