What is AvidXchange used for?

AvidXchange is accounts payable automation and payments software for mid-market businesses, covering purchase orders, invoices and supplier payments. It is a good fit for real estate firms paying many vendors, mid-market finance teams cutting manual invoice entry and organizations outsourcing accounts payable work.

How much does AvidXchange cost?

AvidXchange doesn't publish fixed prices; pricing is quoted on request.

Is AvidXchange open source?

No. AvidXchange is proprietary (closed-source) software and can't be self-hosted. In the Finance & Accounting category, open-source options include Hyperswitch, Lago and Polar.

What are some alternatives to AvidXchange?

AvidXchange competes with BILL, Stampli and Basware.

AvidXchange: features, pricing and alternatives

About AvidXchange

AvidXchange is a commercial accounts payable platform aimed at mid-market companies. It replaces manual invoice handling with automated capture, coding, routing and approval, and links invoices with purchase orders and payments, which the vendor says reduces manual work and improves accuracy. It also offers accounts payable as a service for teams that want to outsource the work.

Solutions are grouped into purchase order automation, invoice automation and payment automation, with a supplier side that includes a Supplier Hub, straight-through processing and invoice status inquiries. The software integrates with ERP and accounting systems including Oracle NetSuite, Intuit QuickBooks, Microsoft, Sage, Acumatica, Blackbaud, Yardi, MRI and Rent Manager.

AvidXchange lists industry pages for real estate, community association management, construction, healthcare, hospitality, financial services, education, nonprofits, government and more. It is a hosted service sold through demos, with customer support, a trust center and learning resources on the website.

Key features

Invoice capture, coding and approval workflows
Purchase order automation
Payment automation to suppliers
Accounts payable as a managed service
Supplier hub with invoice status inquiries
Integrations with NetSuite, QuickBooks and Yardi

Good fit for

→Real estate firms paying many vendors
→Mid-market finance teams cutting manual invoice entry
→Organizations outsourcing accounts payable work

Tags: accounts-payable; ap-automation; invoice-automation; payments; purchase-orders; mid-market; erp-integration

AvidXchange: questions and answers

What is AvidXchange used for?: AvidXchange is accounts payable automation and payments software for mid-market businesses, covering purchase orders, invoices and supplier payments. It is a good fit for real estate firms paying many vendors, mid-market finance teams cutting manual invoice entry and organizations outsourcing accounts payable work.
How much does AvidXchange cost?: AvidXchange doesn't publish fixed prices; pricing is quoted on request.
Is AvidXchange open source?: No. AvidXchange is proprietary (closed-source) software and can't be self-hosted. In the Finance & Accounting category, open-source options include Hyperswitch, Lago and Polar.
What are some alternatives to AvidXchange?: AvidXchange competes with BILL, Stampli and Basware.