AvidXchange and COCC Partner to Drive Accounts Payable Innovation for Financial Institutions

CHARLOTTE, N.C., - March 24, 2026 - AvidXchange, a leading provider of accounts payable (AP) automation software and payment solutions for mid-market businesses and their suppliers, today announced a strategic partnership with COCC, a premier provider of innovative fintech solutions for community banks and credit unions.

With this partnership, AvidXchange will bring its suite of AP automation and payment solutions to COCC's extensive network of financial institutions through a streamlined process. By transforming traditional, paper-based AP processes into streamlined digital workflows, COCC's customers can automate their invoice-to-pay process without disrupting existing workflows-resulting in greater efficiency, visibility, and control.

The partnership introduces COCC clients to a solution specifically designed to address the complex needs of financial institutions. Key features include:

- Intelligent Capture: Leverage OCR invoice capture to eliminate manual data entry.

- Customized Workflows: Automate GL allocation and multi-level approval routing to streamline your AP process.

- Comprehensive Modules: Access specialized tools for Fixed Assets, Purchase Requisitions, Prepaids & Accruals, and Expense Reporting.

- Payment Automation: Enable secure electronic payment options that replace paper checks, reducing fraud risk and processing costs.

"Community banks and credit unions shouldn't have to choose between speed, control, and security," said Michael Praeger, CEO and Co-Founder of AvidXchange. "Through our partnership with COCC, more institutions can give their AP teams a simpler path from invoice to payment - reducing manual work, improving visibility, and freeing staff to focus on the people and priorities that matter most."

By leveraging AvidXchange's AI-enhanced software, community banks and credit unions can achieve significant operational efficiency and cost savings. The transition to a single automated solution allows staff to move away from labor-intensive tasks and focus on high-value activities such as financial analysis and customer service.

"This partnership gives community banks and credit unions a smarter way to modernize accounts payable without adding complexity," said Elizabeth Caplan, SVP and Chief Transformation Officer at COCC. "By pairing proven automation with practical controls, institutions can reduce friction, improve visibility, and give their teams time back to focus on higher-priority initiatives."

For more information on the partnership, visit https://www.avidxchange.com/integrations/cocc/.

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About AvidXchange®
AvidXchange is a leading provider in accounts payable (AP) automation, offering intelligent AP software and payment solutions specifically designed for mid-market businesses and their suppliers. With 25 years of industry experience, AvidXchange modernizes the way businesses manage their expenses and payments by offering AI-enhanced software coupled with support from experts. Empowering over 8,500 growth-driven businesses, AvidXchange increases efficiency, control, and visibility in financial operations and has securely processed payments to more than 1.3 million suppliers through its proprietary payment network over the past five years. Additionally, AvidXchange is a licensed money transmitter for B2B payments in the United States, licensed as a Money Transmitter by the New York State Department of Financial Services, as well as all other states that require AvidXchange to have a license. For more information, visit avidxchange.com.

About COCC
Recognized in the 2024 ABA Core Platforms Survey, COCC continues to set the pace for core banking innovation and partnership. Learn more in the full ABA report.
COCC, a recognized leader in delivering innovative, comprehensive technology and partnerships, offers feature-rich, modern standards-based core and digital banking solutions, combining intuitive user experiences and APIs to streamline advanced fintech integrations. COCC clients leverage a complete suite of modern financial technology solutions. COCC has been client-owned for over 50 years, acting as a partner to clients with an unmatched focus on service to help community banks and credit unions meet their unique and ever-changing needs. To learn more, visit cocc.com.

Media Contact:
Alexis Riddick
Public Relations Manager
AvidXchange
[email protected]