Two of our valued partners yesterday announced a strategic partnership that will allow Billtrust’s invoice-to-cash users to take advantage of AvidXchange’s suite of AP and payments automation solutions.

“Automation of key financial processes has become essential due to the considerable impact on improving working capital. AvidXchange represents the newest addition in our comprehensive suite of innovative Payment Cycle Management solutions,” said Flint Lane, CEO of Billtrust. “With this partnership, Billtrust brings the same standard of automation expertise to AP functions we have done successfully with our clients in the AR space.”

The companies also announced the launch of an educational initiative for Billtrust customers to learn more about AvidXchange offerings.

“We are looking forward to helping Billtrust customers optimize their payables processes with our AP and Payment Automation solutions, and realize the time and monetary savings, as well as put themselves in a position to scale for growth,” said Michael Praeger, CEO and Co-Founder of AvidXchange.