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AvidXchange Reviews & Product Details

AvidXchange Overview

What is AvidXchange?

Founded in 2000, AvidXchange is a leading provider in accounts payable (AP) automation, offering intelligent AP software and payment solutions specifically designed for mid-market businesses and their suppliers. With 25 years of industry experience, AvidXchange modernizes the way businesses manage their expenses and payments by offering AI-enhanced software coupled with support from experts. Our solutions support key industries such as real estate, construction, community association management, healthcare, education, hospitality, professional services, financial services, and media. Our Customers & Solutions Empowering over 8,500 growth-driven businesses, AvidXchange increases efficiency, control, and visibility in financial operations and has securely processed payments to more than 1.3 million suppliers through its proprietary payment network over the past five years. With more than 265 integrations, AvidXchange allows you to automate your AP without changing your current accounting system. Increase efficiency, visibility, and control in your AP process. Learn more at avidxchange.com

AvidXchange Details
Product Website
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English
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Product Description

Founded in 2000, AvidXchange is a leading provider in accounts payable (AP) automation, offering intelligent AP software and payment solutions specifically designed for mid-market businesses and their suppliers. With 25 years of industry experience, AvidXchange modernizes the way businesses manage their expenses and payments by offering AI-enhanced software coupled with support from experts. Our solutions support key industries such as real estate, construction, community association management, healthcare, education, hospitality, professional services, financial services, and media.

How do you position yourself against your competitors?

AvidXchange stands out by automating the entire accounts payable (AP) and payment workflow with a cloud-based solution purpose-built for the middle market. Our platform is powered by a two-sided network, connecting businesses with one of the largest proprietary B2B payments networks in the industry. This market-leading network offers middle-market buyers secure, flexible payment methods for their suppliers, along with tools to enhance visibility into invoices and payments.

What sets AvidXchange apart is our deep vertical expertise, tailored to the unique needs of the industries we serve. We’ve established strategic partnerships with industry leaders like Mastercard and Wise, further enhancing the value we provide to our customers. With over 265 purpose-built integrations with leading accounting systems and ERPs, AvidXchange delivers solutions that address the complex and specific needs of middle-market businesses.


Seller

AvidXchange

Description

AvidXchange is a leading provider of accounts payable (“AP”) automation software and payment solutions for middle market businesses and their suppliers. We drive innovation through our most valuable resource: our teammates. We're all entrepreneurs who love to innovate and win, with a passion for serving our customers. If you want to help us grow while realizing your potential and creating stories you'll tell for years, you've come to the right place - join our team and become an AvidXer.

Overview Provided by:

Recent AvidXchange Reviews

TP
Tiffany P.Small-Business (50 or fewer emp.)
5.0 out of 5
"The accuracy of this system"
Avid has giving me a great experience, while processing my invoices. It stays up to date and I am able to upload or remove invoices in a timely man...
Verified User
U
Verified UserMid-Market (51-1000 emp.)
4.0 out of 5
"Accounts Payable System, second to None"
AvidAscend is very user friendly and intuitive product making it very easy to train on and for the occasional user to navigate with ease. The gener...
Richard G.
RG
Richard G.Small-Business (50 or fewer emp.)
5.0 out of 5
"Director - Information Technology"
Ease of use, reliability of service, accuracy. Avid is continually working to improve the tool a, enhance its efficiency, and bringing the benefit...

Pricing Insights

Averages based on real user reviews.

Time to Implement

3 months

Return on Investment

11 months

Average Discount

11%

Perceived Cost

$$$$$
View More Pricing Information

AvidXchange Media

San Antonio Zoo boosts efficiency since adopting AvidXchange
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San Antonio Zoo boosts efficiency since adopting AvidXchange
Westport Construction goes paperless with AvidXchange
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Westport Construction goes paperless with AvidXchange
Carolina Asthma and Allergy simplifies their AP process with AvidXchange
Play AvidXchange Video
Carolina Asthma and Allergy simplifies their AP process with AvidXchange
Adams & Knight moves faster and provides better client services after automating their AP
Play AvidXchange Video
Adams & Knight moves faster and provides better client services after automating their AP
Peak Property Management improves vendor relationships with AvidXchange
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Peak Property Management improves vendor relationships with AvidXchange
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Have you used AvidXchange before?
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274 AvidXchange Reviews

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274 AvidXchange Reviews
4.4 out of 5
274 AvidXchange Reviews
4.4 out of 5

AvidXchange Pros and Cons

How are these determined?Information
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Pros
Cons
G2 reviews are authentic and verified.
ST
Accounts Payable Supervisor
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about AvidXchange?

