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AVIDXCHANGE BUYS TIMBERSCAN MAKER Featured

AvidXchange has acquired Core Associates, which makes TimberScan, which automates payments for the construction market. Terms were not disclosed.

TimberScan serves users of Sage 300 CRE (formerly Timberline), Sage 100 Contractor, Acumatica and Sage Intacct Construction applications. Other TimberScan products include TimberScan Go, a mobile app, TimberSync, which transfers Timberline data into TimberScan’s SQL database, and AIM, a document management system that works with Sage 300. According to AvidXchange, “By integrating TimberScan with AvidPay, customers will benefit from fully automated processes from procurement through payment in a single solution, enabling greater efficiency and visibility coupled with the ability to approve invoices and payments from anywhere, at any time.”

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