AvidXchange Partners with Workamajig for Seamless Invoice Management
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AvidXchange and Workamajig Form Strategic Partnership
AvidXchange, a leading provider of accounts payable (AP) automation software and payment solutions for middle-market businesses, has announced an exclusive partnership with Workamajig, a premier agency management software designed specifically for the creative industry.
Integration of Innovative Solutions
This collaboration positions AvidXchange as the exclusive embedded provider of invoice automation solutions within the Workamajig platform. Through this integration, the 3,500 customers of Workamajig will gain access to AvidXchange’s comprehensive invoice-to-payment automation tools. These tools will facilitate real-time updates and insights, streamlining the entire AP process for businesses operating within the creative sector.
Automation Reduces Costs and Enhances Productivity
The integration of AvidXchange’s services allows customers to transition from traditional paper-based invoice processes to automated workflows. This encompasses managing invoice intake, data capture, routing, approval, and securing payments to suppliers seamlessly. By eliminating labor-intensive tasks, companies can reduce financial costs and empower employees to focus on strategic initiatives.
Commitment to Efficiency and Growth
Dan Drees, President of AvidXchange, emphasized the company’s commitment to providing innovative solutions that enhance operational efficiency and drive growth. He stated, "Our exclusive partnership with Workamajig exemplifies this commitment, building on our current payment integration to provide media companies with necessary tools to navigate today’s challenges and thrive in a rapidly evolving business landscape."
User-Centric Integration Experience
Mike Wang, Executive Director at Workamajig, also voiced his enthusiasm about the partnership, highlighting the performance and usability of AvidXchange's integration. He noted, "This is a natural integration that simplifies the process of payables and receivables, making it easier for our users to manage their workflows. We are excited to share these advancements with our customer base."
The Importance of Flexibility in Today's Work Environment
With the growing need for hybrid work arrangements, the ability to access technological solutions from various locations is more critical than ever. The partnership aims to enhance not only the flexibility of operations but also the security of transactions, significantly minimizing the risk of fraud within the AP process. The combination of Workamajig’s built-in workflows and AvidXchange’s solutions helps businesses identify and resolve discrepancies faster, ultimately increasing accuracy and allowing organizations to focus on overarching goals related to customer satisfaction and operational efficiency.
Positive Customer Feedback
Anna Jordan, Controller at Ten Adams, a customer currently utilizing the AvidXchange and Workamajig integration, praised the system's impact on their operational processes. "Everything now works seamlessly together, making our workflows more efficient and allowing us to make payments faster. It’s not just about speeding things up; it’s given us more time to innovate and serve our clients better," she explained.
Overview of AvidXchange
AvidXchange is a recognized leader in the accounts payable automation sector, providing tailored software and payment solutions for middle-market businesses. The company's Software-as-a-Service (SaaS) model digitizes and streamlines AP workflows for over 8,000 purchasing clients, facilitating transactions for more than 1.2 million suppliers over the past five years. Moreover, AvidXchange, Inc. operates as a licensed money transmitter, complying with various state regulations for U.S. B2B payments.
Overview of Workamajig
Workamajig provides comprehensive solutions tailored to the creative industry's demands, enabling firms to optimize project management and collaboration effectively. The agency management software is trusted by leading organizations, ensuring resources, projects, and finances are handled efficiently.
Frequently Asked Questions
What is the main benefit of the AvidXchange and Workamajig partnership?
The partnership aims to provide media companies with automated invoice management solutions, streamlining accounts payable processes and enhancing efficiency.
How many customers does Workamajig serve?
Workamajig serves approximately 3,500 customers in the creative industry.
What type of software does AvidXchange offer?
AvidXchange provides accounts payable automation software and payment solutions tailored for middle-market businesses.
What does AvidXchange's integration with Workamajig accomplish?
The integration simplifies invoice management, enabling real-time updates and visibility for users, and enhances overall operational efficiency.
Who can benefit from the solutions provided by this partnership?
Media companies and creative agencies can benefit from the automated solutions provided by the AvidXchange and Workamajig partnership.
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