Avid has increased production of our accounts payable team. We were able to decrease our AP team from 3 FT to 2 FT employees over the time of the conversion. The features are the right ones that help us pay invoices in a more timely manner. The AI that is used in the platform speeds up the process for processing daily invoices. Avid as integrated into our accounting platform smoothly and handles all necessary entries on the backend. The customer support has been excellent anytime that I needed their assistance. Review collected by and hosted on G2.com.

What do you dislike about AvidXchange?

Only knowing our previous AP platform which was very manual, I don't have much that I dislike in Avid. There are two things that probably stand out for me which include the following: in my opinion, I feel like there are some features that require too many extra clicks to access, their menus should be more hover and also some features should be linked together as opposed as getting out of one section to goto another. Another issue I have is the speed, with this being hosted by Avid, there are times that the system might show some latency which can lead to frustration as it is something that we cannot control. Finally, which would be normal with the development of AI and the OCR software, there are times when the incorrect information is picked up by the platform. Review collected by and hosted on G2.com.

What problems is AvidXchange solving and how is that benefiting you?

Avid has sped up the accounts payable process for our bank. It has allowed us to automate many scheduled invoices with a more thorough control of the invoices. The approval process is very beneficial as now all invoices are approved after processed, in with our old system, they were signed off prior to being processed which made it difficult for new people who may not have recognized signatures. Review collected by and hosted on G2.com.

KC
Accounting Manager
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about AvidXchange?

What we find most helpful is the reviewer/approver can code their own invoices. We also like the added feature of the stop pay under the Pay menu, this has saved us a lot of time. We also like the ability to see payment status. Review collected by and hosted on G2.com.

What do you dislike about AvidXchange?

What I find least helpful is that the reviewer/approver cannot see their invoices once approved and that it can only be see at the manager level. They cannot see the status of their invoices. We spend a lot of time advising the status of payments back to our reviewer/approvers (not at manager level). Also when it is audit time, we are bombarded with requests on pulling documentation and if they had this access, they could access it on their own. Review collected by and hosted on G2.com.

What problems is AvidXchange solving and how is that benefiting you?

AvidXchange helps in reducing manual entry, streamlining invoices approvals through workflows and allows us to manage our accounts payable process better. It has centralized our accounts payable process. Review collected by and hosted on G2.com.

Katie K.
KK
Principal
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
Rating Updated ()
SP
Manager of Payroll & AP
Oil & Energy
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
Rating Updated ()
What do you like best about AvidXchange?

I really like how easy it is to use the platform. We use Avid Suite and I am on there multiple times every day. You can easily add users with the exact levels of security you choose. It is very easy to train new employees as they start with the company as well. Most of my employees are good to go after 2 days of usage. You can upgrade other pieces of the platform as your business needs and the team does well giving you what you need for training and support during the implementation process and the integration process is fairly easy and smooth. The Capture feature is one of the best out there and does a superb job of auto filling the invoice information in for you to save even more time. Review collected by and hosted on G2.com.

What do you dislike about AvidXchange?

I really don't have anything to dislike about AvidXchange except when the product is down and I have to wait for it. Review collected by and hosted on G2.com.

What problems is AvidXchange solving and how is that benefiting you?

The system has gotten better with automated reports over the last year which is a big help. The reports are added to the user and they email out daily. The capture feature has been getting better and better the older it gets, which is one of the best features for my company. Review collected by and hosted on G2.com.

Verified User in Non-Profit Organization Management
AN
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about AvidXchange?

Good for multi-entity invoice processing; Good for hands off coding if you need to just route request through various department workflows and require program departments to input their own coding. Review collected by and hosted on G2.com.

What do you dislike about AvidXchange?

