Products / AvidInvoice

Invoice Management Software

Boost efficiency and reduce costs with AI-enhanced AP invoice automation.

Invoice automation solution

AvidInvoice automated invoice processing software is our AI-enhanced and paperless invoice management platform built to improve the way B2B companies manage invoices. Streamline your entire invoice process with:

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Empower your AP team with AI-enhanced invoice management

Take charge of your payables while improving efficiency and reducing costs with invoice automation software.

Increase Efficiency

AP invoice automation with AvidInvoice boosts efficiency in managing your B2B payables. By automating tasks like data entry, invoice routing, and payment processing, you can reduce processing times and lower associated costs. With centralized data and automated workflows, you can say goodbye to the delays and errors of a paper-based process. This means your team can focus on more valuable activities, making your finance organization more agile and productive.

Gain More Visibility

Gain full visibility into committed, approved, and pending costs, empowering you to take better control of your cash flow. Plus, with AI-enhanced custom workflows, and embedded business intelligence, you can manage and monitor payment statuses and approvals from anywhere, ensuring efficient operations every step of the way.

Achieve Greater Control

Get increased control over your financial processes, helping to mitigate risks and optimize cash flow. This allows for more proactive cash management, enabling accurate forecasting and informed decision-making. Automated approval workflows and audit trails can ensure compliance and reduce the risk of fraud or discrepancies.

AI Approval Agent

Our new AI Approval Agent helps you quickly assess how likely an invoice is to be approved by analyzing patterns from your past decisions. Using historical data, such as invoice amounts and supplier details, the AI agent provides real-time insights to you throughout the AP workflow. While the AI agent delivers intelligent suggestions and transparency into how each recommendation was made, you remain in full control of final approval decisions—ensuring human oversight remains part of the process.

Invoice Capture Enhancements

This enhanced invoice capture feature makes it even easier for you to move invoices through the approval process. By leveraging AI to continuously learn the unique patterns of your data across invoices, it delivers approval-ready invoices that reduce the need for manual touchpoints. As the feature learns, it will apply those insights to your future invoices, helping you work more efficiently with every transaction.

AI Purchase Order Matching Agent

Our AI Purchase Order Matching Agent automates one of the most time-consuming steps in your AP process: matching line-item details from invoices to purchase orders. It accelerates approvals by automatically matching line-item details between the PO and invoice while also improving accuracy. Visual indicators provide insight into where the AI agent is assisting, supporting confident decision-making while keeping you in control.

Integrations tailored to you

Frequently Asked Questions

How do my invoices get into AvidInvoice?

We make it simple. Paper invoices are either scanned into an electronic format or electronically submitted directly into the software—via email or P.O. Box. Our full-service solution uses artificial intelligence (AI) to extract critical data quickly and accurately, with our indexing specialists available for an additional validation layer.

How will AvidInvoice impact my existing workflow?

AvidInvoice is flexibly designed to meet your business needs. You can easily track and manage approvals without the inefficiencies and paper—wherever you are and from any device.

Does your product support PO matching?

Yes. AvidInvoice supports 2-way (PO and Invoice) and 3-way matching (PO, Invoice and Receipt).

What is invoice automation?

Invoice automation uses technology and software to streamline and automate the invoice management process. By removing manual, paper-based tasks, businesses can digitize their invoice data along with the associated management process. This automation improves the efficiency, accuracy, and speed of invoice processing.

Key features of invoice automation include digital (rather than paper) invoices, automated invoice approval workflows, anytime/anywhere visibility, convenient e-payment options, and seamless integration with accounting systems.

How much time could I save with an automated invoice management software?

Businesses typically spend up to 70 percent less time using AP automation instead of manual processes, Goldman Sachs reports. These companies speed up invoice approvals from approximately 10 days to three days. Read more...

What is automated invoice processing software?

Automated invoice processing software consists of a set of coded instructions for processing invoices. The software follows rules and conditions for how to proceed with invoice automation.

For example, your company may have a rule that any invoice over $1,000 has to be approved by the CEO. The software automatically notifies that CEO about the need to approve an invoice.

Automated invoicing software can follow another rule that your company only wants specific employees to be able to see invoice information. If so, the software follows that rule and only sends the invoices to those specific people. Read more...

CUSTOMER TESTIMONIAL

"We always know where invoices are and whose virtual desk they’re sitting on..."

Shanna Williams

AP Manager, RXR Realty

SOFTWARE REVIEWS

4.6/5 (104)

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Invoice Management Software

Invoice automation solution

Empower your AP team with AI-enhanced invoice management

Increase Efficiency

Gain More Visibility

Achieve Greater Control

AI Approval Agent

Invoice Capture Enhancements

AI Purchase Order Matching Agent

Integrations tailored to you

Frequently Asked Questions

"We always know where invoices are and whose virtual desk they’re sitting on..."

Automating your AP is within reach

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