AvidXchange is an industry leader in automating invoice and payment processes for mid-market organizations–your mission is your top priority. Your accounts payable is ours!
Is Your Team Using Their PTO?
AvidXchange’s latest resource delves into how to maintain efficiencies even when team members are out on PTO. With accounts payable (AP) automation, your team can truly unplug without worrying about paralyzing workflows or damaging vendor relationships.
Ready to harness the power of team PTO?
Paperless Invoice Processing
Our invoice management system is built to automate your company’s current invoice processing. We capture and digitize 100% of your invoices using our AI-technology on your behalf. No matter how many invoices you have, they’ll be automatically coded, assigned to the appropriate workflow, and routed electronically for invoice approval. Once invoices get your stamp of approval, they flow into your ERP for automated payment processing.
Bill Payment Automation
AvidPay is our full-service bill payment software. Trade in paper, stamps, and wasted time for a few simple clicks to pay all of your vendors without worry. Get your suppliers paid faster than ever with flexible, managed payment options like Mastercard, AvidPay Direct (our Enhanced Direct Deposit option) or check. With 90+ team members dedicated to onboarding your suppliers and ensuring they get paid on-time, there’s a reason we have a 97% supplier retention rate. For added security, Positive Pay files are generated on all check payments and payment approvals increase payment controls while eliminating the need to physically sign checks.
AvidXchange Integrates With Your Accounting System
We’ve created over 220 integrations between our AP automation software and widely used accounting systems, meaning your current system can remain intact while streamlining your existing processes.
Automated Approval Workflows
Create an unlimited number of approval workflows that mimics your current approval process, while granting user permissions to control access. Employees can easily track and manage approvals from any device. All of this allows for real-time access to invoice statuses for visibility into your entire payables process.
Purchase Order Matching
AvidInvoice together with AvidBuy, AvidXchange’s purchase order management application, can reduce unapproved purchases, coding errors, and unnecessary delays in your PO process. These solutions automatically code, assign to the appropriate workflow, and electronically route each invoice and PO for approval. Their 2- and 3-way PO matching feature automates the matching of POs with both invoices and receipts, saving you time, increasing financial efficiency, and maintaining control.
The Power of AvidXchange
- Launched in 2000
- Went public in Oct. 2021
- Over 1,600 employees
- Support 8,000 customers across North America
- $180 billion in spend under management in 2021
- 825,000 suppliers paid through the AvidPay Network over the last 5 years
Request a Demo
Ready to say goodbye to manual invoice and payment processing? Schedule a demo to see how AvidXchange’s AP software solutions can help your business save time and money.