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AvidXchange Reviews & Product Details

AvidXchange Overview

What is AvidXchange?

AvidXchange modernizes how middle market businesses manage expenses and payments with AI-enhanced software and support from real people. With 25 years of experience, our solutions automate manual tasks, reduce costs, and streamline your AP process, so you can focus on what matters most. Featuring one of the largest supplier networks in the middle market, AvidXchange offers in-depth industry expertise across real estate, community association management, healthcare, hospitality, education, hospitality, and nonprofits, as well as construction, financial services, and media through the acquisition of Core Associates, BankTEL, and FastPay. Why AvidXchange? - Trusted by 8,000+ businesses to digitize and automate AP workflows - 1.2 million suppliers paid through the AvidPay Network in the last five years - 240+ accounting system and ERP integrations Increase efficiency, visibility, and control in your AP process. Learn more at avidxchange.com

AvidXchange Details
Product Website
Languages Supported
English
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Product Description

AvidXchange offers a robust suite of tools to automate your purchase order, invoice, and payment processes, whether individually or end-to-end through our full purchase-to-pay solutions. Designed to save time, reduce costs, and eliminate paper-based tasks, our solutions empower AP departments and CFOs with enhanced efficiency, greater control, and improved visibility into cash flow. Our solution library includes AvidBuy for automating and matching purchase orders; AvidInvoice to streamline invoice processing; AvidPay for flexible, automated bill payments; AvidStrongroom for AP and payment automation with 2-way and 3-way matching; AvidUtility for utility bill payments and consumption tracking; AvidAscend for accounting and AP automation for financial institutions; AvidXchange FastPay for media payment automation for agencies; AvidXchange FastPay Political for political media payment automation; AvidXchange FastPay Supplier Hub as a media supplier network and platform; TimberScan for purchase-to-pay automation for construction; TimberScan Titanium for seamless cloud-based invoice automation; and AvidXchange Supplier Hub to increase visibility into receivables.

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 industries like real estate, healthcare, and construction. We’ve established strategic partnerships with industry leaders like Mastercard and Wise, further enhancing the value we provide to our customers. With over 240 purpose-built integrations with leading accounting systems and ERPs, AvidXchange delivers solutions that address the complex and specific needs of middle-market businesses.


Seller Details
Company Website
Year Founded
2000
HQ Location
Charlotte, NC
Twitter
@AvidXchange
2,709 Twitter followers
LinkedIn® Page
www.linkedin.com
1,735 employees on LinkedIn®
Ownership
NASDAQ: AVDX
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.


Courtney R.
CR
Overview Provided by:

Recent AvidXchange Reviews

SP
Shannon P.Mid-Market (51-1000 emp.)
5.0 out of 5
"Many uses"
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 e...
Leslie A.
LA
Leslie A.Small-Business (50 or fewer emp.)
5.0 out of 5
"Great Service!"
Great features! Really helpful to streamline operations and prevent fraud
Verified User
A
Verified UserSmall-Business (50 or fewer emp.)
5.0 out of 5
"Strongroom is a reliable system"
I admire the features of Strongroom, such as the time-based approval selections, the reports we can pull, the vendor data, and the ability to check...
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AvidXchange Media

AvidXchange Demo - Invoice Approval
Eliminate stacks of papers or lost e-mails with attachments by having your invoices centralized in one area, ready to review, code, and move through your approvals.
AvidXchange Demo - Invoice Detail
Invoices already contain the basic header information so you no longer have to key it into your accounting system. Invoices are ready for you to code and approve.
AvidXchange Demo - Payment Detail
Maintain full visibility of the lifecycle of a payment in a centralized location.
Speedway Motorsports revolutionizes finance department using AvidXchange
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Speedway Motorsports revolutionizes finance department using AvidXchange
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
SmartBank scales for growth thanks to AvidXchange
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SmartBank scales for growth thanks to AvidXchange
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Video Reviews

262 AvidXchange Reviews

4.3 out of 5
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262 AvidXchange Reviews
4.3 out of 5
262 AvidXchange Reviews
4.3 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

Overall Review Sentiment for AvidXchangeQuestion

Time to Implement
<1 day
>12 months
Return on Investment
<6 months
48+ months
Ease of Setup
0 (Difficult)
10 (Easy)
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SP
Manager of Payroll &amp; AP
Oil & Energy
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
(Original )Information
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 useage. 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 failry easy and smooth. Review collected by and hosted on G2.com.

What do you dislike about AvidXchange?

The hardest part of Avid Xchange is the support. When I create a case for help on an issue I feel sometimes as though it is too long before I get help. I think chat or email is a better way to get customer support when needed. Review collected by and hosted on G2.com.

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

The Customer Support has been getting better since I started 2 years ago and helps with outages. 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. Review collected by and hosted on G2.com.

MC
CFO
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
MD
Manager, Accounts Payable
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about AvidXchange?

