TechValidate Research on AvidXchange

Introduction

This case study of a small business energy & utilities 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 staff
  • Reduce costs
  • Get rid of the paper
  • Improve processes
  • Improve cash management

Use Case

• Has been an AvidXchange client for 1 – 3 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 10 – 20% with AvidXchange.

Introduction

This case study of Spectrum Contracting 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:

• Improve compliance and controls
• Improve visibility

Use Case

Utilizes the following AvidXchange solutions:

• Create-A-Check
• AvidPay

• Has been an AvidXchange client for 5+ years

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 20 – 30% with AvidXchange