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What is AvidXchange?

AvidXchange revolutionizes payment processes for businesses, enabling them to concentrate on their core priorities. Our accounts payable (AP) solutions empower clients to enhance efficiency, transparency, and authority within their AP workflows.

Enhance Efficiency: Expedite the approval of invoices and minimize administrative burdens, allowing team members to engage in more critical initiatives.

Boost Transparency & Authority: Achieve immediate insights into the status of invoices and payments while crafting personalized workflows to align with your approval requirements.

Access Anytime, Anywhere: Enhance productivity and eliminate delays by managing AP responsibilities around the clock.

Moreover, AvidXchange, Inc. operates as a licensed money transmitter for B2B payments across the U.S., holding a Money Transmitter license from the New York State Department of Financial Services, along with other states necessitating such a license. This extensive regulatory compliance underscores our commitment to secure and reliable financial transactions.

Screenshots and Video

Digital invoices come with pre-populated data, as well as an image of the actual invoice and additional account information easily accessible.

Digital invoices come with pre-populated data, as well as an image of the actual invoice and additional account information easily accessible.

Company Facts

Company Name:
AvidXchange
Date Founded:
2000
Company Location:
United States
Company Website:
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Product Details

Deployment
SaaS
Training Options
Documentation Hub
Online Training
Webinars
On-Site Training
Video Library
Support
Standard Support
Web-Based Support

Product Details

Target Company Sizes
11-50
51-200
201-500
501-1000
1001-5000
5001-10000
10001+
Target Organization Types
Mid Size Business
Small Business
Enterprise
Nonprofit
Supported Languages
English

AvidXchange Categories and Features

Spend Management Software

Approval Workflow
Budgeting / Forecasting
Expense Tracking
Multi-Currency
Prepaid Cards
Procurement Management
Receipt Management
Spend Analysis
Spend Control
Supplier Management

Payment Processing Software

ACH Check Transactions
Bitcoin Compatible
Debit Card Support
Gift Card Management
Mobile Payments
Online Payments
POS Transactions
Receipt Printing
Recurring Billing
Signature Capture

Expense Report Software

Approval Process Control
Invoice Management
Multi-Currency
Receipt Management
Reimbursement Management
Spend Control
Time Tracking
Workflow Management

Billing and Invoicing Software

Billing Portal
Contact Database
Contingency Billing
Customer Portal
Customizable Invoices
Dunning Management
Hourly Billing
Invoice History
Mobile Payments
Multi-Currency
Online Invoicing
Online Payments
Payment Processing
Project Billing
Recurring/Subscription Billing
Service Ticket Billing
Tax Calculator

Accounts Payable Software

Approval Process Control
Bank Reconciliation
Cash Management
Check Writing
Duplicate Payment Alert
Fraud Detection
General Ledger Entry
Vendor Management

More AvidXchange Categories

  • Reviewer Name: Alexis B.
    Position: Director of Construction and Development Accounting
    Has used product for: 2+ Years
    Uses the product: Daily
    Org Size (# of Employees): 26 - 99
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Seasoned User Still Feels Like A Gamechanger

    Date: Feb 06 2025
    Summary

    Overall, I believe that Avid is on the forefront of AP Automation, and with technology will continue to improve. It helped us meet our goals in automation and efficiency and allowed us to increase our volume while retaining the same staff.

    Positive

    Ease of use/navigate/setup.
    Integration into our ERP.
    Ability to setup multi-level approvals.
    Electronic payments not offered before.
    Elimination of paper and cost savings.

    Negative

    Support steps/not having a single contact.
    90 day uncashed check period.
    Delay when a VCC is not processed and switched to check.

    Read More...
  • Reviewer Name: Nicole H.
    Position: VP Controller
    Has used product for: 2+ Years
    Uses the product: Daily
    Org Size (# of Employees): 26 - 99
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Integrated and Efficient

    Date: Feb 06 2025
    Summary

    AvidXchange meets most daily needs for accounting of payables and assets. Integration to the core system is very reliable and efficient.

    Positive

    Integration to the core system and seamless flow of payments from invoice to maintaining asset records.

    Negative

    Limitations in the company set up, report exports and inconsistent audit records.

