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AvidXchange REVIEW

Accounts Payable Software

No user reviews
USER SATISFACTION 98%
OUR SCORE 8.5

What is AvidXchange?

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.

Overview of AvidXchange Benefits

Companies can expect the following benefits around automation, productivity and security from AvidXchange:

Cost-Saving Automation

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.

Paperless Invoicing

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.

Overview of AvidXchange Features

  • Spend Management
  • Purchase Order Application
  • Billing Services
  • Invoice Application
  • Payment Application
  • Pay Services
  • Supplier Portal
  • Invoice Accelerator
  • Bank Reconciliation
  • Accounts Receivable
  • Accounts Payable
  • General Ledger
  • Cash Management

AvidXchange Position In Our Categories

Position of AvidXchange in our main categories:

100

AvidXchange is one of the top 100 Accounting Softwareproducts

100

AvidXchange is one of the 100
Accounting Software products


AvidXchange is also listed in the following subcategories:

Category:Position:Category:Position:
Accounts Payable Software#22 Billing and Invoicing Software#51
Category:Position:
Accounts Payable Software#22
Billing and Invoicing Software#51

There are well-liked and widely used systems in each software group. But are they automatically the best fit for your company’s unique wants? A trendy software solution may have thousands of customers, but does it present what you need? For this reason, do not blindly spend on popular systems. Read at least a few AvidXchange reviews and consider the factors that you want in the software such as the cost, main functionality, available integrations etc. Then, shortlist a few apps that fit your needs. Check out the free trials of these platforms, read online opinions, get information from the maker, and do your research thoroughly. This profound groundwork is certain to aid you select the finest software application for your company’s specific requirements.

How Much Does AvidXchange Cost?

AvidXchange Pricing Plans:
Free trial
Quote-based Plan
Contact vendor

AvidXchange pricing is transaction-dependent and quote-based.

User Satisfaction

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.

POSITIVE SOCIAL MENTIONS

79

NEGATIVE SOCIAL MENTIONS

1

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Technical details

Devices Supported
  • Windows
  • Mac
  • Web-based
Language Support
  • English
Pricing Model
  • Quote-based
Customer Types
  • Small Business
  • Large Enterprises
  • Medium Business
Deployment
  • Cloud Hosted

What Support Does This Vendor Offer?

  • EMAIL
  • PHONE
  • TRAINING

What are AvidXchange pricing details?

AvidXchange Pricing Plans:
Free trial
Quote-based Plan
Contact vendor

AvidXchange pricing is transaction-dependent and quote-based.

What integrations are available for AvidXchange?

AvidXchange integrates smoothly with more than 100 accounting systems including the following:

  • Abila
  • AccountMate
  • Acumatica
  • AMSI
  • AppFolio
  • BankTel
  • BJ Murray
  • Blackbaud
  • C3
  • Caliber Software
  • CenterSoft
  • CINC Systems
  • ComputerEase
  • Condo Manager
  • Core Logic
  • CTI
  • Data Plus
  • EBS
  • Entrata
  • FinancialForce
  • Fund E-Z
  • Harland
  • Hotel Investor Apps
  • Integrated Business Systems (IBS)
  • Lawson
  • MDS
  • Microsoft Dynamics
  • MRI Software
  • NetSuite
  • Open Systems Inc.
  • Oracle JD Edwards
  • Oracle Peoplesoft Enterprise
  • QuickBooks
  • Realpage
  • Realty Information Systems (RIS)
  • Rent Manager
  • Sage Intacct
  • SAP
  • SS&C Skyline
  • SOS Corporation
  • SouthWare
  • Spectrum
  • TOPS Software
  • Viewpoint
  • VMS
  • Yardi

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