AvidXchange is a comprehensive accounts payable and bill payment solution trusted by over 5,000 B2B companies across the United States. Created to eliminate paper invoices, automate lengthy payment processes, as well as reduce processing costs, this software is equipped with a full suite of tools as well as a highly configurable interface. With this, businesses from different industries ranging from real estate to finance can easily enjoy a personalized user experience that meshes well with their existing operational processes.
The platform currently consists of different modules that handle the different tasks involved in bill payments and accounts payable management: purchase order application, invoice application, and payment application. By leveraging these three functions, users can automate their purchase-to-pay process with electronic invoice capture, automated payments, and intelligent approvals. This can also minimize costs, boost productivity, and eliminate paper with ease.
Companies can expect the following benefits around automation, productivity and security from AvidXchange:
The vendor claims that, using AvidXchange, you can lower your AP and payment processing costs by 60% or more with automation. AP and payment automation eliminate the manual tasks associated with paper invoices and checks. Plus, you can automate your invoice capture, approval, and payment processes. You can also leverage early payment discounts by reducing your invoice approval timeframe to as little as 2 to 3 days. Likewise, audit costs can be reduced and audits simplified with complete audit trails using electronic data available anytime, anywhere.
Productivity and Scalability
Productivity and scalability are also distinct advantages of this system. You can streamline your AP and payment processes with automation, and eliminate repetitive and time-consuming tasks. Some of the processes you can streamline with the software include: opening and sorting invoices, manual data entry, waiting for interoffice mail or overnight courier for approvals, copying and scanning to archive, searching for lost or misplaced invoices, and fielding inquiry calls tasks. Automated AP and payment processing is fast, easy to implement and secures all invoice and payment data behind an advanced firewall. Most importantly, you and your team can spend more time growing the business and increasing profitability.
When it comes to paperless processing, the software can help eliminate 100% of paper checks and invoices. Processing paper invoices and checks is time-consuming, costly, and dated. You can change the way your company pays its bills by switching to an advanced paperless process. The vendor claims that AvidXchange’s customers have reduced their processing time by 700%, cut their processing costs in half, and tripled their output without adding employees.
24/7 Access and Security
Finally, the vendor guarantees 24/7 access and security. Security features include secure SSAE 16 Facility and backup procedures, 24/7 uptime, sophisticated disaster recovery procedures, and dedicated specialists to provide reliable support to your IT team.
Position of AvidXchange in our main categories:
AvidXchange is one of the 100
AvidXchange is also listed in the following subcategories:
|Accounts Payable Software||#22||Billing and Invoicing Software||#50|
|Accounts Payable Software||#22|
|Billing and Invoicing Software||#50|
Since each enterprise has particular business needs, it is prudent for them to abstain from seeking a one-size-fits-all ideal software system. Needless to say, it would be useless to try to find such a platform even among market-leading software platforms. The intelligent thing to do would be to jot down the various important aspects that require consideration such as key features, finances, skill levels of employees, company size etc. Then, you should do your homework thoroughly. Read some AvidXchange reviews and check out each of the other apps in your shortlist in detail. Such exhaustive research can make certain you discard ill-fitting platforms and zero in on the system that provides all the features you require for business success.
AvidXchange pricing is transaction-dependent and quote-based.
We realize that when you make a decision to buy Accounts Payable Software it’s important not only to see how experts evaluate it in their reviews, but also to find out if the real people and companies that buy it are actually satisfied with the product. That’s why we’ve created our behavior-based Customer Satisfaction Algorithm™ that gathers customer reviews, comments and AvidXchange reviews across a wide range of social media sites. The data is then presented in an easy to digest form showing how many people had positive and negative experience with AvidXchange. With that information at hand you should be equipped to make an informed buying decision that you won’t regret.
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AvidXchange pricing is transaction-dependent and quote-based.
AvidXchange integrates smoothly with more than 100 accounting systems including the following:
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