Menu

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

73 Published TechFacts

4 Published Charts

105 Published Case Studies



Selected Research Highlights


Key Benefits of Automation with AvidXchange for Non-Profit Clients

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

S Strongly Agree S Agree S Disagree

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

AvidXchange has reduced paper usage in our office, which has reduced storage costs. It has also improved our efficiency when researching paid invoices.

Senior Executive, Small Business Real Estate Company

Case Study: Small Business Real Estate Company Scales for Growth 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 and AvidPay are solutions that scale as our business has grown. As CFO, both solutions have allowed me to focus on the data instead of pushing paper around.”

“AvidXchange (includes Piracle and Strongroom) 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:
    • Grow without hiring additional headcounts
    • Improve compliance and controls
    • Audit more easily
    • Improve visibility
  • Evaluated the following vendor before choosing AvidXchange:
    • Nexus Systems

Use Case

  • Has been an AvidXchange client for 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

Case Study: Dorvidor Management Company Reduces Processing Costs with AvidXchange

Introduction

This case study of Dorvidor Management Company 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 visibility

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 50 – 60% with AvidXchange.

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

Our old workflow solution was the end of life. We needed a replacement. We found that and so much more. If I could dream up how this process should be executed, what AVID has would be it. It is an awesome product and it takes a lot to impress me.

Todd Ward, IT Vice President, Community Management Associates



More to Explore



About AvidXchange

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

AvidXchange Website   AvidXchange Website