The Evolution of Payments

Past, Present & Future

Whether you’re ready or

not, the world of payments

is

CHANGING.

BUT first, let’s

take a trip down

memory lane.

The concept of a

credit card was

first discussed

1887

Electric money was born1918

The first bank

card was used

1946

American Express joins

the credit card industry1958

The first networked

ATM emerges1968

ACH emerges1972

First online B2B transaction

occurred1981

Mastercard introduces

the virtual credit card2009

So now that we’ve

covered

THE HISTORY

Let’s take a look at

WHAT IS GOING ON TODAY

In the U.S. in 2012,there were an

estimated 122.8 B

non-cash payments

Here’s what the

Distributionlooks like

That’s a lot of electronic payments

Businesses used to

think their vendors

wouldn’t accept

ePayments…

Not anymore.

*2013 ePayments Survey, The Association of Financial Professionals

So how can your

business adoptthese best practices?

Who We Are

is the industry leader in accounts

payable automation designed to make the lives of

finance professionals easier and more efficient.

Nearly 5000 customers in the United States, Australia

and Canada use AvidXchange’s software and award

winning services and support to streamline their AP

process – without losing the control and visibility.

Integrated Platform: All the Tools You Need in One Place

Electronic Invoice

Data CaptureInvoice Approval

WorkflowsInvoice and

Payment Reporting

Accounting System

Integration

Utility Bill

Management &

Reporting

Automated Bill

Payment

This

Is What Happens

When You Use

AvidXchange.

Reduced Costs

60%Reduced invoice and payment

processing costs by eliminating

hard and soft costs such as

paper, postage, and labor.

More Time

25 DaysBack in your life since AvidXchange

clients process invoices at an average

of 3 days compared to the industry

average of 28 days.

More Visibility

24/7Real-time visibility into the status of

your invoices and payments. And you

know what that means? Better cash

flow management.

Automation

Is The

Future of

Accounts Payable.

Are you ready to see how we can

TRANSFORMyour accounts payable process?

Schedule a Demo