AVIDXCHANGE™
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Accounts Payable and Payment Automation Cloud Software
AvidXchange is a cloud-based accounts payable automation software solution that eliminates the burden of manual entry and physical system maintenance from AP personnel. Leveraging payment automation SaaS in a completely digital platform removes the need for paper-based accounting and allows you to migrate to electronic invoicing and bookkeeping. Time-consuming procedures are replaced with automated features accessed through a secure cloud connection that permits managers enhanced permission controls and to execute on approvals in real-time.
Streamlining your accounts payable processes with modern payment automation technology in the cloud ensures more efficient workflows and decreases the risk of downtime at integral financial junctions. AP automation software enables your accounting personnel to allocate their input more strategically, instead of being consumed with managing repetitive manual tasks and physical data entry with pen and paper. With AvidXchange, tedious invoice processing and auditing activities can be cut down to within hours, freeing up your finance operations to focus on duties that actually generate value for your business.
Deploying AP automation as SaaS also allows for easier implementation, with a 45-day installation guarantee by AvidXchange. Accounts payable process automation in the cloud grants you improved visibility into your payments accounting activities and helps you keep close track of your vendor information for fast execution. When integrated with your Sage 100cloud, Sage X3 or Acumatica ERP, this combination will extend the native accounts payable functionality of your enterprise software and let you take advantage of a true AP invoice automation solution.
AvidXchange Overview
Invoice Processing Service
The AvidXchange Invoice Service allows you to migrate all of your manually entered on-paper receipts and records to a centralized electronic platform that is accessible from anywhere at any time. Detailed digital invoice automation allows you to track statements from inception to submission and enables precise financial reporting. AvidXchange delivers real-time visibility and access to invoice processing through the Web, giving you the ability to achieve better control over your cashflow.
AvidXchange AP invoice automation software gives you the most out of your accounts payable process, with quick submission features, automated alerts, and more that allows you to stay on top of your finance statements in real-time with the cloud.
Payment Process Service
The AvidPay Payment Processing Service reduces processing costs and enables you to maintain real-time visibility when monitoring your electronic payments. Ready access to supplier banking information and payment procedures, along with customizable approval systems, provide a more streamlined accounting experience for your AP team. Adapt your solution to your existing processes instead of being held down by your system, and ensure secure approvals with automated payment management and verification.
Purchase Orders and Procurement
The AvidXchange Purchase Order Application combines with additional software features to feed you consolidated data and a comprehensive PO solution. Automated invoice matching, requisition creation and product tracking provides your AP team with visibility into the entire procurement chain from purchase to delivery. AvidXchange handles the heavy lifting while still allowing you control over the process with purchase approval checks, reconciliation, and analytics that let you cut down on wasteful spending.
Supplier and Vendor Management
AvidXchange provides a dedicated e-payment network supported by a Payment Services Team that allows your partners to choose their preferred method of payment. Whether check, card, or any other form, this dedicated Team works diligently to ensure that your supplier’s accounts receivable personnel get their due. Over 500,000 vendors trust the AvidPay network to facilitate their payments for goods and services.
Create-A-Check Printing and Writing
The AvidXchange Create-A-Check application allows you to print MICR checks onto blank check stock and generate basic ACH, EFT and wire payments locally to your bank account. This simple system can be used with any payment method, with AvidPay delivering it directly to your vendors in ten seconds or less. Whether paper or digitized, every check you print or e-payment sent will be protected by encryption.
Utility Bill Management
The Utility Bill Analytics and Reporting (UBAR) service from AvidXchange delivers comprehensive utility bill invoice and cost management. Capture a detailed and more accurate view of your energy usage and billing with UBAR’s six-step validation process, and free up your AP team from utility bill management with robust payment and reporting automation.
AvidXchange Helps AP Personnel Save Time, Money and Pain by Automating Accounts Payable Functions
AP Automation for Acumatica and Sage
Expand the accounts payable features in your enterprise system by integrating AvidXchange with your ERP. Enable AP automation for over 150 accounting applications.
Don’t Get Left Behind
Digital payments are transforming the landscape indefinitely. A majority of American adults are doing their banking online now. Moving from paper invoices and manual processing will not only save you considerable time and money, but will also enable you to interact with your customers much more seamlessly. An automated AP system will fundamentally transform how you do business and bring you into the modern age.
Download our free e-book to learn how you can use automated digital payments to improve your operations.
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