Automation is a key feature that has transformed the way we handle our accounts payable processes. The system automatically routes invoices for approval, tracks their status, and alerts the relevant personnel when action is required. This has not only accelerated our approval times but also minimized the risk of missed or delayed payments. The automation capabilities have significantly increased our operational efficiency.Gone are the days of sifting through stacks of paper invoices and receipts. With the AvidX software, managing documents is both simple and efficient. The software allows for easy uploading, categorizing, and retrieving of documents, ensuring that all pertinent information is just a few clicks away. The powerful search functionality means you can quickly locate any document, no matter how old or obscure. Review collected by and hosted on G2.com.

What do you dislike about AvidXchange?

In my opinion, I don't see any downsides to using AvidXchange. One dislike is on troubleshooting or tech support and knowing when to use chat, email or search the AvidX community Review collected by and hosted on G2.com.

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

Since onboarding with AvidXchange a little less than three months ago, the clear visibility company wide has been a great benefit. Review collected by and hosted on G2.com.

Response from Brooke Boan of AvidXchange
(Original )

Hi Michelle. Thank you so much for sharing your thoughts. We are so happy to hear you have had a positive experience with AvidXchange.

MF
Accounts Payable
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about AvidXchange?

The idea is great.

The ease of uploading, changing, editing invoices

The reports are customizable and easy to access

For the most part the automated uploading is accurate and makes it easy to browse for accuracy which reduces man hours spent on payables.

Approval step process is easy

If there were not so many issues after my end is complete and it is handed off to Avid, this would be the greatest program ever. However this is not the case. Review collected by and hosted on G2.com.

What do you dislike about AvidXchange?

The continuous problems we experience with Avid/Strongroom are beyond frustrating. Between constant VCC issues, delays in payment processing, failure to follow up with vendor and ensuring payments are processed, lack of record keeping, refunding payments without a proper notification system in place so we can rectify, and overall failure to properly communicate and/or notify us of issues.

We use Strongroom/Avid to make payment processing systematic and to reduce the man hours for payables.

However, when our relationship with our vendors is tarnished because of extreme delays in payments being issued and the countless man hours not only assisting the vendors, but researching, creating service requests, following up, etc defeats the purpose. Avid markets "Pay Suppliers Faster- pay your suppliers on time.....fostering better vendor relationships" That is not the experience we have at all. Vendors are generally not happy due to payment delays, failure to follow up and ensure electronic payments are processed creating a refund that is not addressed until they make contact with our office, and the constant calls they receive from Avid pushing VCC payments on them. Review collected by and hosted on G2.com.

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

Ideally it should be reducing the man hours of data entry and making payables a smooth efficient process. Which it does, we use qr upload function, email upload, and manual upload function with satisfactory results.

The integration function helps keep records where they are needed in our software for budgeting, reporting, reconciliation, etc.

Our complaints do not come until after we complete our end of the invoice process and it is handed over to Avid to execute. Review collected by and hosted on G2.com.

SL
ACCOUNTS PAYABLE
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?

I'm not really sure if there is anything at this moment that I enjoy regarding Avid. Review collected by and hosted on G2.com.

What do you dislike about AvidXchange?

The system has been going down a lot. I believe that this was due to the attention being elsewhere (newly released AvidCapture). Unfortunately, this resulted in a lot of lost work time. It started off as once a month and then basically became a once-a-week type of thing.

Later on, as we experienced issues, I understand that when it comes to technical support, there are certain steps that need to be made in order to figure out the issue but most of the time we were told to "clear our cookies and cached items" and that would be all we would hear from support.

The system is self-explanatory and It is easy to navigate but, it is annoying that with AvidCapture, we need to open another tab to link a customer account to a building compared to AvidInbox where we could do it all then and there. AvidCapture also took off the ability to see who posted invoices making it difficult to track who made the mistake.

AvidPay is also extremely slow - It takes me over thirty minutes to an hour to track a payment.

I feel like Avid has been focusing on adding new functions and revamping the website at this moment which is cool, but I feel like AvidCapture using AI to do type-to-text is unreliable as we have already seen issues with invoices and the way text gets transposed. Review collected by and hosted on G2.com.

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

They are supposed to be solving the issue with managing our payments as we have multiple properties but at this time it feels like there are more problems/issues than actual benefits. Review collected by and hosted on G2.com.

RD
Accounting System Analyst
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?

Their platform integrates with our accounting software which makes it easier to kepp on top of payment status. Plus the image in Avid is also available in the accounting system. The accounting team only needs to use 1 system and it gives visibility to our onsite team. Avid also has an option to pay vendors directly, they work with the vendors to setup a preferred payment method and gives them access to the supplier portal so they can view status. If there is a payment issu, your vendor can speak with them directly. This alone saves so much time! Another plus is they are always optimizing.

You are assigned a dedicated team during implementation and testing. They are there for training and answering all of your questions. They also have a dedicated space for training videos and an Academy to certify your team. Review collected by and hosted on G2.com.

