AvidXchange is a cloud-hosted payment automation and accounts payable (AP) application that provides features for reporting, vendor payments, invoice processing, invoice data capture, and more. The software integrates with an array of accounting tools and other business programs like Microsoft Dynamics, NetSuite, QuickBooks, Sage, and more.
AvidXchange automatically collects data from invoices submitted digitally by vendors, either on the web or by email. Vendors automatically get email confirmations when invoices are received, and vendors who only use paper invoices can submit them utilizing a secure lockbox. These are converted to digital format, permitting users to receive all their invoices digitally. Data is automatically imported into the platform after an invoice is received, eliminating the need for users to manually input invoice data. Plus, you can create unlimited custom enforceable invoice approval workflows to route invoices to particular divisions or users, and automatically assign account codes, including allocation codes.
The vendor reveals that AvidXchange allows you to reduce your payment processing and AP costs by more than 60% with automation. Payment and AP automation eliminate the manual work associated with paper checks and invoices. In addition, you can automate your invoice capture, payment, and approval processes. You can also get early payment discounts by lowering your invoice approval time to just 2 or 3 days. Similarly, you can reduce audit costs and simplify audits with complete audit trails utilizing digital data available anywhere, anytime.
Scalability and productivity are also major benefits of this program. You can simplify your payment and AP processes with automation, and eliminate time-consuming and repetitive tasks. You can simplify processes such as: opening and categorizing invoices, manual data entry, answering inquiry calls tasks, searching for misplaced or lost invoices, scanning and copying to archive, and waiting for overnight courier or interoffice mail for approvals. Payment and automated AP processing is swift, effortless to implement, and secures all payment and invoice data behind a sophisticated firewall. This gives you and your team more time to focus on growing your business and boosting profitability.
AvidXchange assists to fully eliminate paper invoices and checks. Processing paper checks and invoices is dated, costly, and time-consuming. You can improve the manner in which your firm pays its bills by graduating to a paperless process. The vendor reveals that its clients have lowered their processing time by 700%, reduced their processing expenses by 50%, and tripled their output without hiring more employees.
Lastly, the vendor provides 24/7 security and access. Security functionalities include advanced disaster recovery processes, 24/7 uptime, secure backup procedures and SSAE 16 Facility, and qualified specialists to offer dependable support to your IT staff.
AvidXchange pricing rates are not published on the official website. Their prices are billed per quotation and transaction-dependent. Contact the company directly to obtain your custom quote.
FeaturedCustomers has 1,808,625+ validated customer references
including reviews, case studies, success stories, customer stories,
testimonials and customer videos that will help you make better
software purchasing decisions.