AvidXchange

Overview Video

AvidXchange eliminates paper from the AP process by receiving your invoices on your behalf and routing them through automated approval workflows. You still code and approve the invoices, but we take care of the manual, tedious tasks. Automation creates 24/7 visibility into the status of invoice approvals and payments for improved controls and superior cash management.

Purchase Order Application

• View Purchase Orders Electronically
• Match the Purchase Order to the Invoice
• Approve Purchase Order
• Once Approved, Line Items & Coding are “Flipped” to the Invoice

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Payment Application Services

The Payment Application enables companies to pay suppliers electronically while maintaining all of their banking relationships and their current approval workflows.

Benefits:

• Reduced Processing Costs
• 24/7 Visibility into Payment Status & Approvals
• Customizable Payment Approval Workflows
• Service Teams for Supplier Management & Payment Execution
• Increased Vendor Adoption of Electronic Payments with the Eligibility for Your Company to Earn Rebates

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Invoice Application Services

Our Invoice Application is designed to mirror your current approval processes and workflows, but without all of the paper and inefficiency. By automating the process, your company will be able to track invoices electronically, streamline workflows, and have a central repository for anytime, anywhere access to invoice data.

How It Works:

• Capture invoice information, status, audit trail
• Secure Web Submission
• Import of approved invoices into accounts payable
• Extensive management reporting
• Complete visibility of invoice status… anytime, anywhere!

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Bill Services

We make it easy for suppliers to submit 100% of their invoices through a variety of methods, so that we can deliver them electronically to you. This means that all of the manual data entry that you used to do is history.

Here are all of the ways that suppliers can submit invoices:

• Email Submissions
• Upload Electronic Files
• Send their Paper Invoices to a Unique PO Box

Pay Services

AvidXchange has a team of over 200 people that create a great experience for suppliers receiving payments through our network. What services do they provide that benefit you?

• Supplier Data Management
• Supplier Enrollment into Programs
• Conversion of Suppliers to Electronic Methods
• Perform Due Diligence on Any Outstanding Payments
• Supplier Education