AvidXchange is unveiling an application programming interface (API) integration with Blackbaud Financial Edge NXT®, a cloud fund accounting solution designed specifically to meet the unique compliance needs of social good entities such as health care, education and nonprofit organizations.
This seamless integration built on the AvidConnect platform enables automatic syncing of GL codes, vendor lists, invoices and payments between AvidSuite, which includes AvidInvoice and AvidPay, and Blackbaud Financial Edge NXT. Because of this, businesses and organizations can incorporate a more efficient and secure way to process invoices and make payments.
Furthermore, by automating the AP process via one centralized platform, customers can experience time and cost savings, as well as heightened security against fraud, as they rely less on completing these tasks manually and leverage electronic payments rather than legacy paper check and mail services.
Page Bullington, VP of Global Alliances at Blackbaud, says the company is looking forward to bringing the new innovation to its Financial Edge NXT customers. “Our goal is to simplify workflows to enable our customers to be more efficient and effective, and this technology will do just that.”
Traci Capraro, Business Line Executive for Emerging Markets at AvidXchange, says the broadening partnership with Blackbaud will help solve the complex problems its mutual customers are facing by providing a seamless solution for automating their many invoices and payments. “By automating mundane manual AP tasks for companies in the industries that Blackbaud serves, their staff can work on more rewarding work which can have a positive impact on employee retention.”
Dan Drees, Chief Growth Officer of AvidXchange, says the new API centric platform will enable higher reliability, faster syncs and easier connections that give CFOs and AP professionals the real-time data they need to run their business in our digital world.
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