AvidXchange vs. QuickBooks Desktop Premier

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
AvidXchange
Score 8.4 out of 10
N/A
AvidXchange is an automated bill payment system.
$5,000
per license
QuickBooks Desktop Premier
Score 8.0 out of 10
N/A
QuickBooks Desktop Premier is an installed version of QuickBooks for general business, contractors, manufacturing and warehouse accounting, as well as nonprofits, professional services, and retail.N/A
Pricing
AvidXchangeQuickBooks Desktop Premier
Editions & Modules
AvidXchange
5,000
per license
No answers on this topic
Offerings
Pricing Offerings
AvidXchangeQuickBooks Desktop Premier
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
AvidXchangeQuickBooks Desktop Premier
Features
AvidXchangeQuickBooks Desktop Premier
Payment Management
Comparison of Payment Management features of Product A and Product B
AvidXchange
9.8
1 Ratings
28% above category average
QuickBooks Desktop Premier
-
Ratings
Customizable Approval Policies10.01 Ratings00 Ratings
Financial Document Management9.01 Ratings00 Ratings
Payment Status Tracking10.01 Ratings00 Ratings
Payment Audit Trail10.01 Ratings00 Ratings
Duplicate Bill Detection10.01 Ratings00 Ratings
Accounts Payable
Comparison of Accounts Payable features of Product A and Product B
AvidXchange
10.0
2 Ratings
37% above category average
QuickBooks Desktop Premier
-
Ratings
Automated Accounts Payable Processes10.02 Ratings00 Ratings
Vendor Management10.02 Ratings00 Ratings
Payroll Management
Comparison of Payroll Management features of Product A and Product B
AvidXchange
-
Ratings
QuickBooks Desktop Premier
8.5
54 Ratings
12% above category average
Pay calculation00 Ratings9.252 Ratings
Benefit plan administration00 Ratings8.425 Ratings
Direct deposit files00 Ratings8.242 Ratings
Salary revision and increment management00 Ratings8.433 Ratings
Reimbursement management00 Ratings8.536 Ratings
Customization
Comparison of Customization features of Product A and Product B
AvidXchange
-
Ratings
QuickBooks Desktop Premier
7.5
24 Ratings
3% below category average
API for custom integration00 Ratings8.017 Ratings
Plug-ins00 Ratings7.024 Ratings
Security
Comparison of Security features of Product A and Product B
AvidXchange
-
Ratings
QuickBooks Desktop Premier
8.5
58 Ratings
3% above category average
Single sign-on capability00 Ratings8.650 Ratings
Role-based user permissions00 Ratings8.449 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
AvidXchange
-
Ratings
QuickBooks Desktop Premier
8.3
69 Ratings
6% above category average
Dashboards00 Ratings8.858 Ratings
Standard reports00 Ratings8.468 Ratings
Custom reports00 Ratings7.666 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
AvidXchange
-
Ratings
QuickBooks Desktop Premier
7.9
72 Ratings
4% above category average
Accounts payable00 Ratings8.470 Ratings
Accounts receivable00 Ratings8.671 Ratings
Cash management00 Ratings8.865 Ratings
Bank reconciliation00 Ratings8.869 Ratings
Expense management00 Ratings8.868 Ratings
Time tracking00 Ratings7.535 Ratings
Fixed asset management00 Ratings6.249 Ratings
Multi-currency support00 Ratings7.623 Ratings
Multi-division support00 Ratings8.239 Ratings
Regulations compliance00 Ratings8.224 Ratings
Electronic tax filing00 Ratings7.936 Ratings
Self-service portal00 Ratings5.823 Ratings
Global Financial Support00 Ratings6.09 Ratings
Primary and Secondary Ledgers00 Ratings7.014 Ratings
Intercompany Accounting00 Ratings8.117 Ratings
Localizations00 Ratings7.86 Ratings
Journals and Reconciliations00 Ratings8.825 Ratings
Enterprise Accounting00 Ratings8.513 Ratings
Configurable Accounting00 Ratings8.115 Ratings
Centralized Rules Framework00 Ratings7.510 Ratings
Standardized Processes00 Ratings8.515 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
AvidXchange
-
Ratings
QuickBooks Desktop Premier
8.1
43 Ratings
7% above category average
Inventory tracking00 Ratings8.342 Ratings
Automatic reordering00 Ratings7.321 Ratings
