AvidXchange Features

Based on 119 AvidXchange reviews and verified by the G2 Product R&D team. Provide features to capture invoices such as import or scanning

As reported in 90 AvidXchange reviews. Allow suppliers to submit invoices using an online portal

Based on 96 AvidXchange reviews and verified by the G2 Product R&D team. Deliver a central repository of AP documents, such as POs and invoices

Provide features to capture and record invoices, such as import or scanning

Allow suppliers to submit invoices using an online portal

Deliver a central repository of AP documents, such as POs and invoices

Based on 96 AvidXchange reviews and verified by the G2 Product R&D team. Ability to match AP invoices to POs, contracts, or payments

Based on 112 AvidXchange reviews and verified by the G2 Product R&D team. Identify incomplete or late supplier payments

Based on 120 AvidXchange reviews and verified by the G2 Product R&D team. Include workflows for approvals and invoice processing

Based on 80 AvidXchange reviews and verified by the G2 Product R&D team. Comply with local and global tax regulations for collections

Include workflows for approvals of invoices or payments This feature was mentioned in 134 AvidXchange reviews.

Based on 125 AvidXchange reviews. Process multiple invoices without human intervention

Based on 94 AvidXchange reviews. Allow users to consolidate multiple invoices into one

Based on 89 AvidXchange reviews and verified by the G2 Product R&D team. Match invoices with purchases and sales orders, as well as with payments

Ability to match AP invoices to POs, contracts, or payments

Identify incomplete or late supplier payments

Include workflows for approvals and invoice processing

Comply with local and global tax regulations for collections

Electronically submit invoices to buyers

Based on 102 AvidXchange reviews and verified by the G2 Product R&D team. Track invoices based on due dates to identify overdue payments

Based on 75 AvidXchange reviews and verified by the G2 Product R&D team. Monitor KPIs such as time to process an invoice or erroneous payments

Track invoices based on due dates to identify overdue payments 115 reviewers of AvidXchange have provided feedback on this feature.

As reported in 81 AvidXchange reviews. Analyze variations between incoming and outgoing cash

Monitor KPIs such as time to process an invoice or erroneous payments 76 reviewers of AvidXchange have provided feedback on this feature.

Based on 97 AvidXchange reviews and verified by the G2 Product R&D team. Track different types of payment such as deposits or partial payments

Improve visibility into procurement activities across the company.

Monitor the performance of procurement operations

Analyze procurement spending and identify future trends.

Track invoices based on due dates to identify overdue payments

Monitor KPIs such as time to process an invoice or erroneous payments

Based on 113 AvidXchange reviews and verified by the G2 Product R&D team. Provide integration with accounting and financial management software

Based on 105 AvidXchange reviews and verified by the G2 Product R&D team. Integrate with payment gateways and enterprise payments software

Based on 86 AvidXchange reviews and verified by the G2 Product R&D team. Deliver integrations with accounting modules of ERP systems

Provide integration with accounting and financial management software This feature was mentioned in 116 AvidXchange reviews.

Integrate with payment gateways and enterprise payments software 117 reviewers of AvidXchange have provided feedback on this feature.

Deliver integrations with accounting modules of ERP systems 83 reviewers of AvidXchange have provided feedback on this feature.

Based on 86 AvidXchange reviews and verified by the G2 Product R&D team. Sync with company accounts to transfer payments for approved invoices

Provide integration with accounting and financial management software

Integrate with payment gateways and enterprise payments software

Deliver integrations with accounting modules of ERP systems

Allow integration with procurement software, such as Procure To Pay, RFP and Spend Management

Provide integration with accounting and financial management software 35 reviewers of AvidXchange have provided feedback on this feature.

Based on 37 AvidXchange reviews. Integrates with other payments software

Deliver integrations with accounting modules of ERP systems This feature was mentioned in 28 AvidXchange reviews.

Provide standard invoice templates that can be customized by users 75 reviewers of AvidXchange have provided feedback on this feature.

Ability to convert invoices to digital formats such as PDF This feature was mentioned in 99 AvidXchange reviews.

As reported in 87 AvidXchange reviews. Automatically generates invoices at pre-defined time intervals

Use criteria to add or remove suppliers to/from approved lists.

Manage communications with suppliers on multiple channels such as phone or email.

Capture and maintain documents related to suppliers and their products or services.

Compare goods received with purchase orders and document variations

Manage workflows and business processes for procurement.

Provide standard procurement contracts that can be customized.

Maintain a repository of content such as catalogs and other documents.

Define requisition rules for various types of procurement

Allows users to evaluate supplier performance using standard and custom KPIs.

Provide features to compare suppliers and choose the best option for various activities.

Identify potential issues and how they may impact relationships with suppliers.

Identify and assess suppliers for different products and services.

Electronically create and manage purchase orders for products and services.

Include features for procurement invoicing and e-invoicing.

Create and manage supplier profiles that include contact and pricing information.

Identify the services and products provided by suppliers, as well as certifications.

Track history of all interactions and business transactions with suppliers.

Provide standard invoice templates that can be customized by users 25 reviewers of AvidXchange have provided feedback on this feature.

As reported in 27 AvidXchange reviews. Ability to convert invoices to digital formats such as PDF

Automatically generates invoices at pre-defined time intervals 26 reviewers of AvidXchange have provided feedback on this feature.

Allow users to consolidate multiple invoices into one 25 reviewers of AvidXchange have provided feedback on this feature.

As reported in 34 AvidXchange reviews. Ability to create multiple types of invoices

Manage invoicing for different types of products or services This feature was mentioned in 33 AvidXchange reviews.

Reduces future risks through root cause analysis and process improvement 66 reviewers of AvidXchange have provided feedback on this feature.

Based on 70 AvidXchange reviews. Reduces frequency of errors, identifies risk and improves efficiency

Scores suppliers and employees based on risk factors This feature was mentioned in 56 AvidXchange reviews.

Identifies and recoups funds and prevents errors from happening again 61 reviewers of AvidXchange have provided feedback on this feature.

Offers reporting to aid in minimizing future lost profits and process breakdown 75 reviewers of AvidXchange have provided feedback on this feature.

Includes a library of audit-tested filters to identify AP outliers that are outside company policy 73 reviewers of AvidXchange have provided feedback on this feature.

Conducts a post-audit analysis of large volumes of data to identify historical payment errors and automatically generate claims 60 reviewers of AvidXchange have provided feedback on this feature.

Based on 65 AvidXchange reviews. Detects and prevents a wide range of overpayment errors

Detects and prevents a wide range of duplicate payments This feature was mentioned in 81 AvidXchange reviews.

As reported in 73 AvidXchange reviews. Enables automatic checks of new vendors being set up in the system to combat potential billing schemes

As reported in 69 AvidXchange reviews. Generates comprehensive data needed to conduct a thorough investigation

As reported in 67 AvidXchange reviews. Provides continuous, proactive fraud monitoring across multiple systems and data formats

Anticipates needs and offers suggestions without prompting

Makes informed choices based on available data and objectives

Capability to perform complex tasks without constant human input

Works across multiple software systems or databases This feature was mentioned in 11 AvidXchange reviews.

Improves performance based on feedback and experience 11 reviewers of AvidXchange have provided feedback on this feature.

Anticipates needs and offers suggestions without prompting 11 reviewers of AvidXchange have provided feedback on this feature.

Based on 12 AvidXchange reviews. Capability to perform complex tasks without constant human input

As reported in 11 AvidXchange reviews. Anticipates needs and offers suggestions without prompting

Makes informed choices based on available data and objectives 11 reviewers of AvidXchange have provided feedback on this feature.