CINC Systems, the leading technology partner for community association management (CAM), has unveiled Payables+, an advanced accounts payable automation solution that integrates artificial intelligence, seamless invoice processing, and electronic payments. Built in partnership with AvidXchange, Payables+ streamlines financial workflows, reduces manual errors and fraud risks, and enables CAM companies to generate revenue from digital transactions—transforming AP from a cost center into a profit driver.
Quick Intel
Payables+ represents a major advancement in accounts payable automation tailored to the unique needs of the community association management industry. By leveraging AI and integrated payments, the solution addresses common pain points such as time-consuming manual coding, check processing, and error-prone workflows that hinder efficiency in a competitive market.
The platform uses CINC's proprietary Cephai+ AI to automate invoice ingestion and intelligent coding, while AvidXchange powers secure, electronic payment execution. This unified approach provides finance leaders with complete visibility, automated approvals, and strengthened controls from invoice receipt through final payment.
Bryan Chan, who uses Payables+ at Neighborhood Community Management, said about the product, "Payables+ seamless integration with the rest of CINC's software platform and AvidXchange's industry leading payments platform means end-to-end workflow benefits. We used to review and code each of our invoices manually and then send checks to vendors. Now all we do is verify that each invoice has been coded accurately and pay our vendors electronically with a click of a button, saving us so much time."
In addition to operational efficiencies, Payables+ introduces a revenue-generating model through transaction-based digital payments. This feature helps CAM companies offset costs and create new margin opportunities in an industry where financial precision and scalability are increasingly critical.
"CINC Systems' CEO Ryan Davis added about the new product, "Payables+ addresses our clients' most frequent AI use case- paying vendors efficiently and safely every day. We're already seeing enormous client interest in Payables+ based on the product's operational benefits and attractive economics for both top- and bottom-lines.""
The launch aligns with growing demand for AI-enhanced tools that support growth without added overhead. Payables+ empowers management companies serving diverse community types—from condominiums and single-family homes to high-rises—to deliver better service while improving financial outcomes.
CINC Systems invites industry professionals to register for a webinar on Thursday, March 12th from 2PM to 3PM EST to explore Payables+ in detail.
About CINC Systems
Since 2005, CINC Systems has been the largest and most innovative technology partner to community association management companies, powering more than 50,000 communities and more than 6 million doors. Its single, integrated, AI-powered platform unifies accounting, banking, operations, and resident engagement across all community types—from single-family homes and condominiums to high-rises and lifestyle communities. Backed by Hg Capital and Spectrum Equity, CINC empowers management companies to deliver exceptional service and stronger financial outcomes. For more information, visit www.cincsystems.com.
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.
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