AvidAscend is a web-based accounting suite tailored for banks and credit unions, integrating seamlessly with core accounting systems to automate accounts payable and financial workflows. It streamlines invoice processing, vendor payments, fixed assets management, expense reporting, and more, reducing manual tasks and errors. With features like automated approval workflows, intelligent document processing, and compliance checks, AvidAscend enhances operational efficiency and ensures regulatory adherence, making it ideal for financial institutions seeking to modernize their financial operations.

Features:

• Automated accounts payable processing with customizable approval workflows
• Intelligent Document Processing (IDP) for accurate invoice data capture
• Integration with core banking systems such as Jack Henry, Symitar, CSI, FIS, Finastra, and DCI
• Automatic OFAC checks on new vendors and with every payment issued
• Cloud-based data storage for secure, anytime access
• Modules for fixed assets, prepaids and accruals, expense reports, and purchase requisitions