AvidXchange and Vantaca renew partnership to create end-to-end spend management platform for HOAs
AvidXchange, the leading provider of accounts payable (AP) and payment automation solutions for the middle market, today announced a renewed partnership with Vantaca, a leading accounting system designed specifically to meet the complex needs of community association managers, accounting teams, board members and homeowners.
Initially formed in 2019, AvidXchange and Vantaca’s strategic partnership serves customers and homeowner associations (HOAs) looking to transform the way they pay bills by seamlessly integrating AvidXchange Strongroom with Vantaca’s accounting system through a flexible API connection. AvidXchange Strongroom enables real-time data sharing and cross-platform visibility with Vantaca’s accounting system in a single solution, helping community management companies manage financial operations easily and efficiently by simplifying downstream communications with HOA boards and increasing control over the entire AP process from purchase order to payment.
“Renewing our partnership with fellow innovator and industry disruptor, Vantaca was an easy decision for us this year as we look to help more HOA companies remove the paper from their payments,” said Tyler Gill, Vice President of Homeowner Associations at AvidXchange. “We’ve seen the immense value our married SaaS platforms offer to customers to help companies grow portfolios by streamlining AP processes all around.”
“Not only does our partnership with AvidXchange help us best serve our customers, but it also supports our mission to help the community association management industry run smarter and better,” said Ben Currin, CEO of Vantaca. “What truly drives our ambition is the mindset of engaging and empowering clients and making their lives simpler with technology, which is what our innovative integration continues to deliver on.”
AvidXchange Strongroom is a complete AP and payment automation solution purpose-built for community association management. AvidXchange Strongroom delivers paperless invoice-to-pay processes so management companies can streamline approvals, reduce processing costs and increase visibility for board members.