"AvidXchange is a cloud-based accounts payable and payment automation software."
AvidXchange provides its users automated bill payment and invoicing platform by solving invoice capture, approval routing, and payments. The service's target group are midsize companies in the real estate, financial services, nonprofit, and construction.
The system captures electronically submitted invoices, pulls data from them, and automatically imports it into the system. This eliminates manual data entry work, reducing processing costs by 60% or more, making the entire process more efficient and more accurate. Additionally, users get other processes automated, such as approval, payment, reporting, and more.
This way, the invoices are being paid automatically, while the existing approval process is still maintained. The main benefits of this system are processing costs reduction, processes that scale for growth, control & visibility increase, and excellent support. Finally, AvidXchange easily integrates with many major accounting platforms, like NetSuite or Quickbooks.
Electronic Invoice Capture
Invoice Submissions by Email & Web
Automated Email Confirmations to Vendors
Custom Invoice Approval Workflows
Custom Payment Approval Workflows
Central Data Repository
Accounting System Integrations
Product recommendations, vendor rankings, market overview and tips on how to select Payments & Invoicing software for business. Published in August 2020.
Payments & invoicing is the lifeblood of a business when it comes to accounting and finance. Without effective payments and invoicing management, a business will not be able to track its income and expenses. At the same time, they will lose track of the...FREE DOWNLOAD Payments-&-Invoicing-Software-Buyer-Guide-2018.pdf
Support: Online Support, Phone Support, Email Support, Webinars, Videos.
This service is generally used as automated bill payment and invoicing solution.
Main users of AvidXchange are midmarket companies spanning multiple industries including Construction, Nonprofit, Energy, Financial Services, and Real Estate.
Integrations: Abila, AccountMate, Acumatica, AMSI, BankTel, BJ Murray, Blackbaud, Caliber Software, CenterSoft, ComputerEase, CTI, Data Plus, Deltek Vision, Entrata, FinancialForce, Fiserv, Harland, Home Grown Systems, Hotel InvestorApps, Integrated Business Systems, Intacct, Oracle JD Edwards, Jenark, Lawson, MDS, Microsoft Dynamics, MRI Software, NetSuite, Open Systems Inc., Oracle, QuickBooks, Realpage, Rent Manager, SS&C Skyline, SOS Corporation, SouthWare, Spectrum, TOPS Software, Viewpoint, Yardi.
This is a web-based software.
It is commonly used in tandem with accounting systems.