Why companies are choosing Finexio over AvidPay by AvidXchange

Multiple Options. White-Glove Service. Profitable Payments.

Finexio, a leading provider of Accounts Payable (AP) Payments as a Service, enables end-to-end business payment capabilities in mid-market and enterprise organizations. Finexio outperforms competitor guarantees by a landslide, delivering 2-3x average industry virtual card adoption rates. Finexio’s approach helps keep suppliers engaged, happy, and paid on time! Discover why Finexio is the leading alternative to AvidXchange's AvidPay.

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A trusted partner of some of the largest financial institutions, procurement, and accounts payable software.

What Makes Finexio Different?

When asked why they looking for an alternative to AvidXchange, customers often mentioned a staged approach to supplier outreach, fewer payment options, standard reporting, and a lack of revenue share.

Compare Finexio vs. AvidPay

AvidXchange has helped many large companies process AP payments, but businesses tell us when it’s time to raise the bar in both security and customer service, they move from AvidPay to Finexio.

Finexio

AvidPay

PAYMENT DELIVERY

Managed payment exceptions, disputes, and supplier communication

Automated & proactive checks & balances to ensure payment settlement

Immediately take advantage of modern electronic payments

Single integrated payment file from AP or ERP software

Independent from AP data access

Eliminates internal resource time for processing payments

Delivers 100% of your supplier payments

Match suppliers to the appropriate payment method

SUPPLIER MANGEMENT

Large supplier network with card issuer data sets for card acceptance

Industry-specific payment data for strategic payment optimization

Data-driven campaigns for ongoing supplier conversion to virtual card

All suppliers targeted and 100% of spend managed

Value of electronic payments communicated in context to supplier size and impact

PAYMENT FRAUD PREVENTION & SECURITY

Payment data is accurate and up to date

Clean supplier information to increase electronic conversion

SOC 2 Type 1 & 2 Certifications

Payment status visibility

Visibility & transparency into organizational, platform, network & database, & payment method security

Zero security breaches

Visibility into payment security measures including Account Validation Services (AVS), Know Your Customer (KYC), OFAC Sanctions Screening, & AML Compliance Transaction Monitoring

Bank account information securely collected, validated, encrypted and stored

REPORTING & ANALYTICS

Buyer & supplier web-based portals

Rich payment remittance data

Payments Audit Trail

Transparency of supplier data

Tools to analyze and report on supplier activity

MONETIZING AP PAYMENTS

Partner-specific model available

Virtual Card by Mail Program

Targets all supplier payments including the "long-tail"

Multi-channel supplier outreach

Strategic supplier enablement that builds trust with suppliers

Competitive client revenue share

Campaign-Driven Payments Optimization

Finexio continues ongoing management of supplier payment preferences and requirements, not just during onboarding.

Finexio educates suppliers on the benefits of electronic payments and virtual cards, and work with them on their preferred payment method.

Finexio communicates effectively and in a friendly approach, with all customers’ suppliers, no matter the size of their business.

Comprehensive Payment Options

Finexio offers virtual card, FinexioExpress, ACH, eChecks, paper checks and wire transfers as forms of payment.

Finexio analyzes the supplier payment history and data from our proprietary supplier network, along with our relationship with card suppliers, to identify and match the best method of payment to that vendor.

All payments are made with one single payment file.

Robust Reporting

Finexio has custom, dynamic reporting available 24/7/365 in one place.

Finexio's intuitive reporting interface includes complete payment lifecycle management, payment aging report, audit trail, with robust filtering, exportable data, and a supplier portal.

Receive More Revenue Share

Finexio is in business to help our customers and partners to gain a new stream of revenue for their business. We want to ensure you are generating revenue from existing accounts payable spend.

Finexio's unique approach to onboarding suppliers and ongoing supplier enablement delivers 2-3x average industry virtual card adoption rates.

Finexio is Here to Ensure Your Steps to Success

Unlock access to our unparalleled support services

Implementation Support

Our dedicated implementation team will guide you every step of the way for a seamless onboarding process. Our specialists are readily available to ensure we hit the ground running as a team.

Strategic Account Management

Your strategic account manager is your trusted payments partner. We’ll help you get onboarded, be your advocate, tune into your feedback, and be excited to share expert advice to best optimize your AP payments.

Customer Support
& Help Center

Receive fast, top-tier support and prompt responses to all payment inquiries or questions about the Finexio Portal and reporting. The Help Center includes FAQs and supporting articles to best assist you and your business.

“We chose Finexio not just for the revenue share, but for the ease of making payments and the security of those payments.”

-Stephen Krieger, CFO at ViCon Construction, LLC

What Makes Finexio Different?

Campaign Driven Payment Optimization

Comprehensive Payment Options

Robust NextGen Reporting

More Revenue Share

Compare Finexio vs. AvidPay

Finexio

AvidPay

PAYMENT DELIVERY

Managed payment exceptions, disputes, and supplier communication

Automated & proactive checks & balances to ensure payment settlement

Immediately take advantage of modern electronic payments

Single integrated payment file from AP or ERP software

Independent from AP data access

Eliminates internal resource time for processing payments

Delivers 100% of your supplier payments

Match suppliers to the appropriate payment method

SUPPLIER MANGEMENT

Large supplier network with card issuer data sets for card acceptance

Industry-specific payment data for strategic payment optimization

Data-driven campaigns for ongoing supplier conversion to virtual card

All suppliers targeted and 100% of spend managed

Value of electronic payments communicated in context to supplier size and impact

PAYMENT FRAUD PREVENTION & SECURITY

Payment data is accurate and up to date

Clean supplier information to increase electronic conversion

SOC 2 Type 1 & 2 Certifications

Payment status visibility

Visibility & transparency into organizational, platform, network & database, & payment method security

Zero security breaches

Visibility into payment security measures including Account Validation Services (AVS), Know Your Customer (KYC), OFAC Sanctions Screening, & AML Compliance Transaction Monitoring

Bank account information securely collected, validated, encrypted and stored

REPORTING & ANALYTICS

Buyer & supplier web-based portals

Rich payment remittance data

Payments Audit Trail

Transparency of supplier data

Tools to analyze and report on supplier activity

MONETIZING AP PAYMENTS

Partner-specific model available

Virtual Card by Mail Program

Targets all supplier payments including the "long-tail"

Multi-channel supplier outreach

Strategic supplier enablement that builds trust with suppliers

Competitive client revenue share

Campaign-Driven Payments Optimization

Comprehensive Payment Options

Robust Reporting

Receive More Revenue Share

Finexio is Here to Ensure Your Steps to Success

Implementation Support

Strategic Account Management

Customer Support& Help Center

“We chose Finexio not just for the revenue share, but for the ease of making payments and the security of those payments.”

Finexio: The Obvious Choice for Payments as a Service

Customer Support
& Help Center