Location management00 Ratings8.825 Ratings
Manufacturing module00 Ratings7.822 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
AvidXchange
-
Ratings
QuickBooks Desktop Premier
8.2
47 Ratings
8% above category average
Pricing00 Ratings8.037 Ratings
Order entry00 Ratings7.838 Ratings
Credit card processing00 Ratings9.234 Ratings
Cost of goods sold00 Ratings9.043 Ratings
Order Orchestration00 Ratings7.58 Ratings
End-to-end order visibility00 Ratings8.59 Ratings
Order exception Resolution00 Ratings7.56 Ratings
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AvidXchangeQuickBooks Desktop Premier
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Score 9.7 out of 10
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Score 7.3 out of 10
Medium-sized Companies
Square 9 Softworks
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Score 9.7 out of 10
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Score 9.1 out of 10
Enterprises
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Score 8.7 out of 10
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SAP S/4HANA Cloud
Score 8.5 out of 10
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User Ratings
AvidXchangeQuickBooks Desktop Premier
Likelihood to Recommend
9.6
(20 ratings)
8.3
(75 ratings)
Likelihood to Renew
8.2
(5 ratings)
7.5
(14 ratings)
Usability
10.0
(2 ratings)
9.0
(26 ratings)
Availability
9.0
(1 ratings)
10.0
(6 ratings)
Performance
8.0
(1 ratings)
9.0
(5 ratings)
Support Rating
8.2
(2 ratings)
4.0
(13 ratings)
Online Training
-
(0 ratings)
1.0
(1 ratings)
Implementation Rating
7.3
(1 ratings)
7.2
(7 ratings)
Configurability
-
(0 ratings)
9.0
(2 ratings)
Ease of integration
-
(0 ratings)
7.0
(1 ratings)
Product Scalability
-
(0 ratings)
9.0
(5 ratings)
Vendor post-sale
-
(0 ratings)
6.0
(1 ratings)
Vendor pre-sale
-
(0 ratings)
6.0
(2 ratings)
User Testimonials
AvidXchangeQuickBooks Desktop Premier
Likelihood to Recommend
AvidXchange
AvidXchange is well suited for companies with multiple locations where approvals may be hard to get directly. A user can log on when they have time basically from anywhere to review, code and approve invoices. This would allow for processing of invoices centrally more efficiently then with appear invoices being moved from one place to another to be processed
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Intuit
We really think that ANY typical business would be a reasonable fit for QuickBooks Desktop Premier. While not necessary, even a comparatively unexperienced accounting person could look at the "Home" screen and follow their nose thru typical daily accounting processes without much detailed knowledge. Reporting is simple, looking up customer info and prior transactions is simple, looking up vendors and prior payments is simple... all in all, quite straightforward. I really can't think of an instance where it would be 'less appropriate'.
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Pros
AvidXchange
  • Our contractors and vendors can submit invoices electronically through AvidBill, removing the tedious task of sorting and coding mail. This feature saves on time and administrative duties.
  • Communication is key, and being able to log a comment or question in AvidInvoice allows for clarification and expedited approval process.
  • Having multiple properties, having the Property Code and % Allocation features allow us to ensure the correct entity is charged it's portion of expenses. For example, we may have a service that is coded to all 32 properties. With AvidInvoice we are able to allocate each entity's pro rata share of the invoice.
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Intuit
  • Employment - it makes creating paychecks a snap and tracks taxes.
  • Invoicing - they have a straightforward approach to creating invoices and you can even email them to your customers.
  • Customers - the program makes tracking customer information and balances easy.
