AvidXchange Review
OUR SCORE 85%
- What is AvidXchange
- Product Quality Score
- Main Features
- List of Benefits
- Technical Specifications
- Available Integrations
- Customer Support
- Pricing Plans
- Other Popular Software Reviews
What is AvidXchange?
AvidXchange is a software that handles accounts payable and bill payments. It is designed to eliminate tedious processes such as paper invoices and cut down bill payments and processing costs. The solution is also equipped with a wide range of tools, thereby covering a large scope of business enterprises, from real estate to finance. On top of that, the interface can be personalized according to the user’s operations. The flexibility of this platform was made possible because the software incorporates modules dedicated to different tasks such as bill payments and managing accounts payable: invoice application, purchase order application, and payment application. By leveraging these functions, users can automate their processes by using electronic invoice capture, intelligent approvals, and automate payments, minimizing cost and paper usage.Product Quality Score
AvidXchange features
Main features of AvidXchange are:
- Billing Services
- General Ledger
- Supplier Portal
- Spend Management
- Invoice Application
- Accounts Payable
- Invoice Accelerator
- Accounts Receivable
- Cash Management
- Pay Services
- Bank Reconciliation
- Purchase Order Application
- Payment Application
AvidXchange Benefits
The main benefits of AvidXchange are it’s paperless invoicing, cost-saving automation, scalability, and excellent security. Here are more details:
Paperless Invoicing
With the use of electronic data for processing payment transactions, AvidXchange removes the need for paper usage and invoices, eliminating extensive time consumption and costs for companies. AvidXchange customers have their processing time reduced by 700%, tripling their output with the need to upscale their workforce.
Cost-saving Automation
Using AvidXchange, you can lower the cost of your payment processing by 60% or more through automation, reducing the need for manual processes in paper invoices and checks. You also have the option to automate invoice capture, payment processing, and approval. You can benefit from early payment discounts by reducing your invoice approval timeframe as well. Auditing processes and costs are reduced and made easy, too, with the availability of electronic trail records.
Productivity and Scalability
With automation, you can eliminate the repetitive and time-consuming work that is involved when using paper and manual processes like manual data entry, interoffice mail, overnight courier for approvals, opening and sorting invoices and archive handling can all be streamlined to avoid errors or misplacement of records. This makes payments fast and secure within the firewall, thus enabling you to focus on other tasks. As such, you can have greater business productivity.
24/7 Access and Security
With all processes automated, all data is accessible anytime anywhere and is secured with the SSAE 16 facility security feature and other backup procedures. Sophisticated disaster recovery systems backed with specialists to help your IT team in case of disasters and emergencies are also available.
Technical Specifications
Devices Supported
- Web-based
- iOS
- Android
- Desktop
Customer types
- Small business
- Medium business
- Enterprise
Support Types
- Phone
- Online
AvidXchange Integrations
The following AvidXchange integrations are currently offered by the vendor:
- Condo Manager
- Rent Manager
- Core Logic
- SAP
- Entrata
- BankTel
- Microsoft Dynamics
- SS&C Skyline
- C3
- EBS
- CenterSoft
- SouthWare
- Lawson
- ComputerEase
- BJ Murray
- TOPS Software
- Realpage
- AccountMate
- Integrated Business Systems (IBS)
- Data Plus
- Acumatica
- Open Systems Inc.
- Caliber Software
- SOS Corporation
- QuickBooks
- Yardi
- Viewpoint
- Oracle Peoplesoft Enterprise
- Realty Information Systems (RIS)
- Spectrum
- Fund E-Z
- CINC Systems
- MDS
- CTI
- FinancialForce
- Hotel Investor Apps
- Blackbaud
- Oracle JD Edwards
- VMS
- Harland
- NetSuite
- MRI Software
- Abila
- AppFolio
- AMSI
- Sage Intacct
Video
Customer Support
Pricing Plans
AvidXchange pricing is available in the following plans:
