AvidXchange expands global capabilities with launch of cross-border payments

AvidXchange announced the launch of cross-border payments. The embedded payment experience will be available first to Oracle NetSuite customers and accessible in AvidXchange’s newly launched SuiteApp within NetSuite’s SuiteCloud platform. With the AvidXchange SuiteApp, customers in the United States can pay both domestic and international suppliers without leaving NetSuite. Payments can be made from a USD bank account and currencies offered include AUD, CAD, EUR, GBP, INR, and MXN. Once cross-border vendors have been established, customers can automate exchange rate quotes for international bills and elect to process payments. "In today’s market, organizations want direct payment processes. AvidXchange’s domestic and international payment modules are both embedded in NetSuite, which means our customers never need to leave the system to make payments," said Michael Praeger, co-founder and chief executive officer of AvidXchange. "AvidXchange strives to provide a true end-to-end solution that saves our customers time without adding extra steps."