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About

AvidXchange modernizes how middle market businesses manage expenses and payments with AI-enhanced software and support from real people. With 25 years of experience, our solutions automate manual tasks, reduce costs, and streamline your AP process, so you can focus on what matters most. Featuring one of the largest supplier networks in the middle market, AvidXchange offers in-depth industry expertise across real estate, community association management, healthcare, hospitality, education, hospitality, and nonprofits, as well as construction, financial services, and media through the acquisition of Core Associates, BankTEL, and FastPay. Why AvidXchange? - Trusted by 8,000+ businesses to digitize and automate AP workflows - 1.2 million suppliers paid through the AvidPay Network in the last five years - 240+ accounting system and ERP integrations Increase efficiency, visibility, and control in your AP process. Learn more at avidxchange.com

About

With over $1 Billion in B2B payments processed to date, CoreChain is the only network built for scale and security on enterprise Blockchain to streamline the exchange of B2B payments transaction data and funds. The CoreChain Network enables simple and secure digital B2B payments between buyers and their suppliers, leveraging enterprise Blockchain DLT (Distributed Ledger Technology) to help companies operate more efficiently. By transitioning companies away from inefficient legacy “paper check” based solutions to a modern digital payments tech stack, CoreChain is simplifying business procedures and helping companies boost profits through automation. CoreChain performs all of the key elements of an integrated payables solution.

Platforms Supported

Windows
Mac
Linux
Cloud
On-Premises
iPhone
iPad
Android
Chromebook

Platforms Supported

Windows
Mac
Linux
Cloud
On-Premises
iPhone
iPad
Android
Chromebook

Audience

Middle-market businesses looking to automate their AP processes

Audience

Companies looking for an embedded digital B2B Payment network built on blockchain

Support

Phone Support
24/7 Live Support
Online

Support

Phone Support
24/7 Live Support
Online

API

Offers API

API

Offers API

Screenshots and Videos

Screenshots and Videos

Pricing

No information available.
Free Version
Free Trial

Pricing

No information available.
Free Version
Free Trial

Reviews/Ratings

Overall 4.6 / 5
ease 4.8 / 5
features 4.6 / 5
design 4.3 / 5
support 4.0 / 5

Reviews/Ratings

Overall 0.0 / 5
ease 0.0 / 5
features 0.0 / 5
design 0.0 / 5
support 0.0 / 5

This software hasn't been reviewed yet. Be the first to provide a review:

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Pros & Cons from Real Users

Pros

  • AvidXchange has several standout features that make it a popular choice for accounts payable automation - collectively help businesses save time, reduce costs, and improve overall efficiency.Extensive Integrations integrates well with various accounting and ERP systems, making it adaptable to different business environments
  • I really like the ability to process AP while not physically on location. In a hybrid work environment, it is seamless and managers can sign off on invoices no matter where they are. I also like that there is a digital records trail of the invoices, approvals, and processing. This has been incredibly helpful during audit season.
  • Easy to use, much easier and quicker than processing manual checks! Avid helps with setup and got everything integrated with our software Vantaca
  • I like AvidXChange for its efficiency in processing invoices and payments. It streamlines my workflow, reducing manual data entry and errors. I also appreciate its tracking features, which make it easier to monitor approvals and expenses.
  • Avid provides real time Date and updates. Prevents loss of invoice and miscommunication between everyone involved in the workflow.

Cons

  • While AvidXchange has many strengths, there are a few areas where users in my office experienced challenges - Mobile App currently lacks a dedicated mobile app, which can be inconvenient for users who need to manage accounts payable on the go
  • There were some calls to our community partner vendors informing them of the ability to receive payment via ACH, where the person reaching out made it sound like ACH payments were the only option. I had to clarify with our partners that paper checks were an option, but they were under the assumption after the communication that their only option was to accept the ACH form of payment and pay a fee. I reached out to sales and they said this was unacceptable and they would rectify the situation. Since then, I have not received any more complaints.
  • Sometimes if a vendor doesn't receive the check, that creates a hassle as the funds have already been withdrawn from the account. Have to create a stop pay and wait for funds to be returned first before re-issuing new check.
  • I found AvidXChange to be somewhat slow at times, which can be frustrating when processing multiple invoices. The interface isn't always the most user-friendly, and searching for specific invoices or payments could be tedious.
  • Avid does not have a good customer service team to answer unrecognized charges

Training

Documentation
Webinars
Live Online
In Person

Training

Documentation
Webinars
Live Online
In Person

Company Information

AvidXchange
Founded: 2000
United States
www.avidxchange.com

Company Information

CoreChain
Founded: 2019
United States
corechain.tech/

Alternatives

Alternatives

Hellgate

Hellgate

Starfish&Co.

Categories

Categories

Accounts Payable Features

Approval Process Control
Bank Reconciliation
Cash Management
Check Writing
Duplicate Payment Alert
Fraud Detection
General Ledger Entry
Vendor Management

Billing and Invoicing Features

Billing Portal
Contact Database
Contingency Billing
Customer Portal
Customizable Invoices
Dunning Management
Hourly Billing
Invoice History
Mobile Payments
Multi-Currency
Online Invoicing
Online Payments
Payment Processing
Project Billing
Recurring/Subscription Billing
Service Ticket Billing
Tax Calculator

Payment Processing Features

ACH Check Transactions
Bitcoin Compatible
Debit Card Support
Gift Card Management
Mobile Payments
Online Payments
POS Transactions
Receipt Printing
Recurring Billing
Signature Capture

Integrations

Acumatica Cloud ERP
BRIX
Blackbaud Altru
CINC Systems
CTI Cloud
ComputerEase
FOUNDATION
IBSRE Property Management Accounting
JD Edwards EnterpriseOne
NetSuite
Oracle PeopleSoft
Propertyware
QuickBooks Desktop Premier
QuickBooks Desktop Pro
RISSOFT
Rabbet
Sage 100 Contractor
Sage 300 Construction and Real Estate (CRE)
Smartwebs
Yardi Advanced Budgeting & Forecasting

Integrations

Acumatica Cloud ERP
BRIX
Blackbaud Altru
CINC Systems
CTI Cloud
ComputerEase
FOUNDATION
IBSRE Property Management Accounting
JD Edwards EnterpriseOne
NetSuite
Oracle PeopleSoft
Propertyware
QuickBooks Desktop Premier
QuickBooks Desktop Pro
RISSOFT
Rabbet
Sage 100 Contractor
Sage 300 Construction and Real Estate (CRE)
Smartwebs
Yardi Advanced Budgeting & Forecasting
Claim AvidXchange and update features and information
Claim AvidXchange and update features and information
Claim CoreChain and update features and information
Claim CoreChain and update features and information