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TechValidate Research on AvidXchange

These pages present data that TechValidate has sourced via direct research with verified customers and users of AvidXchange. TechValidate stands behind the authenticity of all published data. Learn more »



891 Customers Surveyed

7,017 Data Points Collected

74 Published TechFacts

4 Published Charts

105 Published Case Studies



Selected Research Highlights


Case Study: Willow Grove Luxury Apts. Reduces Processing Costs with AvidXchange

Introduction

This case study of Willow Grove Luxury Apartments is based on a February 2016 survey of AvidXchange customers by TechValidate, a 3rd-party research service.

“AvidXchange has improved our overall operational efficiency, and we can’t imagine going back to our old process.”

“AvidXchange has a more robust offering with superior services compared to other offerings in the marketplace today.”

Challenges

  • Biggest motivation for purchasing an AvidXchange Solution:
    • Improve processes

Use Case

  • Has been an AvidXchange client for 5+ years.
  • Utilizes the following AvidXchange solution:
    • AvidInvoice

Results

  • AvidXchange has impacted the business in the following ways:
    • Reduced processing costs
    • Scaled for growth
    • Saved time
    • Improved controls
    • Improved visibility into spend
  • Reduced their invoice and payment processing costs by 30 – 40% with AvidXchange.

AvidXchange Customer Testimonial

I really like how quickly I can process invoices and the visibility that I am given when making payments using AvidXchange Pay. The implementation was complex, considering we had to set up over 100 different banks accounts, but everything is now running quite smoothly!

Financial Analyst, Medium Enterprise Real Estate Company

AvidXchange Customer Research

As a Real Estate Company, what was your biggest motivation for purchasing an AvidXchange Solution?

Grow without hiring additional headcount
22%
Reduce costs
31%
Get rid of the paper
58%
Process improvement
76%
Improve cash management
13%
Reduce fraud
17%
Improve compliance and controls
31%
Easier audits
23%
Improve visibility
33%

Reasons Why Customers Purchased AvidXchange

What was your biggest motivation for purchasing an AvidXchange Solution (includes Strongroom and Piracle)?

Process improvement
77%
Get rid of the paper
58%
Improve visibility
32%
Improve compliance and controls
31%
Reduce costs
31%
Easier audits
23%
Grow without hiring additional headcount
22%
Reduce fraud
17%
Improve cash management
13%

AvidXchange Customer Testimonial

[AvidPay] has given me more time to perform my management duties. I am able to access invoices with the click of a button which helps me respond to board inquiries quickly and effectively.

Gina Kuhlwein, Facilities Manager, Community Management

Case Study: Medium Enterprise Health Care Company Saves Time with Create-A-Check

Introduction

This case study of a medium enterprise health care company is based on a February 2016 survey of AvidXchange customers by TechValidate, a 3rd-party research service. The profiled company asked to have their name blinded to protect their confidentiality.

“AvidXchange has improved our overall operational efficiency, and we can’t imagine going back to our old process.”

Challenges

  • Biggest motivation for purchasing an AvidXchange Solution:
    • Reduce fraud
    • Improve compliance and controls

Use Case

  • Has been an AvidXchange client for 5+ years.
  • Utilizes the following AvidXchange solution:
    • Create-A-Check

Results

  • AvidXchange has impacted the business in the following ways:
    • Reduced processing costs
    • Scaled for growth
    • Saved time
    • Improved controls
    • Improved visibility into spend
  • Reduced their invoice and payment processing costs by 40 – 50% with AvidXchange.


More to Explore



About AvidXchange

AvidXchange revolutionizes the way companies pay their bills by automating invoice and bill payment processing.

AvidXchange Website   AvidXchange Website