New CAM solution automates invoice ingestion, ledger coding, digital vendor payments
CINC Systems, the largest and most innovative technology partner in community association management (CAM) industry, announced the official launch of Payables+, the market’s most advanced accounts payable (AP) automation solution. Payables+ delivers a powerful combination of artificial intelligence, seamless invoice processing, and integrated electronic payments — all designed to streamline financial workflows, eliminate manual back-office bottlenecks, and minimize human errors and fraud.
Additionally, Payables+ offers its users the ability to generate incremental revenue with digital payment transactions. This enables community association management companies to transform accounts payable from a pure cost center into a high-margin revenue operation.
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With mounting expectations for operational efficiency in a competitive CAM market, Payables+ automated invoice ingestion, coding, and payments provides CAM companies the ability to grow without proportional increases in staffing. Consolidating AP automation, intelligence, and payment execution into one seamless experience, CINC Systems helps finance leaders refocus talent on higher value work.
Payables+ couples CINC’s proprietary Cephai+ AI functionality with electronic payment capabilities powered by AvidXchange, unifying invoice processing and vendor payments from start to finish on a single platform. Users have real-time visibility and can leverage automated workflows to strengthen accuracy, compliance, and minimize risk exposure.
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.”
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.”
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