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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: Small Business Real Estate Company Improves Controls 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.

“Invoices are easier to track; the approval matrix saves time and allows all levels to be more efficient with less cost and less paper.”

“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:
    • Grow without hiring additional headcounts
    • Reduce costs
    • Get rid of the paper
    • Improve processes
    • Improve cash management
    • Improve visibility

Use Case

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

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: Voit Real Estate Services Improves Overall Efficiency with AvidXchange

Introduction

This case study of Voit Real Estate Services, L. P. is based on a February 2016 survey of AvidXchange customers by TechValidate, a 3rd-party research service.

“No further need to store and retrieve invoices for audits. CAM reviews and audits are super-fast. Personnel costs have remained static for 4 years during periods of growth.”

“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:
    • Grow without hiring additional headcounts
    • Reduce costs
    • Get rid of the paper
    • Improve compliance and controls
    • Improve visibility
  • Evaluated the following vendor before choosing AvidXchange:
    • Payscan

Use Case

  • Has been an AvidXchange client for 3 – 5 years.
  • Utilizes the following AvidXchange solutions:
    • AvidInvoice
    • AvidPay

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.

Key Benefits of Automation with AvidXchange for Non-Profit Clients

AvidXchange has impacted our Non-Profit in the following ways:

Strongly Agree Agree Disagree

Reduce Processing Costs
Scale for Growth
Save Time
Improve Controls
Improve Visibility into Spend

AvidXchange Customer Testimonial

AvidXchange turned out to be everything that was promised during the sales process. We were able to launch a lot faster than we originally thought since everything was so simple!

Kathy Dermer, Staff Accountant,Trinity Communities

AvidXchange Customer Fact

A small business professional services company saved 25 – 50% of their time by using AvidXchange Pay to handle exceptions, due diligence, and payment execution.

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%


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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