AvidXchange | AP Automation

AVIDXCHANGE | AP AUTOMATION

AvidXchange is the industry leader in automating invoice and payment processes for mid-market businesses. Founded in the year 2000, AvidXchange processed 9.5 million payments last year across its network of more than 600,000+ suppliers, transforming the way 5,500 customers in North America pay their bills. AvidXchange is distinguished as a global fintech unicorn and one of the fastest-growing technology companies in the U.S. with 1,300 employees in seven office locations.

Highlights

AvidInvoice

Eliminate paper invoices and streamline approvals with more visibility and control

Receive, track and approve invoices in the workflow you follow today, but without the inefficiencies and paper
Eliminate manual data entry, reduce errors and save valuable time for your AP team
Gain more visibility and control than ever before by checking invoice statuses from anywhere, anytime on your mobile device

AvidPay

Flexible, managed payments backed by the largest supplier network

Make fast and secure payments to suppliers backed by the largest supplier network
Create custom workflows with 24/7 visibility into payment status and approvals
Reduce processing costs by eliminating check printing, envelopes, postage and time spent following up on uncashed checks

AvidPay Supplier Network‍

Tools and services designed to streamline, predict, and accelerate your payment process

Payment services with an existing network of 600,000+ suppliers servicing every industry
AvidXchange's supplier services team of more than 400-person organization dedicated to managing payment inquiries and helping suppliers shift to e-payments, removing the burden from buyers like you.
AvidXchange's supplier operations team monetizes 30-45% of your pay file.

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Benefits

AvidInvoice

Eliminate paper invoices

Reduce errors, processing time, and manual data entry
Manage and submit invoices electronically

Increase visibility

Gain visibility into and control over the status of approvals
Provide a process that allows auditors visibility to search invoices to make auditing season a breeze

Streamline and customize workflows

Design custom approval processes that meet your business needs
Easily track and manage approvals from any device

AvidPay

Maximize Efficiency

Eliminate the need to print, stuff, sign, or mail checks
Drive consistency in process for all payment methods and all suppliers
Leverage the power of our full-service payment team

Minimize Risk

Avoid over-exposing bank account data
Highest e-payment rates in the industry
Payee Positive Pay included for every check

Drive Predictable Return on Investment

Eliminate hard costs (check stock, postage, Positive Pay bank fees, etc.)
Reduce labor costs (check aging, follow-up, supplier inquiries)
Simple pricing with e-payment incentives that enable predictable and forecastable ROI

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Advanced MES for Acumatica and Sage X3

MES Overview

Acumatica Connection

Sage X3 Connection

Lease Accounting Preferred by Blytheco

We help accountants and other finance professionals eliminate lease accounting errors that will lead to material misstatements through our CPA-approved lease accounting software and implementation process.

Our specialized lease accountants support our clients every step of the way towards compliance, ensuring minimal business disruption.

Built by Accountants for Accountants

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ASC 842 vs IFRS 16 Differences

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WHEREVER YOU ARE IN YOUR SOFTWARE JOURNEY, WE CAN HELP

We work with clients like you to explore your options, document your challenges, and implement the right solutions for your business. Fill out this form, and one of our Blytheco Solutions Specialists will reach out promptly.