    Read More...
  • Reviewer Name: Lindsey W.
    Position: Accounts Payable Manager
    Has used product for: 1-2 Years
    Uses the product: Daily
    Org Size (# of Employees): 100 - 499
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Worth The Hype

    Date: Feb 06 2025
    Summary

    Overall AvidXchange has been a great success and Im glad that we made the change. With a couple glitches I feel that AvidXchange is making great progress to fix the challenges that have come up.

    Positive

    With seamless integration, AvidXchange makes it easy to process invoices and payments. Reduces Administrative workloads so focus can be put on other task at hand.

    Negative

    With an accounting software there's always the occasional technical issues. There has been some integration challenges when it comes to our budget module.

    Read More...
  • Reviewer Name: Katie K.
    Position: Principal, CFO
    Has used product for: 2+ Years
    Uses the product: Daily
    Org Size (# of Employees): 1 - 25
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Excellent Efficiency Tool

    Date: Feb 15 2025
    Summary

    Easy to use, much easier and quicker than processing manual checks! Avid helps with setup and got everything integrated with our software Vantaca. This is all done at a low cost to our Associations/ customers. The cost is less than stamps would be each month if we processed manually.

    Positive

    Easy to use, much easier and quicker than processing manual checks! Avid helps with setup and got everything integrated with our software Vantaca

    Negative

    Sometimes if a vendor doesn't receive the check, that creates a hassle as the funds have already been withdrawn from the account. Have to create a stop pay and wait for funds to be returned first before re-issuing new check.

    Read More...
  • Reviewer Name: Ella H.
    Position: CPA
    Has used product for: 2+ Years
    Uses the product: Daily
    Org Size (# of Employees): 100 - 499
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Being client-obsessed with Consistent Excellence

    Date: Mar 05 2025
    Summary

    Overall, AvidXchange offers a robust solution for automating accounts payable processes. I find that the benefits of using AvidXchange outweigh the drawbacks. Occasionally, invoices can get stuck in the system, requiring manual intervention. It’s a powerful tool for streamlining accounts payable processes and improving overall efficiency.

    Positive

    AvidXchange has several standout features that make it a popular choice for accounts payable automation - collectively help businesses save time, reduce costs, and improve overall efficiency.Extensive Integrations integrates well with various accounting and ERP systems, making it adaptable to different business environments

    Negative

    While AvidXchange has many strengths, there are a few areas where users in my office experienced challenges - Mobile App currently lacks a dedicated mobile app, which can be inconvenient for users who need to manage accounts payable on the go

    Read More...
  • Reviewer Name: Shannon P.
    Position: Manager of HRIS & AP
    Has used product for: 2+ Years
    Uses the product: Daily
    Org Size (# of Employees): 26 - 99
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    AvidXchange saves time and money

    Date: Feb 06 2025
    Summary

    AvidXchange has made the processing of invoices much quicker and smoother with the appropriate work flows along the way. It has cut hours of work in our company.

    Positive

    I love the capture feature the most and how it learns more as you use it. The ease of use of the entire program is also a plus. It doesn't take long to train employees to use. Workflows can be created easily and exactly as needed.

    Negative

    The biggest issue is when the system is down and we have to wait for it.

    Read More...
  • Reviewer Name: Derreck M.
    Position: Accounts Payable
    Has used product for: 2+ Years
    Uses the product: Daily
    Org Size (# of Employees): 100 - 499
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    AvidXchange Review

    Date: Feb 13 2025
    Summary

    My overall experience was good. AvidXchange integrates with various enterprise resource planning (ERP) systems like QuickBooks, SAP, and Microsoft Dynamics, which makes it easier to incorporate into your existing workflow.

    Positive

    AvidXchange automates invoice processing, approvals, and payments, reducing manual work. This can save time, improve accuracy, and streamline workflows by reducing the need for manual data entry, paperwork, and in-house staff. It can significantly lower operational costs in the long run.

    Negative

    While the software is powerful, it can take time to learn the system; particularly for non-technical users or those unfamiliar with accounts payable automation.

    Read More...
  • Reviewer Name: A Verified Reviewer
    Position: Budget and Reporting Specialist
    Has used product for: 2+ Years
    Uses the product: Weekly
    Org Size (# of Employees): 100 - 499
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Great invoice processing platform

    Date: Feb 11 2025
    Summary

    AvidXchange has been a great product for us for over 7 years, allowing us to take our AP process fully electronic.

