AvidXchange announces partnership with AppFolio

AvidXchange (AVDX) announced its partnership with AppFolio (APPF), the technology leader powering the future of the real estate industry. This partnership will provide customers in the real estate industry with a simple, streamlined workflow for automated invoice processing, approvals, and payments. AppFolio’s integration with AvidXchange will ensure that invoice details and transactions are all easily recorded in the accounting system of record and that payment transaction data seamlessly passes to the AvidXchange payment solution for ease in automated payments. Additionally, invoice details, including invoice images, will be easily searchable in AppFolio, reducing the need to manage critical transaction records across two systems. “Given our 20+ year heritage in the real estate vertical, and not to mention our ability to go deep in the customer base of these partnerships, the AppFolio partnership underscores just how large and underpenetrated we believe the runway of opportunity still remains in just the real estate vertical,” said Michael Praeger, Chairman, Chief Executive Officer, and Co-Founder of AvidXchange.