AvidXchange Review: Pros, Cons, Features, and Pricing

AvidXchange excels in automating invoice management for midsize firms, offering robust integrations and AI-driven features that enhance efficiency.

VP Finance & FCCA with 15+ years scaling finance at high-growth SaaS companies.

We review tools independently, and commissions help fund our testing. See our transparency policy, our methodology, or suggest a tool.

AvidXchange is an accounts payable software built for mid-market companies that need to automate invoice processing and payment approvals at scale. I'd consider it if your AP team is managing high invoice volumes across multiple entities and has outgrown tools like BILL, which works well for smaller operations but doesn't offer the same depth of ERP integrations or multi-entity workflow controls that mid-market finance teams tend to need.

AvidXchange Evaluation Summary

Cloud AP software automating bill capture, workflows & payments.
Customer rating

4.4/5

Pricing
  • Pricing upon request
  • Free demo available

Why Trust Our Software Recommendations

6,700+

Reviews

20

Industry experts

16+

Evaluation factors

14

Years

Our team has been testing and reviewing software since 2012. As finance leaders ourselves, we know how difficult—and important—it is to choose the right software.

For this guide, we evaluated tools using hands-on testing and independent research, scoring tools using our selection criteria.

Our reviews reflect our human editorial judgment, not a sales pitch.

AvidXchange Overview

In my opinion, AvidXchange is a solid choice for midsize businesses needing reliable AP automation and invoice capture. It offers strong integration with major ERP and accounting software such as NetSuite, QuickBooks, and Microsoft, along with AI-driven insights that improve your team's workflow and approval processes. However, the onboarding and customer support could be more responsive, and the pricing may feel steep for smaller teams. Compared to other providers, AvidXchange excels in automation and electronic payments but can lag in ease of use and user experience. It’s best suited for industries like real estate and construction, where complex vendor payments and multi-step approval workflows are common. If your company values a robust automation tool with high functionality, AvidXchange offers an effective, time-saving platform.

Pros

  • It automates invoice processing, saving your team time on manual tasks.
  • AI-driven insights help you make better financial decisions.
  • It's ideal for handling complex invoices in industries like real estate and construction.

Cons

  • Your team might find the user interface less intuitive than other software.
  • Onboarding can be lengthy, which may slow down your implementation.
  • Customer support might not be as responsive as you'd like.

Is AvidXchange Right For Your Needs?

Who Would be a Good Fit for AvidXchange?

AvidXchange is a great fit for midsize businesses in real estate, construction, and financial services that handle large volumes of invoices and vendor payments. Your team benefits from its automation, approval workflows, and invoice capture capabilities, which reduce manual payable process errors. Finance departments that value AI insights and electronic payments will appreciate how AvidXchange helps streamline every step, from routing to approval process and final disbursement.

  • Real Estate
    AvidXchange streamlines lease and vendor payment processing, making it a top choice for real estate teams.
  • Construction
    Your construction team will appreciate the ease in handling complex project invoices and subcontractor payments.
  • Finance Departments
    Finance teams can rely on its AI insights to enhance decision-making and streamline their workflow.
  • Midsize Companies
    Midsize companies benefit from its automation, handling large volumes of invoices efficiently.
  • Vendor Management
    If managing multiple vendors is your task, AvidXchange makes the process seamless with its robust invoice capabilities.
  • Invoice Processing
    For those focused on invoice processing, it automates tasks, freeing your team from manual data entry.

Who Would be a Bad Fit for AvidXchange?

AvidXchange might not suit small businesses or startups with minimal AP needs or those seeking simple accounting software. Teams that need faster onboarding or more responsive support team interactions may find it slow to adopt. It’s also not ideal for users looking for a light, user-friendly interface or extensive mobile app functionality.

  • Small Startups
    Your startup might find AvidXchange too complex for simple invoicing needs and too costly for a limited budget.
  • Retail Businesses
    Retail operations with straightforward transactions may not need the advanced features AvidXchange offers.
  • Non-Tech Teams
    Teams without IT support might struggle with its user interface and onboarding process.
  • Education Sector
    Educational institutions with minimal vendor interactions may find AvidXchange's capabilities excessive.
  • Freelancers
    Freelancers dealing with a few clients will find its features unnecessary and the cost prohibitive.
  • Nonprofit Organizations
    Nonprofits with tight budgets and simple accounting needs might find AvidXchange's offerings excessive and costly.

How We Test & Score Tools

We’ve spent years building, refining, and improving our software testing and scoring system. The rubric is designed to capture the nuances of software selection and what makes a tool effective, focusing on critical aspects of the decision-making process.

