Put paper and manual data entry in the past. Using the same procedures and control processes you employ today, your invoices will be electronically submitted through our payment service.
Instead of watching invoices on the corner of your desk, you can watch them virtually in your approval queue from anywhere that you have an internet connection. Payments will be sent as preferred by vendor; ACH, credit card or check. No payment is transmitted until it receives final approval.
All of AvidXchange's solutions are SaaS based, which means that there is one platform for clients to login to for anytime, anywhere access to all invoice and payment data.
AvidXchange revolutionizes the way companies pay their bills by providing a solution that streamlines the entire Accounts Payable process--from invoice receipt through vendor payment. The AvidXchange Suite mirrors your existing invoice approval/AP process. Paper invoices are either scanned or electronically submitted to AvidXchange. Invoices are automatically coded, assigned to the appropriate workflow and routed electronically for approval. Once the invoice is approved for payment, the vendors will receive the payment in their preferred type, including a variety of ePayment methods and checks.
Take a two or four minute tour of what AvidXchange can do for you.
Capture
Invoice submission and receipt is automated. Invoices are electronically captured to the secured data center via one of the following means:
- Email Submission
- Secure Web Submission
- Upload Electronic Files, Such as PDF or CSV
- Specialized Applets
Route
Mirroring your current process, information is routed through your corporation for processing via your approval workflow.
Report
All users have the ability to do ad hoc searching and reporting from the system which functions as the client's "electronic file cabinet" for AP documents. Within the application, users can access invoices based on their role/permissions in the system and to which properties they have access. Users can search for invoices by invoice number, purchase order number, work order number, date range, vendor, GL codes, invoice status, properties/entities, assigned user, or type of invoice. Users can then immediately create an ad hoc report of their search results by identifying key information for each invoice they would like to have included in report.
Integrate
AvidXchange has standard integration to more than 50 accounting systems, so you can easily get started with AvidXchange. No worries if we have not already integrated to your accounting system, our integration team can work with you to build one.
Control
Approvers can have the same level of control they do today by enabling them to approve invoices and payments based on the same rules their business currently has in place – including things like thresholds and double signatures. No payment is transmitted until it receives final approval. Instead of watching it on the corner of your desk, you can watch it virtually in your approval queue from anywhere you have an internet connection.
Pay
AvidPay enables companies to pay vendors in the format chosen by the vendor while maintaining all of their banking relationships and their current approval workflows. AvidPay's PayControl feature creates flexibility for things such as step level approvals and multiple approvers. So, you can keep your process, but cancel that order for check stock and ink.
Efficiency
Eliminate paper checks from your company's payment process. No printing, stuffing, mailing, or signing a check. Reduce your payment processing costs by 60%, or more. Eliminate your need to manage vendor data, including accepted payment types.
Visibility
Gain real-time access to the status and approvals of payments 24/7, and receive all payment details for easy tracking, research, and reconciliation.
Control
Approvers to have the same level of control that they do today by enabling them to approve based on the same rules their business has in place currently for thresholds and double signatures. No payment is transmitted until it receives final approval, so instead of watching it on the corner of your desk, you can watch it virtually in your approval queue from anywhere that you have an internet connection.
AccountMate
Acumatica
AMSI
BankTEL
BJ Murray
Backbaud
Caliber
CenterSoft
CTI
Data Plus Hospitality
Deltek Vision
Deltek GCS
fiserv - IPS Sendero Classic
fiserv - IPS Sendero Prologue
Harland Financial Solutions
Home Grown Systems
ibs (Integrated Business Systems)
infor
Intacct
JD Edwards - OracleJenark
Maxwell Colonial Systems
MDS - Property Managemet Software
Microsoft Dynamics - AX GP SL NAV
MRI Software
NETSUITE
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Oracle Peoplesoft Express
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intuit Quickbooks
RealPage
Rent Manager
Sage
SAP
SSIC Skyline
SOS Corporation
SoftWare innovations Inc.
SPECTRUM Construction Software
Rginoaib Ewyrwea OneSource
TOPS Software
Yardi
