About AvidXchange

AvidXchange is a cloud-based accounts payable and payment automation solution which offers tools for invoice data capture, invoice processing, vendor payments, reporting and more. The system integrates with more than 210 business software and accounting system applications, including Sage Intaact, QuickBooks, Oracle NetSuite, Microsoft Dynamics GP, Rent Manager, MRI and more.

AvidXchange automatically captures data from invoices submitted electronically by vendors, either by email or on the web. Vendors are automatically sent email confirmations when invoices are received, and if vendors only work with paper invoices, these can be submitted using a secure lockbox, and are converted to electronic format, allowing users to receive all of their invoices electronically. Data is automatically imported into the system once an invoice is received, removing the need for users to manually enter invoice data. Unlimited custom enforceable invoice approval workflows can be created to route invoices to specific departments or users, and account codes can be automatically assigned, including allocation codes.

With AvidXchange, vendors can be paid electronically while still maintaining existing approval workflows and banking relationships. Payment approval workflows can also be customized, with options for multiple approvers and step-level approvals. Payment and approval statuses can be viewed at any time. Users can also create over 50 standard reports with AvidXchange, or create their own custom reports, including accounts payable activity reports, missing invoice reports, and accrual reports. Reports can be scheduled, and subscribed to based on user authorization levels.

Pricing starting from:

Not provided by vendor

  • Free Version
  • Free Trial
  • Subscription

Key benefits of AvidXchange

Integrate with your existing accounting system
Increase visibility and optimize approvals of invoices and payments
Securely pay suppliers and strengthen relationships
Provide flexible payment options with checks, Mastercard or AvidPay Direct - our enhanced direct deposit option
Control cash flow and minimize AP spend
Streamline workflows and AP processes
Reduce risk of fraud through electronic management of sensitive supplier bank account data

Typical Customers

  • Freelancers
  • Small Businesses (2-50)
  • Mid-size Companies (51-500)
  • Large enterprises (500 and more)

Deployment

  • Cloud-based
  • On-premise

Markets

Canada, United States

Supported Languages

English

Pricing starting from:

Not provided by vendor

  • Free Version
  • Free Trial
  • Subscription

Images

AvidXchange Software - AvidXchange offers customizable 2 and 3-way purchase order matching capabilities.
AvidXchange Software - All your invoices appear in once central dashboard, which lets you know which ones are pending action or approval. Help is just a click away with user guides and other how-to information available right within the platform.
AvidXchange Software - Digital invoices come with pre-populated data, as well as an image of the actual invoice and additional account information easily accessible.
AvidXchange Software - Payment batches are imported directly from your financial system. They can process automatically once approved, or go through an additional approval step in AvidPay called "pay control" that digitizes your check-signing process.
AvidXchange Software - Quickly pull custom reports on invoices and payments with robust search and export features inside AvidXchange products.
View 7 more
AvidXchange video
AvidXchange video
AvidXchange Software - AvidXchange offers customizable 2 and 3-way purchase order matching capabilities.
AvidXchange Software - All your invoices appear in once central dashboard, which lets you know which ones are pending action or approval. Help is just a click away with user guides and other how-to information available right within the platform.
AvidXchange Software - Digital invoices come with pre-populated data, as well as an image of the actual invoice and additional account information easily accessible.
AvidXchange Software - Payment batches are imported directly from your financial system. They can process automatically once approved, or go through an additional approval step in AvidPay called "pay control" that digitizes your check-signing process.
AvidXchange Software - Quickly pull custom reports on invoices and payments with robust search and export features inside AvidXchange products.

Features

Total features of AvidXchange: 58

  • ACH Payment Processing
  • Accounting Integration
  • Accounts Payable Software
  • Accounts Receivable Software
  • Ad hoc Reporting
  • Alerts/Notifications
  • Approval Process Control
  • Approval Workflow
  • Audit Trail
  • Bank Reconciliation
  • Billing & Invoicing
  • Billing Portal
  • Budgeting/Forecasting
  • Cash Management
  • Check Writing
  • Compliance Management
  • Configurable Workflow
  • Contact Database
  • Contact Management Software
  • Credit Card Management
  • Credit Card Processing
  • Customizable Reports
  • Data Security
  • Document Management Software
  • Electronic Funds Transfer
  • Electronic Payments
  • Fixed Asset Management Software
  • Fraud Detection
  • General Ledger
  • Inventory Management Software
  • Invoice Creation
  • Invoice History
  • Invoice Management
  • Invoice Processing
  • Mobile Payments
  • Multi-Currency
  • Online Invoicing
  • Online Payments
  • PO Reconciliation
  • Payment Processing Services Integration
  • Payment Processing Software
  • Payroll Management
  • Project Billing
  • Purchase Order Management
  • Purchasing & Receiving
  • Receipt Management
  • Recurring/Subscription Billing
  • Reimbursement Management
  • Reporting & Statistics
  • Reporting/Analytics
  • Requisition Management
  • Spend Control
  • Status Tracking
  • Supplier Management
  • Third Party Integrations
  • Time & Expense Tracking
  • Vendor Management Software
  • Workflow Management Software

Alternatives

NexusPayables

4.5
#1 Alternative to AvidXchange
Nexus helps to manage all areas of the accounts payable process, from purchasing, to invoice data capture; budgets and...

