The Perfect Solution
April 28, 2017
The Perfect Solution
Score 10 out of 10
Vetted Review
Verified User
Overall Satisfaction with AvidXchange
We use AvidXchange through our corporate office and five corporate locations. AvidXchange provides transparency; it provides our security for all approval processes at all levels. It's a perfect solution for our accounting need at year end audit.
- 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.
- Credit Memos needs to be a better function. Currently this function does not work properly and pulls over into our accounting software Intacct.
- It's been a complete time saver for us, it turned a part time employee cost into an hour of work a day.. It's been a perfect solution for us at year end to give our auditors viewing rights to access.