AvidXchange customer service when it comes to supporting vendors is not good at all! They create a bottleneck between the customer and the vendor because they claim to allow payors to be hands off in supporting efficient payment processing for vendors but that is not the case at all. Vendors are charged to receive their payments efficiently (electronic payment method) and it could take weeks or months to get a vendor set up on a more efficient payment method other than check. Because of the fee most vendors are reluctant to even sign up for a faster payment method, leaving the customer/payor to have to go through other payment alternatives. A vendor has to wait until after their first payment via check to receive an electronic payment method and they indicate they contact the vendor once the first payment is made and that is not the case. In my experience vendors have had to contact them. If you have banking instructions for your vendors that you would like to put into the system on your vendors behalf, that is not an option. I have used Avid both as a payor to pay vendors and also as a consultant to receive payment and both experiences were not great. They could ruin a relationship with a vendor because a vendor would have to call several times to find out about the status of an efficient payment method leaving you as the payor to in fact NOT be hands off and receive complaints from vendors of an inconvenienced experience to get set up timely. I question the implementation process and options as the system was implemented before my use, but set up or options of efficiency does not seem like it was there when implemented. The system does not have a seamless integration with Sage Intacct and in my experience of being an administrator I had to correct implementation issues and figure out field issues of dimensions not coming over properly. The system was set up to only integrate invoices and not payments or close the invoices out in Intacct. The representative never contacted us to discuss better solutions or options to improve the AP process. The team has had to reach out to inquire of better options and overall, its probably best to seek a better tool. I would not recommend Avid if you are looking for a tool that offers true efficiency and sufficient support. Review collected by and hosted on G2.com.

What problems is AvidXchange solving and how is that benefiting you?

Approval of disbursement requests Review collected by and hosted on G2.com.

Response from Brooke Boan of AvidXchange

Hi there,

Thanks for taking the time to share your experience. We're glad to hear AvidXchange supports your multi-entity workflows, and we truly value your feedback about vendor support and onboarding.

We understand that delays during the vendor setup process can be frustrating. To help protect both clients and vendors, our current process requires us to speak directly with vendors to confirm enrollment details and securely collect banking information. We also typically wait until a first payment is processed to complete the setup, which helps ensure accuracy and reduce fraud risk.

That said, we’re actively working on improvements to make the experience faster and more transparent — without compromising security.

Your feedback helps drive those changes, and we appreciate your insight.

Verified User in Banking
UB
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about AvidXchange?

AvidAscend is very user friendly and intuitive product making it very easy to train on and for the occasional user to navigate with ease. The general ledger, reconciliation and payment file integrations are seamless as well as the tax document preparations annually. Review collected by and hosted on G2.com.

What do you dislike about AvidXchange?

While customer support is not often needed, when it is necessary the process to reach a subject matter expert is very difficult and then takes to long for an answer or resolution to the support request being made. Review collected by and hosted on G2.com.

What problems is AvidXchange solving and how is that benefiting you?

The process is entirely paperless and with multiple locations and departments this is a tremendous time saver. The Approvals module is probably the most valuable in terms of timeliness to pay vendors. The integration from Accounts payable to Fixed Assets, Prepaids & Accruals is very helpful from processing, reporting and ultimately auditing. Review collected by and hosted on G2.com.

Richard G.
RG
Director - Information Technology
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
Rating Updated ()
What do you like best about AvidXchange?

Ease of use, reliability of service, accuracy. Avid is continually working to improve the tool a, enhance its efficiency, and bringing the benefits of AI technology to AP processing Review collected by and hosted on G2.com.

What do you dislike about AvidXchange?

Nothing, the service is terrific; it is efficient, ease to use, for both our employees and our suppliers, Review collected by and hosted on G2.com.

What problems is AvidXchange solving and how is that benefiting you?

AvidXchange enables us to digitalize the AP experience for both our users and our suppliers. The integration into our accounting system is seamless and responsive. Avid has been proactive in the use of AI technology to further enhance the efficiency, and thus the speed, of invoice processing. Review collected by and hosted on G2.com.

RS
Controller
Accounting
Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: Organic
KL
Property Accountant
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
Rating Updated ()
AS
Finance
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
Rating Updated ()