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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

73 Published TechFacts

4 Published Charts

105 Published Case Studies



Selected Research Highlights


With AvidXchange, there’s no further need to store and retrieve invoices for audits. CAM reviews and audits are super-fast, and our personnel costs have remained static for four years during periods of growth!

Shirley Harmon, Controller, Voit Real Estate Services

Case Study: J.W. Mitchell Scales for Growth with AvidXchange

Introduction

This case study of JW Mitchell Co LLC is based on a February 2016 survey of AvidXchange customers by TechValidate, a 3rd-party research service.

“AvidXchange has improved workflow approval and the process of researching items.”

“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:
    • Get rid of the paper
    • Improve processes
    • Improve visibility

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:
    • Scaled for growth
    • Saved time
    • Improved controls
  • Reduced their invoice and payment processing costs by up to 10% with AvidXchange.

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%

Case Study: Selig Enterprises Improved Visibility and Controls with AvidXchange

Introduction

This case study of SELIG ENTERPRISES INC is based on a February 2016 survey of AvidXchange customers by TechValidate, a 3rd-party research service.

“AvidXchange has sped up our payables process and has eliminated paperwork.”

“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:
    • Get rid of the paper

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
  • Reduced their invoice and payment processing costs by 40 – 50% with AvidXchange.

AvidXchange Customer Testimonial

AvidXchange improved the speed of our invoice processing and greatly enhanced our accounts payable controls.

Fred Fox, AP Clerk, Immediate Credit Recovery

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%


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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