AvidXchange, a U.S. fintech that provides accounts payable and automated payment solutions to midsize businesses, announced on Thursday it has formed a new partnership with HomeTrust Bank to bring Account payable automation and payment solutions payment solutions to treasury customers.
According to the duo, through a strategic referral partnership with AvidXchange, HomeTrust Bank may quickly provide customers access to AvidXchange’s AP automation and payments tools that address the many challenges of middle-market companies paying vendors. Speaking about the partnership, Michael Praeger, CEO and Co-Founder of AvidXchange, stated:
“Middle-market companies are demanding relief from manually processing paper invoices and paper checks. We are proud to partner with HomeTrust Bank in bringing automation and payment innovation to their large and growing treasury customer base. We also value our shared history of founding North Carolina companies that put customers first.”
Eric Edgison, SVP and Director of Treasury Services, HomeTrust Bank, then added:
“AvidXchange, with thousands of customers in the middle-market, is the acknowledged leader in AP automation and payments. This was an easy choice for us. Our treasury customers gain a solution that fundamentally improves the operations of their business, and we gain a fintech partner that is committed to our success.”
The partnership with HomeTrust Bank comes less than a month after AvidXchange announced 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.