AvidXchange, a U.S. fintech that provides accounts payable and automated payment solutions to midsize businesses, announced on Monday it has formed a partnership with ClickPay, a provider of comprehensive electronic payment solutions for the multifamily, HOA, condominium and co-op segments of real estate industry, to help accelerate payment processes in the real estate market.
AvidXchange reported that through this partnership, real estate businesses will now have access to the most innovative real estate payment solutions to improve cash management. The partnership also offers the following benefits:
- The opportunity to optimize spend management with accounts receivable and accounts payable solution to drive productivity
- The ability to leverage change management resources to expand the business further, resulting in reduced operating costs and improved cash flow
- The advantage of gaining access to ClickPay and AvidXchange’s in-depth knowledge of operations, technology , security, and passion for customer service
Speaking about the partnership, Michael Praeger, CEO and Co-Founder of AvidXchange, stated:
“AvidXchange is thrilled about the opportunity to extend and offer our network of more than 400,000 registered suppliers to the real estate market by formalizing our partnership with ClickPay. As technology continues to evolve, solutions available within the real estate market enable companies to gain better control of spend; resulting in greater accuracy in forecasting and budgeting.”
Tom Kiernan, CEO and Co-Founder of ClickPay, added:
“ClickPay is excited to deepen our relationship with AvidXchange to offer Property Managers the most innovative products and services for gaining clarity into their cash management operations. Founded on shared values of payment innovation, client centricity, and data security, ClickPay and AvidXchange are a natural fit for enabling Property Managers to drive efficiencies across spend and information technology.”
