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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


AvidXchange Customer Research

Percentage of Time Saved with AvidPay

On average, what percentage of your time have you saved by using AvidXchange Pay to handle exceptions, due diligence, and payment execution?

Up to 10%
46%
10 - 25%
33%
25 - 50%
15%
50% or More
7%

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: 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.

Case Study: Sage 300 User Improves Controls and Visibility with AvidXchange

Introduction

This case study of a small business real estate 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 helps us track invoices that haven’t been paid. It also helps everyone easily see invoices that have been paid so our accounting staff isn’t interrupted as much. AvidXchange makes it a quicker process for property managers when they have to reconcile common area maintenance at year-end for each tenant and need to provide copies of invoices for tenants.”

“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 when compared to other offerings in the marketplace today.”

Challenges

  • Biggest motivation for purchasing an AvidXchange Solution:
    • Getting rid of the paper

Use Case

  • Has been an AvidXchange client for 1 – 3 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.

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%

Contessa Robins, an AP Manager at Sterling Bay, is very likely to recommend AvidXchange for the following reason:

I love AvidXchange. I work on it nearly every day and I love the user friendliness, the platform, and the employees. Everyone that I have worked with at AvidXchange has been, from the very beginning, eager to help me solve any issue and made me feel that my needs came first.



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About AvidXchange

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

AvidXchange Website   AvidXchange Website