AvidXchange

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What is AvidXchange?

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.



AvidXchange Awards


AvidXchange currently scores 89/100 in the Payments & Invoicing category. This is based on user satisfaction (88/100), press buzz (46/100), and other relevant information on AvidXchange gathered from around the web.

The score for this software has declined over the past month. What is this?
www.avidxchange.com

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Payments & Invoicing Market Radar

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AvidXchange Product Overview

  • Electronic Invoice Capture

  • Invoice Submissions by Email & Web

  • Automated Email Confirmations to Vendors

  • Custom Invoice Approval Workflows

  • Custom Payment Approval Workflows

  • Invoice Tracking

  • Audit Trail

  • Status Tracking

  • Central Data Repository

  • Accounting System Integrations


Languages Supported: English

Payments & Invoicing Software Buyer Guide 2024

Product recommendations, vendor rankings, market overview and tips on how to select Payments & Invoicing software for business. Published in May 2024.

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...

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AvidXchange Features

  • 2-Factor Authentication
  • Accounts Payable
  • Accounts Receivable
  • API
  • Balance Sheet
  • Billing/Invoicing
  • Budgeting
  • Calendar Management
  • Contact Management
  • CRM Integration
  • Customer Management
  • Dashboard
  • Data Export
  • Data Import
  • Data Visualization
  • Expense Tracking
  • External Integrations
  • Forecasting
  • General Account Ledger
  • Inventory Tracking
  • Multi-Currency
  • Multi-User
  • Notifications
  • P&L
  • Payment Processor
  • Payroll
  • Scheduling
  • Supplier Management
  • Tax Management
  • BitCoin
  • PayPal
  • Stripe
  • SAP Integration

AvidXchange FAQs

Does AvidXchange offer guides, tutorials and or customer support?

Support: Online Support, Phone Support, Email Support, Webinars, Videos.

Does AvidXchange offer an API?

No.

Does AvidXchange offer multi-user capability (e.g. teams)?

No.

What is AvidXchange generally used for?

This service is generally used as automated bill payment and invoicing solution.

Who are the main user groups of AvidXchange?

Main users of AvidXchange are midmarket companies spanning multiple industries including Construction, Nonprofit, Energy, Financial Services, and Real Estate.

Does AvidXchange integrate with any other apps?

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.

What platforms does AvidXchange support?

This is a web-based software.

What are some applications AvidXchange is commonly used in tandem with?

It is commonly used in tandem with accounting systems.

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AvidXchange Alternatives

AvidXchange Alternatives & Competitors

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MoonClerk
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