Industries / Real Estate

AP Automation for Your Business

Our AP automation solutions are helping more businesses increase efficiency, visibility and control in the AP process than ever before.

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Power your business with accounts payable automation and you can:

Increase visibility into invoices and payments
Reduce manual data entries and paper invoices
Reduce fraud risk
Securely pay suppliers and strengthen those relationships
Control cash flow and AP spend
Streamline approval workflows and AP processes
Integrate with existing accounting system solutions

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AvidSuite: Purchase-to-pay AP automation

Seamlessly integrated with your current accounting system or ERP, and connected to one of the largest supplier networks, you’re able to process invoices and make payments without touching any paper.

Our end-to-end AP automation solutions are designed to take your purchase-to-pay process paperless and online. Our accounts receivable solutions enable suppliers to wave goodbye to delayed payments and get paid by our AP customers quickly and securely.

AvidBuy

Automated purchase order software

Reduce unapproved purchases, coding errors and unnecessary delays in your PO process.

AvidInvoice

Automated invoice processing

Streamline your entire invoice process while matching your current approval workflows.

AvidPay

Bill payment automation

Enjoy savings in payment processing costs by eliminating paper checks.

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.

What are the payment methods that you use?

AvidXchange sends the payments to your suppliers and vendors, but you remain in complete control of approving the payments to be issued and have full visibility to track these transactions.

We make payments to vendors based on their preferences using Mastercard, AvidPay Direct payment or a paper check.

You select payments from your accounting system just like you do today, but instead of selecting them for print, you select them to pay. Payments then get transmitted to the e-payment software application and your payment process begins. Based on your company’s current payment approval processes, payment files can be routed to approvers for final approval before they’re sent to vendors.

Your company’s accounting system remains your system of record, and you’ll receive files with all the automated payment information your company needs for reconciliation of your B2B bill payments.

Does your product support PO matching?

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

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