AvidXchange gives you the power to accelerate approvals, reduce processing costs, and virtually eliminate paper with more transparency into, and control over, spending than you’ve ever had.
Automation reduces processing costs by 60%, or more. How? By eliminating the hard costs associated with paper invoices and checks, such as postage and check stock, as well as eliminating the soft costs associated with manual processes, such as data entry.
By eliminating the paper from your accounts payable processes, you also remove the manual tasks associated with them. Therefore, in an automated environment, your company will be able to add invoice and payment volume without having to add headcount to handle labor-intensive functions.
Automating your payables gives your company 24/7 visibility into the status of invoices and payments from
anywhere you have an internet connection. Additionally, AvidXchange will configure workflows to mimic your current approval processes so that you maintain all of the business rules that you have in place today.
AvidXchange offers an end-to-end invoice and payment automation solution that simplifies the accounts payable (AP) process—from purchase order through supplier payment. AP and payment automation reduce invoice and payment processing costs, on average, by 60% or more.
AvidXchange eliminates paper from the AP process by receiving your invoices on your behalf and routing them through automated approval workflows. You still code and approve the invoices, but we take care of the manual, tedious tasks. Automation creates 24/7 visibility into the status of invoice approvals and payments for improved controls and superior cash management.
Our Invoice Application is designed to mirror your current approval processes and workflows, but without all of the paper and inefficiency. By automating the process, your company will be able to track invoices electronically, streamline workflows, and have a central repository for anytime, anywhere access to invoice data.
How It Works:
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The Payment Application enables companies to pay suppliers electronically while maintaining all of their banking relationships and their current approval workflows.
Benefits:
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We make it easy for suppliers to submit 100% of their invoices through a variety of methods, so that we can deliver them electronically to you. This means that all of the manual data entry that you used to do is history.
Here are all of the ways that suppliers can submit invoices:
AvidXchange has a team of over 200 people that create a great experience for suppliers receiving payments through our network. What services do they provide that benefit you?
