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AvidXchange

Accounts Payable Automation Software

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Description

AvidXchange provides intelligent accounts payable automation designed to help finance teams transform how they receive, manage, and pay bills. Leveraging AI and decades of expertise, the platform automates invoice processing, approvals, and payments, streamlining workflows while improving operational visibility and financial control.

Organizations can seamlessly integrate AvidXchange with existing accounting or ERP platforms, gaining access to a secure, centralized hub for invoice and payment management. The platform also connects users to a large supplier network and offers flexible payment options for suppliers, all while maintaining rigorous compliance and audit protocols.

Key Features

  • AI-Enhanced AP Automation: Streamlines invoice and payment processing with artificial intelligence
  • Seamless Platform Integrations: Connects with over 200 accounting and ERP systems
  • Centralized Visibility: Provides a secure, unified platform for invoice and payment management
  • Customizable Workflows: Adapts to business procedures for approvals and compliance
  • Full Audit Trail and Protection: Ensures robust compliance and security
  • Intelligent Reporting: Offers insights and real-time process transparency
  • Supplier Hub: Enables flexible, secure payment options for suppliers
  • Automation of Manual Tasks: Reduces paperwork and processing times
  • Built-in Compliance Management: Supports regulatory and internal policy compliance

Use Cases

  • Automating invoice processing for finance departments
  • Providing AP as a service for ERP and accounting platforms
  • Enabling suppliers to access efficient, secure payment solutions
  • Supporting hybrid and remote finance team workflows
  • Improving spend management and financial control

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