TechValidate Research on 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.

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.

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.

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.