AvidXchange

Score8.5 out of 10

55 Reviews and Ratings

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What is AvidXchange?

AvidXchange is an automated bill payment system.

Categories & Use Cases

Customizable Approval Policies
Policies for different types of approvals can be customized, sent to multiple approvers, automatically approved, etc.
Category average: 8.5
Payment Status Tracking
Tracks what stage payments are at in the process, from approval to receipt.
Category average: 8.8
Payment Audit Trail
Allows admin users visibility into the entire payment process, from receiving the expense claim or invoice to the payee receiving payment.
Category average: 8.7

Automated Accounts Payable Processes
Accounts payable processes are automated based on pre-determined workflows.
Category average: 8.7
Vendor Management
Holds information related to vendor terms and contracts.
Category average: 8.5
Financial Document Management
Invoices, expense reports, and associated documents are stored within the platform for any future needs.
Category average: 8.2

Shannon Powers View profile

Manager of HRIS & AP in Human Resources at Energo (51-200 employees employees)

Use Cases and Deployment Scope

We use AvidXchange Invoice for our AP automation and to easily get invoices approved before payments are made. This helped to keep invoices from being lost in emails. AvidXchange makes it much easier to have all the invoices in one place when needing to do some research as well.

Pros

AI Capture is a great feature
The workflows are endless which really help get invoices to the correct approvers.
The email feature helps get invoices in from vendors.

Cons

I wish it could break apart multiple invoices that are sent in one PDF.
I would like it to auto delete statements that are emailed in.

Return on Investment

AvidXchange has saved us on payroll by making the process go from hours to minutes. It really cuts down the time needed to get invoices approved and into QB for payment.
It is very easy to train employees to use which also saves time and money.

Usability

Alternatives Considered

Stampli

Other Software Used

QuickBooks Desktop Enterprise

Kelsey Russell

Corporate Accountant in Corporate at Buffalo Wings & Rings (11-50 employees employees)

Use Cases and Deployment Scope

We use it to approve bills for our stores. The invoices are initially coded by an accountant and approved so that the GM then has to view and approve the bill.

Pros

Imports into Intacct
Support is quick to help
Invoices also import into Intacct

Cons

Issues with vendors receiving VCC

Return on Investment

Bills are correctly paid
It helps when there are verbal credits that aren't kept up with

Other Software Used

Sage Intacct

Matthew Kreutzer View profile

Sales Manager in Sales at Zobrio (11-50 employees employees)

Pros

Streamline AP Processes
Paperless Invoice Processing
Bill Payment Automation
Integration with Financial Edge NXT

Cons

Search for previous invoices could be easier

Most Important Features

Workflow automation
Document Management

Return on Investment

Saves time in the AP processing

Other Software Used

Financial Edge NXT, Zobrio

John R. Glaser View profile

Media Planner in Marketing at Bathwraps (51-200 employees employees)

Pros

Easy for non accounting personnel to use and understand
It is easy to manage a good volume of invoices
Reporting is easy to create

Cons

None really come to mind

Most Important Features

Easy to use for non accounting people

Return on Investment

It helps me make my month end closing easier

Kaycie Grindstaff

Finance Specialist in Finance and Accounting at Elevation Church (201-500 employees employees)

Pros

AvidPay
Electronic invoices
Searchable invoice functions

Cons

Indexers accuracy
1099 functionality
Reporting

Return on Investment

Electronic invoices
Mailing checks for our organization is a plus
1099 capabilities are lacking

Alternatives Considered

Concur Travel and Expense

Other Software Used

Concur Travel and Expense

BILL

MineralTree

Tipalti

AvidXchange

What is AvidXchange?

Categories & Use Cases

Key Features

Top Performing Features

Customizable Approval Policies

Payment Status Tracking

Payment Audit Trail

Areas for Improvement

Automated Accounts Payable Processes

Vendor Management

Financial Document Management

Reviews

Use Cases and Deployment Scope

Pros

Cons

Return on Investment

Usability

Alternatives Considered

Other Software Used

Use Cases and Deployment Scope

Pros

Cons

Return on Investment

Other Software Used

Pros

Cons

Most Important Features

Return on Investment

Other Software Used

Pros

Cons

Most Important Features

Return on Investment

Pros

Cons

Return on Investment

Alternatives Considered

Other Software Used

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