#1 most frequent
United States of America
95.9%580 installations of 605
Categories & Use Cases
Videos
Top Performing Features
Customizable Approval Policies
Policies for different types of approvals can be customized, sent to multiple approvers, automatically approved, etc.
Category average: 8.7
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: 8.8
Areas for Improvement
Automated Accounts Payable Processes
Accounts payable processes are automated based on pre-determined workflows.
Category average: 8.3
Vendor Management
Holds information related to vendor terms and contracts.
Category average: 8.4
Financial Document Management
Invoices, expense reports, and associated documents are stored within the platform for any future needs.
Category average: 7.9
Who Buys & Uses AvidXchange
#2 most frequent
Canada
1.3%8 installations of 605
#3 most frequent
United Kingdom of Great Britain and Northern Ireland
0.8%5 installations of 605
You wont regret using it
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
AvidXchange perfect for Intacct users
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
AvidXchange Impressed Me
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
A good Accounting Product for non Accounting Users
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
AvidXchange review
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
