Electronic Business Bill Payment Solutions
Pay your vendors the way they want to be paid—electronically or by paper check—with this end-to-end solution, while eliminating the time and cost of printing and mailing paper checks yourself.
Electronic Business Bill Payment
Working with your current accounting system, our web-based solution ensures secure, timely payment of bills and invoices, while providing you with the ability to oversee the entire process.
The electronic payment system also creates a great experience for your vendors, featuring a dedicated team that works directly with them to keep payment data safe and verify accepted payment types.
A Cost-Effective Bill Payment System
AvidPay, powered by AvidXchange, is a paperless business bill payment solution built around the idea that handling payments should be simple and cost-effective. From the moment you select Pay to the moment of reconciliation, the AvidPay process is automated, optimized for your company, and can reduce payment processing costs by 60% or more.
Automated Payment Software That Works For You
We offer a fully-automated system that can be implemented in just 45 days, with minimal work on your end. Once the system is up and running, you simply select pay in your accounting system, and instead of printing a check, the payment will be routed to approvers based on your internal processes, debited from your company’s bank accounts to a trust account for security, and files will be sent back for reconciliation. Our veteran team will even work hand-in-hand with your vendors to ensure all payments are received.
With AvidPay, your approvers can use the same controls they do today, following the same rules for thresholds and double signature, to ensure completely valid and secure transactions.
We ensure fraud protection on 100% of your payments with “positive pay” files for each and every transaction.
Features and benefits
- Built-in payment controls that allow you to set the same rules your company currently has in place
- Transmit all payments securely in seconds
- Complete automation in 45 days, backed by the AvidXchange guarantee
- Integrates seamlessly with 42 of the world’s most popular accounting systems, including Oracle, sage, and SAP
- Works with all banks and can be tied into an unlimited number of bank accounts
- Eliminates the need to manage vendor payment data entirely
- Track payments from anywhere you have an Internet connection, 24/7
- Comprehensive support
Speak to a Relyco specialist today about the difference AvidPay can make in your accounts payable process.
We knew Relyco would provide a high-quality product delivered at a competitive price and meet our tight timeline. We’ve never considered looking elsewhere, but I’m sure we would be hard pressed to find another vendor who could do the same.Read MoreAssistant to the President and Chief Financial Officer, Cook Illinois Corporation