    Positive

    Powerful controls, automated invoice processing, greatly reduces time required by our AP staff and allows us to keep staffing costs down

    Negative

    Lack of a robust API back-end limits our integration abilities

    Read More...
  • Reviewer Name: Richard G.
    Position: Director - Information Technology
    Has used product for: 2+ Years
    Uses the product: Daily
    Org Size (# of Employees): 26 - 99
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    AvidXchange - Best in Class AP Automation

    Date: Feb 06 2025
    Summary

    The product is easy to use, easy to deploy, and has grown seamlessly as we have grown our business. The growth of AvidXchange has made our growth easier as many of our new suppliers are already familiar with Avid.

    Positive

    Automating our AP back office through AvidXchange was a great decision. The product is easy to use, easy for our supplier base to use, and extremely efficient and cost effective.

    Negative

    There is nothing we do not like about the product; it has enabled us to automate our AP processing and be paperfree.

    Read More...
  • Reviewer Name: Hope S.
    Position: Asst VP Operations
    Has used product for: 2+ Years
    Uses the product: Weekly
    Org Size (# of Employees): 26 - 99
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Accounts Payable Made Easy

    Date: Feb 06 2025
    Summary

    I would recommend AvidXchange to anyone looking for a quick, low maintenance, affordable accounts payable system that is easy to use.

    Positive

    AvidXchange is very easy to use and navigate. It offers an audit trail feature that we love and researching issues is a breeze.

    Negative

    We have not run across any issues that we have been unhappy with.

    Read More...
  • Reviewer Name: A Verified Reviewer
    Position: Finance Manager
    Has used product for: 2+ Years
    Uses the product: Daily
    Org Size (# of Employees): 500 - 999
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    AvidXchange Best in Show

    Date: Feb 06 2025
    Summary

    Avid allows us to run a very large AP program with minimal AP staff and eliminates paper and hard files. Their customer service is excellent for both the company and our vendors.

    Positive

    Elimination of paper. Clear accounting trail from invoice creation to payment. Clear system for approvals of both invoices and payments. Ability to add supplemental documents and notes to invoices.

    Negative

    Vendor ACH payment fees are very high. Inability to view vendor payment set-up so we are unable to help them when they have payment method questions.

    Read More...
  • Reviewer Name: A Verified Reviewer
    Position: Accounts Payable
    Has used product for: 2+ Years
    Uses the product: Daily
    Org Size (# of Employees): 100 - 499
    Feature Set
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Avid Review

    Date: Feb 13 2025
    Summary

    Honestly in the beginning many did not like Avid but most of staff has noticed that having real time updates is helpful

    Positive

    Avid provides real time Date and updates. Prevents loss of invoice and miscommunication between everyone involved in the workflow.

    Negative

    Avid does not have a good customer service team to answer unrecognized charges

    Read More...
  • Reviewer Name: A Verified Reviewer
    Position: Property Accountant
    Has used product for: 1-2 Years
    Uses the product: Daily
    Org Size (# of Employees): 26 - 99
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    User friendly software

    Date: Feb 09 2025
    Summary

    Overall I have found it to be user friendly and helpful in streamlining the payables process. They make my job much easier on a daily basis.

    Positive

    I like the ease of use and having all the payables mostly automated and in one place. Also love the software’s ability to read the invoices and input most of them automatically.

    Negative

    It is time consuming to make changes to vendors when you use them for multiple entities.

    Read More...
  • Reviewer Name: Cooper D.
    Position: Office Manager
    Has used product for: 2+ Years
    Uses the product: Weekly
    Org Size (# of Employees): 500 - 999
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    It is a MUST!

    Date: Feb 13 2025
    Summary

    Overall, my experience with AvidXChange has been positive. The platform has greatly improved efficiency in processing invoices and payments, reducing manual workload and minimizing errors. I appreciate its tracking features, which make it easy to monitor approvals and expenses. While there are occasional slowdowns and some aspects of the interface could be more user-friendly, the benefits far outweigh the drawbacks. AvidXChange has been a valuable tool in streamlining financial processes and enhancing workflow management.

    Positive

    I like AvidXChange for its efficiency in processing invoices and payments. It streamlines my workflow, reducing manual data entry and errors. I also appreciate its tracking features, which make it easier to monitor approvals and expenses.

    Negative

    I found AvidXChange to be somewhat slow at times, which can be frustrating when processing multiple invoices. The interface isn't always the most user-friendly, and searching for specific invoices or payments could be tedious.

