AvidXchange, a U.S. fintech that provides accounts payable and automated payment solutions to midsize businesses, announced on Tuesday it has formed a multi-year partnership with Premier Community Bank to bring technology solutions to Homeowner Association (HOA) management customers.
According to AvidXchange, through the new partnership, Premier Community may now provide managers access to AvidXchange’s AP automation and payment tool that addresses the many challenges HOA management companies face in paying property vendors. Michael Praeger, CEO and Co-Founder of AvidXchange, stated:
“Management companies and board members face a daunting challenge of paying vendors securely and on time. We are proud to partner with Premier Community Bank to bring automation and payment innovation to their large and growing HOA customer base in central Florida. We value Premier Community’s focus on association services – an area where AvidXchange has been a true pioneer.”
AvidXchange also noted that through the partnership with Premier Community it gains a financial institution partner that has a reputation for a customer-focused approach to HOA management companies. James Bradley, EVP and Director of Association Services at Premier Community Bank, added:
“AvidXchange, with hundreds of HOA management companies as customers, is the acknowledged leader in AP automation and payments to associations. This was an easy choice for us. Our managers gain a solution that fundamentally improves the operations of their business, and we gain a HOA-industry software partner that is committed to our success.”