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 software solutions designed specifically for financial institutions. With a client base of over 1,500 organizations across all 50 states and several international locations, the company offers a comprehensive suite of services that includes accounts payable, expense report reimbursement, purchase requisitions, remote scanning, vendor management, and shareholder management. These solutions enable financial institutions to streamline their internal processes, reduce operational costs, and enhance deposit growth. By focusing on automation and efficiency, BankTEL Systems supports its clients in optimizing their financial management practices.

Ariett is a provider of cloud-based procurement and accounts payable solutions that streamline the purchasing and payment processes for organizations. Its platform is designed to enhance user experience, allowing employees to manage contracts, requisitions, invoices, payments, and expense reports easily through any mobile device or desktop. Ariett's offerings include applications for purchase orders, invoice management, payment processing, contract tracking, and expense reporting, all of which contribute to improved financial oversight. The company serves over 2,200 clients across various sectors, including software and technology, business services, non-profit organizations, healthcare, and education. By providing upfront purchasing control and global visibility into spending, Ariett enables organizations to drive cost savings and maintain comprehensive audit trails, facilitating better management of expenditures through an integrated purchase-to-payment solution.

Omnidek is an enterprise smart data content management platform that provides businesses of all sizes with tools to create corporate forms, portals, workflows, and analytics within a unified mobile and web interface. The platform aims to streamline operations by eliminating the need for paper, files, and spreadsheets, thereby enhancing efficiency and organization. It features a chat-style inbox that integrates messaging with workflows, simplifying communication and collaboration among teams. By consolidating third-party applications, Omnidek offers an ecosystem that facilitates the seamless rollout of technology across organizations, enabling data-driven decision-making and smart insights for improved business processes.

Strongroom Solutions, Inc. is a provider of Software-as-a-Service accounts payable software tailored for small and midsize businesses in the United States. Founded in 2003 and based in Houston, Texas, the company offers a range of solutions, including Strongroom Payables Lockbox, which encompasses features such as invoice processing, approval automation, payment disbursement, and system integration. Strongroom Solutions serves various sectors, including accounting firms, medical practices, dental offices, insurance companies, commercial property management, restaurants, non-profits, and financial institutions. The company's offerings are delivered through financial institutions, capitalizing on the trend of banks integrating accounts payable products into their treasury management services. As of June 2015, Strongroom Solutions operates as a subsidiary of AvidXchange, Inc.

Piracle is a technology company specializing in payment management solutions. It offers a range of products designed to enhance business safety, simplicity, and security, including self-managed payments, payment automation, check printing software, electronic ACH payments, NetSuite solutions, invoice management, and loan management software. These solutions aim to reduce operational expenses and mitigate fraud risks for its clients.