Compare AvidXchange and Accounts Payable Automation - Mar 2022

Shlomi Lavi

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Bottom Line: Which is Better - AvidXchange or Accounts Payable Automation?

Accounts Payable Automation is more expensive to implement (TCO) than AvidXchange, and Accounts Payable Automation is rated with the same score (88/100) as AvidXchange (88/100). Accounts Payable Automation offers users more features (4) than AvidXchange (3).

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:

Avidxchange Vs. ReadSoft

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...

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...

Who is more expensive? AvidXchange or Accounts Payable Automation Software?

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 AvidXchange and Accounts Payable Automation Software.

AvidXchange price starts at $5,000 per license , On a scale between 1 to 10 AvidXchange Automated Bill Pay is rated 2, which is much lower than the average cost of Accounts Payable software. Accounts Payable Automation Software price starts at $595 per license , When comparing Accounts Payable Automation Software to its competitors, the software is rated 6 - similar to the average Accounts Payable software cost.

Bottom line: Accounts Payable Automation Software is more expensive than AvidXchange.

Which software includes more/better features?

We've compared AvidXchange Vs. Accounts Payable Automation based on some of the most important and required Accounts Payable features.

AvidXchange: Data Import/Export, Basic Reports, Online Customer Support.

Accounts Payable Automation Software: Accounts Payable, Accounts Receivable, Billing & Invoicing, Fixed-Assets.

Target customer size

AvidXchange's typical customers include: Small, medium and large size businesses, Customers of the software include businesses of all sizes and a variety of types from all over the world.