AvidXchange

AvidXchange

By: AvidXchange

AvidXchange is an account payable management system with a distinguishing feature. This feature is its power automated workflows, which can drastically reduce both the pressure on the employees of the accounts department and the scope of human-based errors. It is also designed to have a minimal cost and resource footprint on the company owing to it being hosted on a secure, auto-maintained cloud network.

Based on 92 Votes
Top AvidXchange Alternatives
  • FreshBooks
  • QuickBooks
  • Bonsai
  • Holded
  • Outright
  • e-conomic
  • Sage 50
  • OnlineInvoices
  • Vyapar
  • Spendesk
  • Tipalti
  • Tallie
  • Expensya
  • Happay
  • Webexpenses
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Top AvidXchange Alternatives and Overview

1

FreshBooks

FreshBooks is an intuitive accounting software that you can access from anywhere, with automatic upgrades.

By: 2ndSite Inc. From Canada
Based on 287 Votes
2

QuickBooks

QuickBooks is an online accounting software that you can access and manage from anywhere.

By: Intuit Inc. From USA
Based on 1464 Votes
3

Bonsai

Bonsai is an invoicing tool that does more than taking care of bills.

By: MTB Projects Corp.
Based on 10 Votes
4

Holded

Holded is an online utility of products that aid in sales and purchase management, along with support for CRM, accounting, invoicing, and project management.

By: Holded Technologies SL
Based on 4 Votes
5

Outright

Outright allows you take your small business finances in one place, with simple invoicing and bookkeeping.

By: Godaddy Inc From USA
Based on 25 Votes
6

e-conomic

E-conomic is a popular Dutch e-commerce site that offers accounting services to over 130k companies worldwide.

By: Visma e-conomic A/S
Based on 1 Vote
7

Sage 50

Has a simple yet powerful desktop software with various accounting features...

By: Sage Group plc
8

OnlineInvoices

This integrated application supports all kinds of essential services in accurately managing costs and payments...

By: OnlineInvoices
Based on 1 Vote
9

Vyapar

It helps the businessmen cut the daily hassles and make their business processions much easier...

By: Nudge Rewards
Based on 16 Votes
10

Spendesk

It is a spend management system...

By: Spendesk
Based on 10 Votes
11

Tipalti

Using this system, you can streamline all the processes that your Account Payable department has...

By: Tipalti
Based on 38 Votes
12

Tallie

Wherever you are, you can export your payments directly to bill pay systems for correct...

By: Certify
Based on 33 Votes
13

Expensya

Its simple interface and numerous features make it a must-have for every company on the...

By: Expensya
Based on 26 Votes
14

Happay

This system is also an intelligent management software that contains Happay prepaid visa cards...

By: Happay
Based on 72 Votes
15

Webexpenses

You can use it stand-alone or integrate it with other existing software for making...

By: Signifo
Based on 13 Votes

AvidXchange Review and Overview

Over the years, many platforms have surfaced in the market, touting themselves as the best available one for accounts payable and invoice management. However, only AvidXchange has ever lived up to that claim. This is made possible with its extensive automation framework, which allows it to integrate with accounting platforms and do several tasks automatically and effortlessly. The system can even send procurement and inventory filling orders to the required suppliers automatically, making it truly one of a kind.

Fast payment for better business relations

No supplier wants to supply a company when it has outstanding payments or pays with delays, regardless of it being their own fault or a problem in the payment system itself. Thankfully, the AvidXchange AP platform ensures that the payment system is also working autonomously and optimally. The system has a reliable automated workflow where the company can customize by adding approval agents. The system first gets a record of invoices through its integrations, from where the company decides to pay. The set parties first approve these payments, and then the system automatically pays the supplier through a secure account.

AvidXchange-assisted invoicing

Invoicing systems get better and better with AvidXchange. The AvidXchange Invoice platform can be used by both the company and the supplier to create and distribute invoices in a better, error-free, and automated manner. The system receives digital invoices from the supplier which are easily manageable and readable by the platform. Suppliers may also mail invoices if necessary, but the invoice will always be converted to a digital form when received by the company. This allows for additional management options like direct payments, extended organization, and reporting capabilities. Companies may even set invoice approval workflows from one place.

Supply and purchase management in-built

AvidXchange comes with purchase management systems embedded into it. This means that the system can autonomously handle purchase orders when required by the company. The company just needs to convey its order to the system, and the rest is handled through an automated workflow, which includes approvals, order sending, and payments. The system carefully tracks every process, and the company can get information through notifications.  

Company Information

Company Name: AvidXchange

Founded in: 2000