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Score 8.7 out of 101
16 Ratings
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Score 8.7 out of 101

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Likelihood to Recommend

Acumatica 5.0

As I have only used it in one business I can't say too much how relevant it would be for other types of business, eg Retail or Manufacturing. It doesn't appear to be specifically set up for ecommerce.

We wholesale products and it works well for that kind of business model.
Justin Leflaive profile photo

AvidXchange

AvidXchange is certainly well suited for our commercial real estate business. When deciding on an accounts payable software, it is important to you ask how easily it integrates with your current accounting system. How many steps are required to export a data file? Are there any restrictions with your G/L codes?
Christina Honthy-Little profile photo

Feature Rating Comparison

Customization

Acumatica 5.0
7.0
AvidXchange
API for custom integration
Acumatica 5.0
7.0
AvidXchange

Security

Acumatica 5.0
7.0
AvidXchange
Role-based user permissions
Acumatica 5.0
7.0
AvidXchange

Reporting & Analytics

Acumatica 5.0
6.7
AvidXchange
Dashboards
Acumatica 5.0
4.0
AvidXchange
Standard reports
Acumatica 5.0
7.0
AvidXchange
Custom reports
Acumatica 5.0
9.0
AvidXchange

General Ledger and Configurable Accounting

Acumatica 5.0
8.3
AvidXchange
Accounts payable
Acumatica 5.0
10.0
AvidXchange
Accounts receivable
Acumatica 5.0
8.0
AvidXchange
Global Financial Support
Acumatica 5.0
5.0
AvidXchange
Intercompany Accounting
Acumatica 5.0
9.0
AvidXchange
Journals and Reconciliations
Acumatica 5.0
10.0
AvidXchange
Standardized Processes
Acumatica 5.0
8.0
AvidXchange

Inventory Management

Acumatica 5.0
8.5
AvidXchange
Inventory tracking
Acumatica 5.0
9.0
AvidXchange
Location management
Acumatica 5.0
8.0
AvidXchange

Order Management

Acumatica 5.0
9.3
AvidXchange
Pricing
Acumatica 5.0
10.0
AvidXchange
Order entry
Acumatica 5.0
9.0
AvidXchange
Cost of goods sold
Acumatica 5.0
8.0
AvidXchange
End-to-end order visibility
Acumatica 5.0
10.0
AvidXchange

Subledger and Financial Process

Acumatica 5.0
6.8
AvidXchange
Automated Invoice Processing
Acumatica 5.0
7.0
AvidXchange
Customer Collections
Acumatica 5.0
7.0
AvidXchange
Cash Management
Acumatica 5.0
7.0
AvidXchange
Period Close
Acumatica 5.0
6.0
AvidXchange

Pros

  • Generic Inquiries are a very easy way to create custom reports.
  • The automation schedules are useful, we use these for confirming of shipments, creating invoices and emailing them. Reduces workload.
  • Open for integration with other software. We find the ease of connection to MS PowerBI very useful.
Justin Leflaive profile photo
  • It's amazing. You can be an owner of multiple companies and have all the invoices paid from one solution, and it's all online and at your fingertips.
  • Set up each company with their own bank account code the expense, review the invoice and send it for approval.
  • Transparency. The approval process it set up at all levels. So you can have a first coded - then the department or manager that oversaw the work approve - then the final release of payment the accounting looking at the bank balance. You can set up at a certain dollar amount to receive a second or third approval if your company has partners or Board members.
  • I have nine (9) different locations and global vendors in our set up. If I did not have AvidXchange, a day of check cutting [is what] I would need for each location and that is what I would do all week long. This is a click of the button, an approval process, a complete assembly line that works perfect and a massive time saver so I spend one hour a day on this.
Shawna Guajardo-Vickers profile photo

Cons

  • The CRM module is very basic.
  • There is no supplier remittance function.
  • The API is basic, our ecommerce integration has had to be built nearly from scratch.
Justin Leflaive profile photo
  • AvidXchange is too aggressive after payments are sent to vendors in their approach to getting the vendors to sign up for a virtual credit card payment. Some of our vendors have complained at how frequently or diligently they were were pursued by AvidXchange.
  • When an invoice approver is to become unavailable temporarily due to vacation, illness, etc., they should be able to auto-assign a covering party for a determined length of time or through a particular date like our previous system did. There is no good way for this to be handled by AvidXchange.
Richard Maritt, CMCA, AMS profile photo

Likelihood to Renew

Acumatica 5.09.0
Based on 1 answer
It is very customisable and good value for money. It is also scalable for the future. The CRM and ecommerce integtration are the main downsides.
Justin Leflaive profile photo
AvidXchange8.2
Based on 5 answers
At the moment we have a contract for another year, we are hoping there is improvement with the company to decide if we stay with them or change.
No photo available

Usability

No score
No answers yet
No answers on this topic
AvidXchange8.2
Based on 1 answer
Except the one difficult/cumbersome point I made, it is a strong, solid, easy-to-use system.
Richard Maritt, CMCA, AMS profile photo

Support

No score
No answers yet
No answers on this topic
AvidXchange8.2
Based on 2 answers
Except for occasional escalations needed to Level 2 support, they are efficient and quick with nearly all requests.
Richard Maritt, CMCA, AMS profile photo

Alternatives Considered

NetSuite is much more expensive and is difficult to customise or integrate.
SAP is a more complex and powerful system, but several times more expensive to implement and run.
Justin Leflaive profile photo
SIRE became bogged down over time, began having more downtime, worked slower than expected, and had stopped advancing the development of its features. As such, we had to find an alternative. For our size (not small and not big), we needed something which got narrowed down to Strongroom and AvidXchange. Since AvidXchange purchased Strongroom, it became a no-brainer as to which company's product we would be using. Compared to the manual processing of invoices, this is much better as they can be reviewed and approved remotely in addition to the archive being searchable from anywhere.
Richard Maritt, CMCA, AMS profile photo

Return on Investment

  • Time to match customer payments has decreased by approximately 30%.
  • Time to enter sales orders has decreased by approx 10%.
  • It has enabled up to easily access our system remotely, meaning we are able to be more flexible in our work.
Justin Leflaive profile photo
  • Increased employee efficiency
  • High level view of invoices in the pipeline for approval. Allows for better cash flow management.
No photo available

Pricing Details

Acumatica 5.0

General
Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No
Additional Pricing Details

AvidXchange

General
Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No
Additional Pricing Details