    Read More...
  • Reviewer Name: Joshua F.
    Position: Accounting Specialist
    Has used product for: 2+ Years
    Uses the product: Daily
    Org Size (# of Employees): 26 - 99
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    My Experience with AvidXchange

    Date: Feb 06 2025
    Summary

    My overall experience with AvidXchange has been rewarding and has been a significant asset to not only my department, but also my institution as a whole.

    Positive

    I appreciate the ease of use in the user interface. The user experience can be daunting to new users due to the sheer breadth of the applications. Nonetheless the experience has a low skill floor with a high skill ceiling given the various ways to navigate the various applications and modules.

    Negative

    The reporting tools can be equal parts deeply informative and restrictive. I believe that boolean is simple and helps streamline the reporting process, but it's also restrictive and can make writing reports yielding specific information to be a challenge. Furthermore, separating information for reporting by certain functions is limiting when there is information I want from one section that's unavailable when building the bulk of my reports in another section of reports. (Like building an approvals report using the historical categories and wanting to use information from the approvals reports within the vendor categories)

    Read More...
  • Reviewer Name: A Verified Reviewer
    Position: Accounts Payable
    Has used product for: 2+ Years
    Uses the product: Daily
    Org Size (# of Employees): 100 - 499
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    AvidXchange

    Date: Feb 06 2025
    Summary

    Avid has made AP invoices processing easier. Vendors are able to go directly to the Avid to get payment updates or can easily search for payment info with Avid

    Positive

    The exact time stamp that Avid provides is phenomenal. Does not allow for misinformation to be committed easily.

    Negative

    Customer service email does not respond to emails and concerns.

    Read More...
    1 user found this review useful.
  • Reviewer Name: A Verified Reviewer
    Position: Accounts Payable Associate
    Has used product for: 1-2 Years
    Uses the product: Weekly
    Org Size (# of Employees): 26 - 99
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    I really enjoy working with Avid

    Date: Feb 06 2025
    Summary

    I have really enjoyed working with Avid.

    I greatly appreciated their training process. We held weekly meetings to discuss our business needs, continuing even a few weeks post-launch.

    I also like that I can communicate with our different teams within Avid to streamline our process.

    Positive

    I greatly appreciated their training process. We held weekly meetings to discuss our business needs, continuing even a few weeks post-launch.

    I also like that I can communicate with our different teams within Avid to streamline our process.

    Negative

    There is a feature to organize invoices, but it does not work.

    Read More...
  • Reviewer Name: Nick R.
    Position: Director of Finance
    Has used product for: 1-2 Years
    Uses the product: Daily
    Org Size (# of Employees): 1 - 25
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Avid for AP!

    Date: Feb 19 2025
    Summary

    Overall, I have had a great experience using Avid. We were one of the first to use the API functionality with MIP Accounting, and I am glad we made the switch. We save at least 0.5 FTE's on AP. If not for the complaints about the calls to vendors, I would have given 5 stars.

    Positive

    I really like the ability to process AP while not physically on location. In a hybrid work environment, it is seamless and managers can sign off on invoices no matter where they are. I also like that there is a digital records trail of the invoices, approvals, and processing. This has been incredibly helpful during audit season.

    Negative

    There were some calls to our community partner vendors informing them of the ability to receive payment via ACH, where the person reaching out made it sound like ACH payments were the only option. I had to clarify with our partners that paper checks were an option, but they were under the assumption after the communication that their only option was to accept the ACH form of payment and pay a fee. I reached out to sales and they said this was unacceptable and they would rectify the situation. Since then, I have not received any more complaints.

    Read More...
  • Reviewer Name: Maya C.
    Position: CFO
    Has used product for: 2+ Years
    Uses the product: Daily
    Org Size (# of Employees): 100 - 499
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    AvidXchange Review

    Date: Feb 06 2025
    Summary

    Overall, I would recommend AvidXchange. It has allowed to streamline approvals and easily integrate with NetSuite. Its also very flexible in that it picks up custom fields we use in NetSuite.

    Positive

    We have automated our AP approval flow as its now all don't in the system rather than manual handwritten approvals. All end users have taken onto the new flow and it has shortened our monthly close process.

    Negative

    The portal look and feel can be updated to be more modern.

    Read More...
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