Shlomi Lavi /
Jul 26, 2022
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Bottom Line: Which is Better - Accounts Payable Automation or AvidXchange?
Accounts Payable Automation is more expensive to implement (TCO) than AvidXchange, and Accounts Payable Automation is rated higher (88/100) than AvidXchange (81/100). Accounts Payable Automation offers users more features (4) than AvidXchange (0).
Looking for the right Accounts Payable solution for your business? Buyers are primarily concerned about the real total cost of implementation (TCO), the full list of features, vendor reliability, user reviews, and the pros and cons. In this article we compare between the two software products:
ReadSoft Vs. Avidxchange
ReadSoft : ReadSoft has been a pioneer in P2P invoice automation since the 1990s, when the company first brought free-form technology for invoice processing to market. Today, ReadSoft continues to be a global leader in business document process automation, with 2,500+ accounts payable solution applications worldwide – more than double the total applications o...
Avidxchange: AvidXchange revolutionizes the way companies pay their bills by automating invoice and bill payment processing. We are automation experts and have been automating companies’ bill payment processes for more than 10 years to reduce costs, improve productivity, and eliminate paper from their bill payment process.
Our team of automation experts can...
Who is more expensive? Accounts Payable Automation or AvidXchange?
The real total cost of ownership (TCO) of Accounts Payable software includes the software license, subscription fees, software training, customizations, hardware (if needed), maintenance and support and other related services. When calculating the TCO, it's important to add all of these ”hidden costs” as well. We prepared a TCO (Total Cost) calculator for Accounts Payable Automation and AvidXchange.
Accounts Payable Automation price starts at $595 per license , On a scale between 1 to 10 Accounts Payable Automation Software is rated 6, which is similar to the average cost of Accounts Payable software. AvidXchange accurate pricing info is available upon request (they don't share it publicly), however , On a scale between 1 to 10 Accounts Payable Automation Software is rated 6, which is similar to the average cost of Accounts Payable software.
Bottom line: Accounts Payable Automation is more expensive than AvidXchange.
Which software includes more/better features?
We've compared Accounts Payable Automation Vs. AvidXchange based on some of the most important and required Accounts Payable features.
Accounts Payable Automation: Accounts Payable, Accounts Receivable, Billing & Invoicing, Fixed-Assets.
AvidXchange: We are still working to collect the list of features for AvidXchange.
Target customer size
Customers of the software include businesses of all sizes and a variety of types from all over the world. and AvidXchange's target customer size include: Small, medium and large size businesses.