Anybill vs. AvidXchange

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Anybill
Score 7.1 out of 10
N/A
Founded in 2001, Anybill provides end-to-end accounts payable automation for small to medium enterprises (SME), as well as some of the world’s largest corporations and institutions. Anybill’s cloud-based platform automates the accounts payable process, from invoice receipt and data capture to approval and payment. It provides control and visibility over the entire AP process with clear approval authority and robust reporting functionality.
$400
per month
AvidXchange
Score 7.3 out of 10
N/A
AvidXchange is an automated bill payment system.
$5,000
per license
Pricing
AnybillAvidXchange
Editions & Modules
Subscription
$400.00
per month
AvidXchange
5,000
per license
Offerings
Pricing Offerings
AnybillAvidXchange
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
AnybillAvidXchange
Features
AnybillAvidXchange
Payment Management
Comparison of Payment Management features of Product A and Product B
Anybill
-
Ratings
AvidXchange
9.8
Ratings
26% above category average
Customizable Approval Policies00 Ratings10.00 Ratings
Financial Document Management00 Ratings9.00 Ratings
Payment Status Tracking00 Ratings10.00 Ratings
Payment Audit Trail00 Ratings10.00 Ratings
Duplicate Bill Detection00 Ratings10.00 Ratings
Accounts Payable
Comparison of Accounts Payable features of Product A and Product B
Anybill
-
Ratings
AvidXchange
10.0
Ratings
41% above category average
Automated Accounts Payable Processes00 Ratings10.00 Ratings
Vendor Management00 Ratings10.00 Ratings
User Ratings
AnybillAvidXchange
Likelihood to Recommend
8.4
(0 ratings)
9.0
(0 ratings)
Likelihood to Renew
-
(0 ratings)
8.2
(0 ratings)
Usability
-
(0 ratings)
8.2
(0 ratings)
Availability
-
(0 ratings)
9.0
(0 ratings)
Performance
-
(0 ratings)
8.0
(0 ratings)
Support Rating
-
(0 ratings)
8.2
(0 ratings)
Implementation Rating
-
(0 ratings)
7.3
(0 ratings)
User Testimonials
AnybillAvidXchange
Likelihood to Recommend
Anybill would be a great fit for most companies, especially ones with a central support team. It's quite easy to use, so it doesn't require crazy expertise. Companies looking for a tool that simplifies invoice management, bill approval, and payment monitoring would be well served by Anybill.
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For a company who is needing to transition from paper invoices/manual approvals to an electronic solution, AvidXchange is an excellent option. It is very functional and will highly improve your invoice capability, the speed of invoice processing, and will help your overall accounts payable department. It also makes auditing much easier, where auditors are able to easily search invoices, see approvals, payment status, etc.
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Pros
  • Vendor management.
  • Integration with other software.
  • Invoicing and GST management.
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  • Automation: Every part of Avid's process is automated through the use of workflows established by the AvidXchange administrator. This allows all vested entities to review and approve the payment of an invoice in a timely manner.
  • Transparency: As an invoice goes through the review and approval process, every step is documented and available for review. This ensures all parties are appropriately vested in ensuring the timely approval of invoices for payment
  • Accuracy: Automating the AP process has helped to minimize the risk for errors that occur through manual invoice entry and approval.
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Cons
  • Tax schema can be confusing
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  • I really wish there was a way for AvidXchange indexers to "get to know" the companies they index for. The indexing policies are such that it leaves little room for common sense and I do a fair share of correcting workflows and such.
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Likelihood to Renew
No answers on this topic
At the moment we have a contract for another year, we are hoping there is improvement with the company to decide if we stay with them or change.
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Usability
No answers on this topic
AvidXchange is very easy to use and the customer service is always there is you need help or more training. New employees even comment on how easy it is to pickup the program.
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Support Rating
No answers on this topic
Except for occasional escalations needed to Level 2 support, they are efficient and quick with nearly all requests.
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Alternatives Considered
Anybill is better than any other software as it [can be] easy integrated with other applications which helps us to manage the entire process so easily from invoice generation to filling the ITR to paying the taxes. Such a user friendly software with [an] interactive graphical user interface is easy to access by any person without any training.
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At the time we moved to AvidXchange; CSI did not have the full functionality of processing invoice for payment. We only utilized them for specific vendor who took payments via virtual credit card. All invoices were processed in house by our AP Department.
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Return on Investment
  • increased efficiency of payment process
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  • 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.
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ScreenShots