QuickBooks Online Advanced

4.4
#2 Alternative to AvidXchange
QuickBooks Online Advanced is a web-based accounting & business management solution which enables small businesses to...

Zoho Invoice

4.6
#3 Alternative to AvidXchange
Zoho Invoice is a 100% free, online invoicing software for freelancers and small to medium enterprises (SMEs). It helps...

Chargebee

4.4
#4 Alternative to AvidXchange
Chargebee helps you manage your recurring billing & subscriptions by working as a layer of billing intelligence on top...

Reviews

Overall rating

4.6 /5
(91)
Value for Money
4.5/5
Features
4.5/5
Ease of Use
4.6/5
Customer Support Software
4.3/5

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Showing 5 reviews of 91
Omikka
Overall rating
  • Industry: Commercial Real Estate Software
  • Company size: 51-200 Employees
  • Used Daily for 1+ year
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support Software
  • Likelihood to recommend 10.0 /10

Awesome for invoice tracking and AP

Reviewed on 2018-10-17

Pros

Very easy to set up and use, great customer service. Quick and easy to learn.

Cons

Indexers. Invisible trolls that come with the software who go in, pull the invoices and assign them where they want, so there may be invoices in random queues that are paid late, unless you check the random queues often.

Ella
Overall rating
  • Industry: Real Estate
  • Company size: 10,000+ Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support Software
  • Likelihood to recommend 9.0 /10

CPA review for multi entities billing process

Reviewed on 2021-08-19

Pros

store data and API filters and internal customer inter support - we value the support and continue education of the product

Alternatives Considered

QuickBooks Online Advanced

Reasons for Choosing AvidXchange

store data and API filters and internal customer inter support - we value the support and continue education of the product

Reasons for Switching to AvidXchange

store data and API filters and internal customer inter support - we value the support and continue education of the product
Grace
Overall rating
  • Industry: Real Estate
  • Company size: 11-50 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support Software
  • Likelihood to recommend 0.0 /10

Avoid at All Costs

Reviewed on 2019-06-13

Pros

There is not much we liked about using this software. The pricing is incredibly high when used with multiple bank accounts. We used the software to manage invoices for condo associations and if you are a property manager, we would highly recommend using Appfolio instead. The user interface is better and there is no charge for bank accounts or for invoice uploads. Plus the cost per invoice is much better in Appfolio.

Cons

The customer support is fairly slow and makes it really hard to solve issues that come up. It's not uncommon for a customer support ticket to remain open for weeks and to need to follow up multiple times. The straw that broke the camels back for us was when we transitioned out, we staying the software for a few days of the next month. The company would not prorate our bill even though we did not use the system in the final month. Bad customer service until the very end.

Kevin
Overall rating
  • Industry: Nonprofit Organization Management
  • Company size: 1,001-5,000 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support Software
  • Likelihood to recommend 10.0 /10

Comments

Reviewed on 2022-06-09

Pros

Time savings of opening mail and eliminating the USPS from the equation. We also like the auto tracking of invoices, where they came from and who has reviewed makes conversations easier.

Cons

during the upload process when errors occur there is not always a good explanation of the error and we are looking for a needle in the hay stack especially when large batches are completed.

Anne
Overall rating
  • Industry: Government Administration
  • Company size: 11-50 Employees
  • Used Daily for 1+ year
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support Software
  • Likelihood to recommend 9.0 /10

Avid review

Reviewed on 2022-04-27

Pros

The integration team, customer service and their response time has been great!

Cons

It would be great if multiple pages could be sent at a time and only select the pages you need for a specific invoice. It is quite time consuming to integrate with MRI's old HAB software. It's quite a bit more time consuming.

Showing 5 reviews of 91 Read all reviews

AvidXchange FAQs

Below are some frequently asked questions for AvidXchange.

AvidXchange offers the following pricing plans:

  • Free Trial: Not Available

Please contact AvidXchange for pricing information.

AvidXchange has the following typical customers:

2-10, 11-50, 51-200, 201-500, 501-1,000, 1,001-5,000

AvidXchange supports the following languages:

English

AvidXchange supports the following devices:

AvidXchange integrates with the following applications:

AccountMate, Acumatica Financial Suite, AppFolio Property Manager, Buildium, CINC, CMiC, COINS, Caliber, Condo Manager, Dynamics 365, Dynamics 365 Business Central, Entrata, JD Edwards EnterpriseOne, Jenark Property Management, Microsoft Dynamics GP, Microsoft Dynamics SL, NetSuite, OGsys, Open Systems, Oracle PeopleSoft, ProContractor, Propertyware, Quickbooks Online, RealPage, Rent Manager, ResMan, SAP Concur, Sage 100 Contractor, Sage 300 Construction and Real Estate, Sage 500, Sage 50cloud Accounting, Sage Intacct, Spectrum, Vantaca, ViewPoint, Viewpoint Team, Vista, Yardi Breeze, abcoa Deal Pack

AvidXchange offers the following support options:

Email/Help Desk, FAQs/Forum, Knowledge Base Software, Phone Support, Chat

Related categories

See all software categories found for AvidXchange.