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Cons
AvidXchange
  • AvidPay needs some improvement to minimize the amount of time it takes to issue payment for invoices
  • The search features within AvidXchange on the advanced search screen sometimes do not function correctly (sorting by ascending / descending order doesn't work all of the time).
  • The log enhancement follow-up procedure could use some work.
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Intuit
  • Support for older versions of QuickBooks ends after three years, then users must purchase the newest version at full price. Renewals should be deeply discounted for existing users.
  • I would like to see better in-product inventory tracking, so we can choose LIFO or FIFO rather than the ambiguous "average cost" method.
  • I would like to be able to assign payroll taxes to jobs for better job costing.
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Likelihood to Renew
AvidXchange
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.
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Intuit
Because we have been extremely happy with the product and our organization tends to be creatures of habit. We rarely leave a product that works this well for the latest and greatest. Typically we follow the "if it's not broken, don't fix it rule". While QB does make changes we typically just roll with it. If we do find something we don't like we work through it until we fully understand its functionality.
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Usability
AvidXchange
AvidXchange is very easy to use and the customer service is always there is you need help or more training. New employees even comment on how easy it is to pickup the program.
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Intuit
We switched to a more "robust" software program with the hiring of a new CFO. The migration of historical data and ancillary information has been cumbersome and riddle with errors and issues. In hindsight much of what the new software program was touted to accomplish is not come to fruition. QB Desktop Premier was sufficient for the organization needs
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Reliability and Availability
AvidXchange
No answers on this topic
Intuit
This is very reliable software, the desktop version is fast. If there is a problem, it is most likely on your own hardware!
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Performance
AvidXchange
No answers on this topic
Intuit
It takes forever to load.
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Support Rating
AvidXchange
Except for occasional escalations needed to Level 2 support, they are efficient and quick with nearly all requests.
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Intuit
This is where QuickBooks falls short. Many times my staff has had questions that have not been able to get resolved easily with a chat or call. I personally have had more general questions that have not been answered easily as well. I think QuickBooks needs to provide the resources of having readily accessible help in order to make it simpler to get solutions.
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Implementation Rating
AvidXchange
No answers on this topic
Intuit
It is important to do your research. There are tutorial videos online that could help new user of this accounting system. These tutorials are straightforward and easily understandable.
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Alternatives Considered
AvidXchange
We are presently evaluating a move to Concur Invoice, not because of any real lack of functionality from AvidXchange, but simply because we have other business functions already on Concur Invoice. From what we have seen so far, the functionality is similar, though I believe Concur Invoice is more expensive.
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Intuit
QuickBooks Premier handles most of my business functions efficiently in one package. It is not my "everything." I use Replicon for time rather than QuickBooks. I don't want my WIP data interfering with my accounting. I use PaySimple for it's web interface and back office processing. I don't have security issues since I don't have any credit card data in my possession. With today's identity theft environment, I have to protect myself as much as I can. Not having credit card data in my accounting software lets me sleep much better at night. Quicken will do basic accounting but does not have all the double entry accounting systems contained in QuickBooks. QuickBooks Online does much of the basic business functions but I don't like the pricing structure. As a professional accountant, that is very important to me. Bill.com provided a good service but the ability of QuickBooks to add bills and receipts to transactions makes it redundant.
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Scalability
AvidXchange
No answers on this topic
Intuit
They're getting better. Still room for improvement.
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Return on Investment
AvidXchange
  • AvidXchange allows our office to be more productive on invoice approvals.
  • Overall, AvidXchange is saving us money. We do not have to courier invoices back and forth once signatures have been provided.
  • You can approve invoices from anywhere as long as you have internet access.
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Intuit
  • Most of our business clients use QuickBooks which makes it efficient for us to work on clients that use the program. We can import QuickBooks data into our software which adds efficiencies to our tax practice.
  • Having staff that are familiar with the software enables our firm to provide quality service to the clients that use QuickBooks.
  • We receive referrals from satisfied QuickBooks clients.
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