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

80 Published TechFacts

5 Published Charts

105 Published Case Studies



Selected Research Highlights


AvidXchange Customer Testimonial

AvidXchange has freed up my staff’s time, allowing them to spend more time on other tasks, which improves my bottom line. It also reduces my time to sign hundreds of paper checks!

Owner, Small Business Real Estate Company

AvidXchange Customer Testimonial

I really like how quickly I can process invoices and the visibility that I am given when making payments using AvidXchange Pay. The implementation was complex, considering we had to set up over 100 different banks accounts, but everything is now running quite smoothly!

Financial Analyst, Medium Enterprise Real Estate Company

AvidXchange Customer Research

As a Real Estate Company, what was your biggest motivation for purchasing an AvidXchange Solution?

Grow without hiring additional headcount
22%
Reduce costs
31%
Get rid of the paper
58%
Process improvement
76%
Improve cash management
13%
Reduce fraud
17%
Improve compliance and controls
31%
Easier audits
23%
Improve visibility
33%

AvidXchange Customer Research

Benefits of AvidXchange Pay

Using AvidXchange Pay to manage payments has benefited my organization, and me personally, in the following ways:

Reduced Manual Processes
79%
Freed Up Time Spent on Signing Checks
66%
Decreased Time Spent on Due Diligence
34%
Improved My Job Performance
32%
Improved Security & Decreased Check Fraud
21%

Case Study for a Small Business Energy & Utilities Company using Dynamics GP

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.

AvidXchange Case Study

Spectrum Contracting Reduces Payment Processing Costs 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.

“AvidXchange has a more robust offering with superior services when compared to its competitors in the marketplace today.”

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


More to Explore



About AvidXchange

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

AvidXchange Website   AvidXchange Website