AvidXchange

FastPay is a company that specializes in providing liquidity and payment solutions tailored for the global media industry. It has facilitated over $20 billion in loans and business-to-business payments since its inception. The company has developed a payment platform that automates the media payment process for various stakeholders, including agencies, advertisers, and suppliers. FastPay's services include a proprietary media database, media dashboards, and integration with accounting systems, which help clients manage payment follow-ups and relationships more effectively. By addressing inefficient payment processes and long payment terms, FastPay enhances operational efficiency for its clients in the media landscape.

AvidXchange, Inc. is a leading provider of accounts payable automation and payment solutions specifically designed for mid-sized companies in various sectors, including banking, construction, healthcare, hospitality, real estate, and technology. Founded in 2000 and headquartered in Charlotte, North Carolina, AvidXchange streamlines invoice and payment processes, processing over $140 billion in transactions annually through a network of more than 680,000 suppliers. The company's comprehensive software suite includes tools for purchase order management, invoice handling, payment processing, check printing, and utility bill management. With a workforce of approximately 1,500 employees and additional offices in several states, AvidXchange has established itself as a prominent player in the fintech space, transforming how approximately 6,000 customers across North America manage their accounts payable and payment workflows.

BankTEL Systems is a leading provider of financial accounting and cash management software tailored for financial institutions. With over 1,500 clients across all 50 states and several international locations, the company offers a comprehensive suite of services, including accounts payable, expense report reimbursement, purchase requisitions, remote scanning, vendor management, and shareholder management. By streamlining internal processes, BankTEL Systems enables institutions to reduce costs, enhance deposit growth, and automate their payment operations effectively.

Ariett is a provider of cloud-based procurement and accounts payable solutions that streamline financial processes for organizations. The platform facilitates savings on contracts, requisitions, invoices, payments, and expense reports, catering to the needs of diverse industries, including Software/Technology, Business Services, Non-Profit, Healthcare, and Education. Ariett’s user-friendly web application is accessible on both mobile devices and desktops, enhancing employee satisfaction. The system offers accounting teams enhanced purchasing control, comprehensive visibility into spending, and detailed audit trails, which collectively foster cost savings across enterprises. In addition to its core features, Ariett provides services such as purchase orders, contract tracking, and expense reporting, all while ensuring seamless integration with leading accounting systems. With over 2,200 customers, Ariett is committed to helping organizations effectively manage their spending through an end-to-end purchase-to-payment solution.

Omnidek is an enterprise smart data content management platform that enables businesses of any size to create corporate forms, portals, workflows, and analytics within a unified mobile and web interface. The platform streamlines business process management by eliminating the need for paper, files, folders, and spreadsheets, thereby reducing administrative burdens. It features a chat-style inbox that enhances integrated workflows, allowing for efficient communication and collaboration among team members. By consolidating third-party applications, Omnidek simplifies the rollout of technology across enterprises, facilitating data-driven decision-making and improving overall operational efficiency.

Strongroom Solutions, Inc. offers Software-as-a-Service accounts payable software specifically designed for small and midsize businesses in the United States. Founded in 2003 and based in Houston, Texas, the company provides a range of products, including Strongroom Payables Lockbox, which features invoice processing, approval automation, payment disbursement, and robust reporting capabilities. Its solutions are integrated with bank payment services and treasury management systems, catering to various industries such as accounting, healthcare, insurance, property management, and non-profits. Strongroom Solutions operates as a subsidiary of AvidXchange, Inc. and aims to enhance real-time, secure invoice management and approvals for its clients through its innovative technology.

Piracle is a provider of payment management solutions designed to enhance safety, simplicity, and security for businesses. The company develops software that offers a range of services, including self-managed payments, payment automation, check printing, electronic ACH payments, and invoice solutions. Additionally, Piracle provides integrations with NetSuite and offers loan management software. By focusing on cutting-edge products, Piracle aims to help customers reduce expenses and minimize the risk of fraud in their payment processes.