Below, you can see exactly how our testing and scoring works across seven criteria. It allows us to provide an unbiased evaluation of the software based on core functionality, standout features, ease of use, onboarding, customer support, integrations, customer reviews, and value for money.

Core Functionality (25% of final scoring)

The starting point of our evaluation is always the core functionality of the tool. Does it have the basic features and functions that a user would expect to see? Are any of those core features locked to higher-tiered pricing plans? At its core, we expect a tool to stand up against the baseline capabilities of its competitors.

Standout Features (25% of final scoring)

Next, we evaluate uncommon standout features that go above and beyond the core functionality typically found in tools of its kind. A high score reflects specialized or unique features that make the product faster, more efficient, or offer additional value to the user.

We also evaluate how easy it is to integrate with other tools typically found in the tech stack to expand the functionality and utility of the software. Tools offering plentiful native integrations, 3rd party connections, and API access to build custom integrations score best.

Ease of Use (10% of final scoring)

We consider how quick and easy it is to execute the tasks defined in the core functionality using the tool. High scoring software is well designed, intuitive to use, offers mobile apps, provides templates, and makes relatively complex tasks seem simple.

Onboarding (10% of final scoring)

We know how important rapid team adoption is for a new platform, so we evaluate how easy it is to learn and use a tool with minimal training. We evaluate how quickly a team member can get set up and start using the tool with no experience. High scoring solutions indicate little or no support is required.

Customer Support (10% of final scoring)

We review how quick and easy it is to get unstuck and find help by phone, live chat, or knowledge base. Tools and companies that provide real-time support score best, while chatbots score worst.

Customer Reviews (10% of final scoring)

Beyond our own testing and evaluation, we consider the net promoter score from current and past customers. We review their likelihood, given the option, to choose the tool again for the core functionality. A high scoring software reflects a high net promoter score from current or past customers.

Value for Money (10% of final scoring)

Lastly, in consideration of all the other criteria, we review the average price of entry level plans against the core features and consider the value of the other evaluation criteria. Software that delivers more, for less, will score higher.

Core Features

Invoice Automation

AvidXchange automates the full invoice processing cycle, allowing teams to process invoices faster, reducing manual entry errors, and improving visibility through its dashboard.

Payment Processing

It supports multiple payment options, including ACH, direct deposit, and credit card, minimizing the need for paper checks and avoiding late fees.

Approval Workflow

Create tailored approval workflows with automatic notifications, enabling compliance and speeding up the approval process for invoices and vendor payments.

Audit Trail

AvidXchange provides a comprehensive audit trail for every transaction, helping teams verify payment status and maintain transparency.

Document Management

Store, track, and route invoices digitally, integrating seamlessly with leading ERP and accounting systems.

Reporting and Analytics

Get advanced reporting on AP processes, vendor activity, and payment status to optimize workflow efficiency.

AvidXchange screenshot
Speeds up invoice processing and reduces manual errors.

Ease of Use

AvidXchange offers broad functionality, though some user reviews note that the user interface can feel dated. The learning curve can be steep initially, especially for AvidXchange customers without ERP experience. Once familiar, however, users find it a major time saver that enhances visibility across all AP processes.

AvidXchange screenshot
AvidXchange is powerful but has a dated UI and a steep early learning curve.

Integrations

AvidXchange integrates with Oracle NetSuite, Intuit QuickBooks, Microsoft, Sage, Acumatica, Blackbaud, MIP Fund Accounting, MRI, Rent Manager, and Yardi. AvidXchange also offers extensive API support, allowing for custom integrations with various accounting systems.

AvidXchange screenshot
Integrates with major accounting systems and supports custom API connections.

AvidXchange Specs

  • 2-Factor Authentication: No
  • Accounts Receivable: Yes
  • API: No
  • Balance Sheet: No
  • Billing/Invoicing: Yes
  • BitCoin: No
  • Budgeting: No
  • Calendar Management: No
  • Contact Management: No
  • CRM Integration: Yes
  • Customer Management: No
  • Dashboard: No
  • Data Export: Yes
  • Data Import: Yes
  • Data Visualization: No
  • Expense Tracking: No
  • External Integrations: Yes
  • Forecasting: No
  • Inventory Tracking: No
  • Multi-Currency: No
  • Multi-User: No
  • Notifications: Yes
  • P&L: No
  • Payment Gateway Integration: No
  • Payment Processor: Yes
  • PayPal: No
  • Payroll: No
  • SAP Integration: Yes
  • Scheduling: No
  • Stripe: No
  • Supplier Management: No
  • Tax Management: No

Alternatives to AvidXchange

AvidXchange FAQs