AvidXchange vs. iCustomsAI iDP - Intelligent Document Processing

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
AvidXchange
Score 7.4 out of 10
N/A
AvidXchange is an automated bill payment system.
$5,000
per license
iCustomsAI iDP - Intelligent Document Processing
Score 0.0 out of 10
N/A
Streamlining global trade compliance through document automation. A solution to streamline international trade compliance processes with iCustoms featuring tailored AI models that enhance data extraction from various document types within seconds. iCustoms simplifies the customs declaration process, offering fast document processing. Its advanced AI features optimise process and cN/A
Pricing
AvidXchangeiCustomsAI iDP - Intelligent Document Processing
Editions & Modules
AvidXchange
5,000
per license
No answers on this topic
Offerings
Pricing Offerings
AvidXchangeiCustomsAI iDP - Intelligent Document Processing
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeOptional
Additional Details
More Pricing Information
Community Pulse
AvidXchangeiCustomsAI iDP - Intelligent Document Processing
Features
AvidXchangeiCustomsAI iDP - Intelligent Document Processing
Payment Management
Comparison of Payment Management features of Product A and Product B
AvidXchange
9.8
Ratings
26% above category average
iCustomsAI iDP - Intelligent Document Processing
-
Ratings
Customizable Approval Policies10.00 Ratings00 Ratings
Financial Document Management9.00 Ratings00 Ratings
Payment Status Tracking10.00 Ratings00 Ratings
Payment Audit Trail10.00 Ratings00 Ratings
Duplicate Bill Detection10.00 Ratings00 Ratings
Accounts Payable
Comparison of Accounts Payable features of Product A and Product B
AvidXchange
10.0
Ratings
40% above category average
iCustomsAI iDP - Intelligent Document Processing
-
Ratings
Automated Accounts Payable Processes10.00 Ratings00 Ratings
Vendor Management10.00 Ratings00 Ratings
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User Ratings
AvidXchangeiCustomsAI iDP - Intelligent Document Processing
Likelihood to Recommend
9.0
(0 ratings)
-
(0 ratings)
Likelihood to Renew
8.2
(0 ratings)
-
(0 ratings)
Usability
8.2
(0 ratings)
-
(0 ratings)
Availability
9.0
(0 ratings)
-
(0 ratings)
Performance
8.0
(0 ratings)
-
(0 ratings)
Support Rating
8.2
(0 ratings)
-
(0 ratings)
Implementation Rating
7.3
(0 ratings)
-
(0 ratings)
User Testimonials
AvidXchangeiCustomsAI iDP - Intelligent Document Processing
Likelihood to Recommend
For a company who is needing to transition from paper invoices/manual approvals to an electronic solution, AvidXchange is an excellent option. It is very functional and will highly improve your invoice capability, the speed of invoice processing, and will help your overall accounts payable department. It also makes auditing much easier, where auditors are able to easily search invoices, see approvals, payment status, etc.
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Pros
  • Automation: Every part of Avid's process is automated through the use of workflows established by the AvidXchange administrator. This allows all vested entities to review and approve the payment of an invoice in a timely manner.
  • Transparency: As an invoice goes through the review and approval process, every step is documented and available for review. This ensures all parties are appropriately vested in ensuring the timely approval of invoices for payment
  • Accuracy: Automating the AP process has helped to minimize the risk for errors that occur through manual invoice entry and approval.
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Cons
  • I really wish there was a way for AvidXchange indexers to "get to know" the companies they index for. The indexing policies are such that it leaves little room for common sense and I do a fair share of correcting workflows and such.
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Likelihood to Renew
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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Usability
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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No answers on this topic
Support Rating
Except for occasional escalations needed to Level 2 support, they are efficient and quick with nearly all requests.
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No answers on this topic
Alternatives Considered
At the time we moved to AvidXchange; CSI did not have the full functionality of processing invoice for payment. We only utilized them for specific vendor who took payments via virtual credit card. All invoices were processed in house by our AP Department.
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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.
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No answers on this topic
ScreenShots

iCustomsAI iDP - Intelligent Document Processing Screenshots

Screenshot of Connecting all banking needsScreenshot of Automates customs data entry process in an intelligent way