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AvidXchange

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Intelligent AP solutions backed by experts to increase efficiency with AI and automation.

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Reviews onG2Capterra
510 reviews tracked

The Bottom Line

Entry price

Paid plans only

Biggest pro

Significantly reduces manual processing time and improves accuracy.

Biggest con

No free tier or trial explicitly mentioned.

TL;DR - AvidXchange

  • Automates accounts payable processes using AI for efficiency and control.
  • Integrates seamlessly with over 200 existing accounting systems and ERPs.
  • Offers flexible payment options for suppliers through the AvidPay Network.
Pricing: Paid only
Best for: Enterprises & pros
4.4/5 across review platforms

What is AvidXchange?

Editorial review
AvidXchange provides comprehensive Accounts Payable (AP) automation software designed for finance teams in growing middle-market companies. It transforms how businesses receive, manage, and pay bills by leveraging AI and automation to increase efficiency, visibility, and control. The platform seamlessly integrates with existing accounting systems and ERPs, connecting users to a large supplier network to process invoices and make payments without manual paper handling. Beyond direct AP automation for finance teams, AvidXchange also offers an 'AP as a Service' solution for ERPs and accounting systems, providing a fully managed AP infrastructure that can be embedded into platforms for immediate value. For suppliers, the AvidPay Network offers fast, secure, and flexible payment options, including Virtual Credit Card, AvidPay Direct, or mailed checks, supported by a dedicated team. The solution aims to streamline the entire purchase-to-pay process, reduce errors, strengthen supplier relationships, and enable scalability.

Available on: Web

Pros & Cons

Pros

  • Significantly reduces manual processing time and improves accuracy.
  • Provides a centralized, secure platform for increased visibility and control.
  • Seamlessly integrates with existing accounting systems, avoiding system replacement.
  • Strengthens supplier relationships by offering preferred payment methods and timely payments.
  • Enables scalability and allows teams to focus on strategic work.

Cons

  • No free tier or trial explicitly mentioned.
  • Implementation can take up to six weeks.

Ratings Across the Web

4.4(510 reviews)

Ratings aggregated from independent review platforms. Learn more

Key Features

AI-enhanced invoice automationAutomated B2B payment processing (Virtual Credit Card, AvidPay Direct, mailed checks)Purchase order automation with invoice matching and visual approvalsCentralized view of payables process with intelligent reportingCustomizable workflows and full audit trailIntegration with over 200 accounting systems and ERPsSupplier Hub for payment options and supportData capture at header and line-item level

Pricing

Paid

AvidXchange offers paid plans. Visit their website for current pricing details.

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Reviews

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4.4/5

Across 510 verified user reviews on G2, Capterra

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AvidXchange FAQ

How does AvidXchange help finance teams manage invoices and payments?

AvidXchange provides comprehensive Accounts Payable (AP) automation software that transforms how businesses receive, manage, and pay bills. It leverages AI and automation to increase efficiency, visibility, and control throughout the entire purchase-to-pay process. The platform connects users to a large supplier network to process invoices and make payments without manual paper handling.

Which teams benefit most from implementing AvidXchange?

AvidXchange is designed for finance teams in growing middle-market companies seeking to automate their Accounts Payable processes. It enables these teams to reduce errors, strengthen supplier relationships, and focus on more strategic work by streamlining invoice and payment management.

How does AvidXchange compare to a competitor like Bill Com?

AvidXchange specializes in comprehensive AP automation for middle-market companies, integrating with existing accounting systems and offering an 'AP as a Service' solution. It also provides a dedicated team to support suppliers through the AvidPay Network, offering various payment options.

What kind of integration capabilities does AvidXchange offer?

AvidXchange seamlessly integrates with existing accounting systems and ERPs, avoiding the need for system replacement. This allows businesses to connect to a large supplier network and process invoices and payments efficiently within their current infrastructure.

How is AvidXchange priced?

AvidXchange is a paid product and does not include a permanently free tier. Its pricing model is structured to provide comprehensive AP automation solutions for businesses.

Can AvidXchange support suppliers with different payment preferences?

Yes, the AvidPay Network offers fast, secure, and flexible payment options for suppliers. These options include Virtual Credit Card, AvidPay Direct, or mailed checks, all supported by a dedicated team.

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