AvidXchange

AvidXchange

AvidXchange

51 Reviews and Ratings

Overview
Product	Rating	Most Used By	Product Summary	Starting Price
AvidXchange	Score 7.3 out of 10	N/A	AvidXchange is an automated bill payment system.	$5,000 per license

Pricing

AvidXchange

Editions & Modules

AvidXchange: 5,000
per license

Offerings

Pricing Offerings
AvidXchange
Free Trial
No
Free/Freemium Version
No
Premium Consulting/Integration Services
No

Entry-level Setup Fee

No setup fee

Additional Details

—

More Pricing Information

Community Pulse
	AvidXchange
Considered Both Products	AvidXchange KR Kelsey Russell Corporate Accountant Chose AvidXchange I have not used another system. Incentivized Helpful? Verified User Anonymous Chose AvidXchange We are presently evaluating a move to Concur Invoice, not because of any real lack of functionality from AvidXchange, but simply because we have other business functions already on Concur Invoice. From what we have seen so far, the functionality is similar, though I believe … Incentivized Helpful? Verified User Anonymous Chose AvidXchange I haven't use any other products. Incentivized Helpful? KG Kaycie Grindstaff Finance Specialist Chose AvidXchange We use concur for our credit card processing and looked at using them for invoices. Overall, we picked [AvidXchange] based on the timeline on which they process invoices and how they are quick to index and quick to print checks. Incentivized Helpful? Suzanne Crockett Operations and Marketing Specialist Chose AvidXchange AvidXchange is the first automated AP system we've implemented within our company. Incentivized Helpful? BM Brian Murphy Director of JD Edwards Business Services Chose AvidXchange 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. Incentivized Helpful? Richard Maritt, CMCA, AMS Director of Training and Development Chose AvidXchange SIRE became bogged down over time, began having more downtime, worked slower than expected, and had stopped advancing the development of its features. As such, we had to find an alternative. For our size (not small and not big), we needed something which got narrowed down to … Incentivized Helpful? Lori Babaz Assistant Property Manager Chose AvidXchange I have only used one other product like AvidXchange. It was solely owned by a former employer that designed and implemented in-house. It was similar, however it was unable to run reports. I do like AvidXchange much better. Incentivized Helpful? Christina Honthy-Little Senior Property Manager Chose AvidXchange No comparison. Our national company recommends a small selection of A/P modules that integrate with our MRI accounting software. When the decision was made, it was a no-brainer to select AvidXchange, due to my prior knowledge and experience. Incentivized Helpful? Verified User Anonymous Chose AvidXchange I have not used any other program to compare with AvidXchange. Incentivized Helpful? Verified User Anonymous Chose AvidXchange I have not used another product like AvidXchange. Incentivized Helpful? SP Shannon Powers Manager of HRIS & AP Chose AvidXchange Stampli didn't give us all the accessibility that AvidXchange does. It limited us on some of the things we do in AvidXchange. We stayed with AvidXchange after the demo with Stampli. Incentivized Helpful?

Features

AvidXchange

Payment Management

Comparison of Payment Management features of Product A and Product B
	AvidXchange 9.8 Ratings 27% above category average
Customizable Approval Policies	10.00 Ratings
Financial Document Management	9.00 Ratings
Payment Status Tracking	10.00 Ratings
Payment Audit Trail	10.00 Ratings
Duplicate Bill Detection	10.00 Ratings

Accounts Payable

Comparison of Accounts Payable features of Product A and Product B
	AvidXchange 10.0 Ratings 40% above category average
Automated Accounts Payable Processes	10.00 Ratings
Vendor Management	10.00 Ratings

Best Alternatives
	AvidXchange
Small Businesses	Square 9 Softworks Score 9.1 out of 10
Medium-sized Companies	Square 9 Softworks Score 9.1 out of 10
Enterprises	Webexpenses Score 9.2 out of 10
All Alternatives	View all alternatives

User Ratings
	AvidXchange
Likelihood to Recommend	9.0 (0 ratings)
Likelihood to Renew	8.2 (0 ratings)
Usability	8.2 (0 ratings)
Availability	9.0 (0 ratings)
Performance	8.0 (0 ratings)
Support Rating	8.2 (0 ratings)
Implementation Rating	7.3 (0 ratings)

User Testimonials
	AvidXchange
Likelihood to Recommend	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. Incentivized Verified User Anonymous Read full review
Pros	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. Incentivized Suzanne Crockett Operations and Marketing Specialist Read full review
Cons	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. Incentivized Nancy Tricola Acct's Payable-Receiveable, Data Systems Management Read full review
Likelihood to Renew	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. Incentivized Verified User Anonymous Read full review
Usability	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. Incentivized SP Shannon Powers Manager of HRIS & AP Read full review
Support Rating	Except for occasional escalations needed to Level 2 support, they are efficient and quick with nearly all requests. Richard Maritt, CMCA, AMS Director of Training and Development Read full review
Alternatives Considered	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. BM Brian Murphy Director of JD Edwards Business Services Read full review
Return on Investment	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. Incentivized SP Shannon Powers Manager of HRIS & AP Read full review
ScreenShots