Accounting software firm Banktel, which was acquired by automated payments provider AvidXchange in October, has announced that it has launched its first AvidPay customer, Nashville-based Studio Bank. The solution gives the bank’s clients access to the AvidPay Network, of more than 500,000 suppliers, to complete the accounts payable (AP) process with electronic payments.

The AvidPay Network was designed by AvidXchange to help suppliers transition to e-payment options such as virtual card, increasing security and control over payments while eliminating the need to print and send paper cheques.