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AvidXchange Review

AvidXchange
Our score: 8.5 User satisfaction: 98%

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

Knowing that businesses have special business requirements, it is only reasonable they avoid choosing an all-in-one, ”best” software. Be that as it may, it would be futile to discover such application even among well-known software solutions. The reasonable step to do would be to note down the varied main aspects which entail investigation like crucial features, costing, technical skill competence of the users, organizational size, etc. Then, you should follow through the product research systematically. Have a look at some AvidXchange reviews and scrutinize each of the software programs in your list more closely. Such all-encompassing product investigation ascertain you take out unfit software products and choose the system that offers all the function your company requires to achieve growth.

Position of AvidXchange in our main categories:

TOP 100

AvidXchange is one of the top 100 Accounting Software products

AvidXchange is also listed in the following subcategories:

Each enterprise has its own characteristics, and can need a particular type of Accounts Payable Software solution that will be designed for their business size, type of customers and staff and even particular industry they support. You should not count on locating a perfect software that will work for every business no matter what their background is. It may be a good idea to read a few AvidXchange Accounts Payable Software reviews first and even then you should keep in mind what the solution is supposed to do for your business and your workers. Do you need a simple and intuitive app with only essential functions? Will you actually use the advanced tools required by experts and big enterprises? Are there any specific tools that are especially useful for the industry you work in? If you ask yourself these questions it will be much easier to get a reliable software that will fit your budget.

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

Positive Social Media Mentions 79
Negative Social Media Mentions 1

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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Technical details

Devices Supported

  • Windows
  • Mac
  • Web-based

Deployment

  • Cloud Hosted

Language Support

  • English

Pricing Model

  • Quote-based

Customer Types

  • Small Business
  • Large Enterprises
  • Medium Business

What Support Does This Vendor Offer?

  • email
  • phone
  • live support
  • training
  • tickets

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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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Reviewed By Louie Andre
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