What do you dislike about AvidXchange?

Sometimes cutomer service can take more than 72 hours to get back to you. Review collected by and hosted on G2.com.

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

It solved the paper pile and endless hours of chasing approvers. It gave us clarity. Review collected by and hosted on G2.com.

Michelle B.
MB
Bookkeeper
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?

I have been using AvidXchange since Covid. This was to allow people who had to work from home to still be able to view their invoices and approve them. What I really like about Avid, is the time it saves and the paper it saves. I don't have to print every invoice and physically walk it to the person to approve it. It also cuts down on losing a printed copy of the invoice. I also really like that the whole history is right there. You can see when it was scanned in, when it was coded, when it was sent to what approver in the approval process. It is a great addition to our finance team. The Implemtation team we had were wonderful! I know one was Megan. I am in this program every day processing the invoices and payments. There are very few issues with the invoices and payments posting over to Intacct, the intergration works wonderfully! Review collected by and hosted on G2.com.

What do you dislike about AvidXchange?

I don't have many problems with the program. I'd say one is that sometimes for reasons unknown the currency gets changed on a random invoice to CAD. The support are usually great about responding in a timely manner and getting things corrected or helping ME know how to correct them. Review collected by and hosted on G2.com.

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

One thing that would be great to fix is the fact if you have to change the Vendor name (say you accidently chose the wrong one), you have to undo all of that coding at the bottom to change the vedor. That's something that would be nice to have changed. Review collected by and hosted on G2.com.

EH
Director
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
(Original )Information
What do you like best about AvidXchange?

the comments section, which helps to document follow up and approval progress. the system is well designed for research, payment history lookup and vendor data analysis. I like the feature of "associated invoices", like big data analysis and it helps to pull out the same vendor all historical bills. Review collected by and hosted on G2.com.

What do you dislike about AvidXchange?

the payment process time currently takes about 3 weeks - we approved and Avidxchange mailed the check to our vendor, which then pass on to USPS. It would be helpful to have a tracking bar or thermometer to see the status like shipping online. that would be very helpful and if vendor can login and track where their checks are, we can save time. Review collected by and hosted on G2.com.

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

vendor invoices payments processing. great tool to run reports. We like the video library - it would be helpful to have more webinars and training programs (no charge) Review collected by and hosted on G2.com.

JM
Controller
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: G2 invite on behalf of seller
Incentivized Review
(Original )Information
What do you like best about AvidXchange?

AvidXchange has revolutionized our accounts payable process. Vendors send their invoices directly to AvidXchange, preventing managers from delaying payments. AvidXchange handles invoice coding, saving managers hours of work. The workflow is designed to align with our AP controls and processes. Vendors manage their payment preferences through their own portal, while managers can access payment information, cleared checks, and more directly in AvidXchange. Payments are processed promptly, and the reporting features make AP audits straightforward and efficient. Additionally, AvidXchange is integrated with our accounting system for seamless operations. The support team at Avid is responsive. Review collected by and hosted on G2.com.

What do you dislike about AvidXchange?

Sometimes the system has glitches, but they are quickly fixed within an hour or so. Their help section is not always easy to find the subjects, but this is remedied with the support team. Review collected by and hosted on G2.com.

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

AvidXchange has revolutionized our accounts payable process. Vendors send their invoices directly to AvidXchange, preventing managers from delaying payments. AvidXchange handles invoice coding, saving managers hours of work. The workflow is designed to align with our AP controls and processes. Vendors manage their payment preferences through their own portal, while managers can access payment information, cleared checks, and more directly in AvidXchange. Payments are processed promptly, and the reporting features make AP audits straightforward and efficient. Additionally, AvidXchange is integrated with our accounting system for seamless operations. Review collected by and hosted on G2.com.

Response from Brooke Boan of AvidXchange

We appreciate your feedback Jamie! Thank you for taking the time to leave us a review. We are so happy to hear that you are enjoying additional time and flexibility by using our products. We take pride in our integrations and we are so glad that you have had a seamless process. Thank you!

Verified User in Accounting
AA
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about AvidXchange?

I admire the features of Strongroom, such as the time-based approval selections, the reports we can pull, the vendor data, and the ability to check the users and notifications they want to receive. You can customize Strongroom to your needs, which is the highlight of the software. Review collected by and hosted on G2.com.

What do you dislike about AvidXchange?

There are a few quirks here and there, especially with the integration. Whatever changes you make with Strongroom correlate or match with our current system. So, if you void in SR and do an integration, it will not show up in our software. Review collected by and hosted on G2.com.

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

The automation and the archiving of invoices, helping us stay effective and organize by building a database that we can rely on when needed. Review collected by and hosted on G2.com.

Response from Brooke Boan of AvidXchange

Thank you so much for sharing your thoughts. We are so happy to hear that you are enjoying Strongroom and see the benefits of automation.