Avidxchange Cashflow Manager Login (2024)

FAQs

Why did I receive a check from AvidXchange? ›

If you received a check from us in the mail, you may be wondering, “Why did I get a check from AvidXchange?” The short answer is that a company you do business with uses AvidXchange to issue payments on its behalf.

For more information, contact us at 800.560. 9305 or info@AvidXchange.com. KeyCorp (NYSE: KEY) was organized more than 160 years ago and is headquartered in Cleveland, Ohio. One of the nation's largest bank-based financial services companies, Key has assets of approximately $94.6 billion.

Visit https://www.avidxchange.com/supplier-care, select 'Payment question' and then 'Change my payment method' from the dropdown menus.

AvidXchange's own enhanced direct-deposit option, AvidPay Direct, allows suppliers to receive electronic payments and enhanced remittance information for payments from customers.

A legitimate check features the issuing bank's logo on the front. If there's no bank logo on a check you've received, it's likely to be a fake. If there is a logo, check it against the bank's logo on its website to ensure it's identical. The quality of the printing counts, too.

A disbursem*nt check is a payment from a business account. The checks can cover payroll expenses, workers' salaries, dividends, payments to suppliers, vendors, and contractors, as well as other business-related expenses. Recipients can cash or deposit disbursem*nt checks as they would a regular check.

You can accept ACH payments through a bank or by using an ACH payment processing software. A list of online payment methods include AvidXchange's own enhanced direct-deposit option, AvidPay Direct. Suppliers can receive payments within three business days of payment approval.

AvidXchange charges fees on a per transaction basis for each electronic payment Supplier receives through AvidPay Direct.

What is an avid payment? ›

AvidPay, the platform's bill payment software, allows users to make 100 percent of their payments electronically, completely eliminating the need for paper-based processing. With AvidPay, you can streamline your payment process while maintaining your current system of record.

AvidXchange helps reduce the manual, paper-based effort required for processing invoices and payments and allows companies to pay bills with a few simple clicks or keystrokes – anytime, from anywhere.

AvidXchange Holdings is not owned by hedge funds. The company's largest shareholder is The Vanguard Group, Inc., with ownership of 7.3%. Bain Capital, LP is the second largest shareholder owning 7.0% of common stock, and Michael Praeger holds about 6.9% of the company stock.

AvidXchange makes money by charging license fees for its software.

AvidXchange is among the top payment processing companies thanks to its vast supplier network. With this end-to-end solution, users can automate their entire accounts payable process, getting their suppliers paid quickly and according to their preferences.

In a major transaction, such as buying a boat or a home, a cashier's check assures the payee that the funds are there because the check is backed by the bank's funds, so there is no risk of the check bouncing.

Locate the name of the issuing bank on the front of the check. If you can't find the name of the bank, you can contact the account holder to ask for the name of his or her bank. Visit the bank's website.

Unsolicited loans: Live checks are sent to you without your permission. Lenders pre-screen customers they consider eligible and then mail them the live check in hopes that they will deposit it. Unclear terms: It can be easy to miss the loan terms on the live check.

Manual checks are processed to issue payment to employees when paperwork was received too late to be included in the regular monthly payroll processing. Manual checks are also processed when pay record changes or corrections are made, or when a termination (or final) pay is processed.