AvidXchange Review - why 4.5 stars?

AvidXchange Review
ITQlick Score: 81/100
ITQlick Rating: (4.5/5)
Pricing: 2.4/10 - low cost
Category: Accounts Payable -> AvidXchange
Ranking:Ranked 9 out of 16 Accounts Payable systems
Company: Avidxchange
Typical customers: Small, medium and large size businesses
Platforms: Cloud
Links: AvidXchange pricing, AvidXchange alternatives

Shlomi LaviShlomi Lavi / updated: Jul 26, 2022

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What is AvidXchange and its features?

AvidXchange is a cloud-based accounting software that is designed to automate all account payable processes for individuals and firms. The tool eliminates the use of paper invoices in payments while also reducing payment processing fees. This software handles various processes in account payable management and bill payments through intuitive means.

The electronic invoice capture feature also lets users automate all of their purchase processes. Some of the software key features include; approval process control, electronic funds transfer, vendor management, and payment processing services integration. The software company is privately held and has its headquarters in North Carolina, United States. The company has about 5000 employees presently.

What is AvidXchange rating?

The rating of AvidXchange is 4.5 stars out of 5 and the total score is 81 out of 100. The rating score is based on our unbiased data-based algo. Learn more - rating methodology page.

Who uses AvidXchange?

The typical customers include the following business size: Small, medium and large size businesses.

Is it easy to use?

Yes, AvidXchange makes it fairly easy to use. This product is user friendly and intuitive.

Is AvidXchange cloud-based?

Yes, they offer cloud based hosting, which means IT resources are retrieved through web-based tools and applications and you don't need to buy servers and additional hardware equipment.

Can it be used on mobile?

No, currently AvidXchange can't be accessed on mobile, you would need to access it from your computer.

Is AvidXchange the best Accounts Payable system?

AvidXchange is ranked 9 out of 16 software in their category (Accounts Payable systems).

What are AvidXchange's pros? (3 Pros)

  • Users are able to find invoices by searching vendor name or invoice number
  • Users enjoy a streamlined approach to payments through the elimination of paper use and faxing
  • The software interface is user-friendly

What are AvidXchange's cons? (2 cons)

  • Customer care support is fairly slow
  • Users are unable to view the status of their check automatically on the platform

Who are their main alternatives?

Popular alternatives to AvidXchange: iPayables InvoiceWorks, Accounts Payable Automation Software, AvidXchange Automated Bill Pay, SutiAP, 360 Cloud Accounting, outright, docSTAR, MineralTree, Transcepta, Bill.com. The full list of competitors can be found here.

What is the cost of AvidXchange?

What is the REAL total cost of implementation? on top of the total cost of licenses which is easy to calculate you need to add the cost of training, customization, data migration, and other "hidden cost". ITQlick pricing score is 2.4 out of 10 (10 is most expensive). Find here the REAL total cost breakdown for AvidXchange

What should you ask Avidxchange during a demo session? (65 questions)

Schedule a demo with AvidXchange and access 65 must ask questions for the vendor while watching AvidXchange in action.

Where AvidXchange is used?

AvidXchange is suited to the operations of small, medium and large companies with needs for an automated payment system. Companies in various industries like healthcare, banking, construction, and manufacturing will find this tool handy in the management of their payable services. Some of their top clients include; FirstService Residential, LEAD Inc. and Colliers International.

List of categories

Payment Processing
Real Estate CRM
Property Management
Project Portfolio Management
Fraud Management

AvidXchange Vs. Alternatives

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Review

Author

Shlomi Lavi

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Shlomi holds a Bachelor of Science (B.Sc.) in Information System Engineering from Ben Gurion University in Israel. Shlomi brings 15 years of global IT and IS management experience as a consultant, and implementation expert for small, medium and large size (global) companies.