AvidXchange review
Bottom line
AvidXchange is an AP automation platform that combines invoice approvals, purchase orders, and supplier payments in one system. Its clearest strength is the breadth of its integrations, with 240 listed connections to accounting and property management systems, and its built-in payment capabilities as a licensed money transmitter. The main cost to watch is that pricing is not published and must be requested, and there is no free plan or trial to test the platform first. It suits mid-market finance teams that already run an accounting system and want to automate AP without replacing it.
What is AvidXchange?
AvidXchange is an accounts payable automation platform that handles how businesses receive invoices, route them for approval, and pay suppliers. It targets the manual work that slows finance teams, including paper invoices, approval bottlenecks, check runs, and supplier questions about payment status. Founded in 2000 and headquartered in Charlotte, North Carolina, the company focuses on mid-market businesses and reports more than 8,000 customers. It also connects to a supplier network of more than 1.5 million suppliers paid through the AvidPay Network.
Day to day, invoices are captured and routed through customizable approval workflows with a full audit trail, so approvers and finance staff can see where each bill sits. Purchase orders, invoices, and payments are managed within one platform, and finance teams can track invoice status, run reports, and set spend controls. Suppliers can choose how they are paid, including virtual credit card, AvidPay Direct, ACH, or mailed check through the AvidXchange Supplier Hub. On the security side, the platform uses Positive Pay to flag altered amounts and duplicate payments, monitors ACH and virtual card payments for anomalies, and supports multi-factor authentication for system access.
The platform serves finance teams in real estate, community association management, construction, financial services, healthcare, and other industries. It is also offered as accounts payable as a service for ERPs and accounting systems that want to embed an AP workflow without building one. Pricing is not published, and pricing is provided on request. No free plan or free trial is offered.
What sets AvidXchange apart is the combination of AP workflow software with payment processing under its own licensing. The company is a licensed money transmitter for B2B payments in the United States, and it lists 240 accounting and property management integrations, including NetSuite, QuickBooks Online, Sage Intacct, Yardi Breeze, AppFolio, Buildium, and MRI. That integration depth lets companies automate AP without changing the accounting system they already run.
Who it's for
- Mid-market finance teams
- AP departments with an existing accounting system
- Community association and property management companies
- ERPs that want to offer embedded AP
Who should look elsewhere
- Very small businesses that need a free or low-cost tool
- Teams that want to see published prices before talking to sales
Typical uses
- Automating invoice capture and approval routing
- Moving suppliers from paper checks to electronic payments
- Adding Positive Pay and fraud controls to payment runs
- Connecting AP to NetSuite, QuickBooks, or Sage Intacct
- Offering accounts payable as a service inside an ERP
AvidXchange user reviews
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AvidXchange alternatives and comparisons
AvidXchange is the only accounts payable product we list so far. Browse the category as more are added.