AvidXchange

AvidXchange

4.6 out of 5 stars
AvidXchange CoreChain

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AvidXchange:

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
CoreChain:

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.
AvidXchange:

Platforms Supported

Windows Not Supported
Mac Not Supported
Linux Not Supported
Cloud Supported
On-Premises Not Supported
iPhone Not Supported
iPad Not Supported
Android Not Supported
Chromebook Not Supported
CoreChain:

Platforms Supported

Windows Not Supported
Mac Not Supported
Linux Not Supported
Cloud Supported
On-Premises Not Supported
iPhone Not Supported
iPad Not Supported
Android Not Supported
Chromebook Not Supported
AvidXchange:

Audience

Middle-market businesses looking to automate their AP processes
CoreChain:

Audience

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

Support

Phone Support Supported
24/7 Live Support Not Supported
Online Supported
CoreChain:

Support

Phone Support Not Supported
24/7 Live Support Not Supported
Online Supported
AvidXchange:

API

Offers API Not Supported
CoreChain:

API

Offers API Not Supported
AvidXchange:

Screenshots and Videos

CoreChain:

Screenshots and Videos

AvidXchange:

Pricing

No information available.
Free Version Not Supported
Free Trial Not Supported
CoreChain:

Pricing

No information available.
Free Version Not Supported
Free Trial Not Supported
AvidXchange:

Reviews/Ratings

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

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:

Review this Software
AvidXchange:

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
AvidXchange:

Training

Documentation Supported
Webinars Supported
Live Online Supported
In Person Supported
CoreChain:

Training

Documentation Not Supported
Webinars Not Supported
Live Online Not Supported
In Person Not Supported
AvidXchange:

Company Information

AvidXchange
Founded: 2000
United States
www.avidxchange.com
CoreChain:

Company Information

CoreChain
Founded: 2019
United States
corechain.tech/
AvidXchange:

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AvidXchange:

Categories

CoreChain:

Categories

B2B Payment Supported
AvidXchange:

Accounts Payable Features

Approval Process Control Supported
Bank Reconciliation Supported
Cash Management Not Supported
Check Writing Not Supported
Duplicate Payment Alert Not Supported
Fraud Detection Supported
General Ledger Entry Not Supported
Vendor Management Not Supported

Billing and Invoicing Features

Billing Portal Supported
Contact Database Supported
Contingency Billing Not Supported
Customer Portal Supported
Customizable Invoices Supported
Dunning Management Not Supported
Hourly Billing Not Supported
Invoice History Supported
Mobile Payments Not Supported
Multi-Currency Not Supported
Online Invoicing Supported
Online Payments Supported
Payment Processing Supported
Project Billing Supported
Recurring/Subscription Billing Supported
Service Ticket Billing Not Supported
Tax Calculator Not Supported

Payment Processing Features

ACH Check Transactions Supported
Bitcoin Compatible Not Supported
Debit Card Support Not Supported
Gift Card Management Not Supported
Mobile Payments Not Supported
Online Payments Supported
POS Transactions Not Supported
Receipt Printing Not Supported
Recurring Billing Supported
Signature Capture Not Supported
AvidXchange:

Integrations

AppFolio Property Manager Supported
BRIX Supported
Blackbaud Altru Supported
Blackbaud LMS Supported
CINC Systems Supported
Entrata Supported
FOUNDATION Supported
FRONTSTEPS Caliber Supported
IBSRE Property Management Accounting Supported
JD Edwards EnterpriseOne Supported
MRI Software Supported
Oracle PeopleSoft Supported
Propertyware Supported
QuickBooks Online Advanced Supported
Rabbet Supported
RealPage Supported
SAP Concur Supported
Sage 100 Contractor Supported
Smartwebs Supported
Yardi Advanced Budgeting & Forecasting Supported
CoreChain:

Integrations

AppFolio Property Manager Not Supported
BRIX Not Supported
Blackbaud Altru Not Supported
Blackbaud LMS Not Supported
CINC Systems Not Supported
Entrata Not Supported
FOUNDATION Not Supported
FRONTSTEPS Caliber Not Supported
IBSRE Property Management Accounting Not Supported
JD Edwards EnterpriseOne Not Supported
MRI Software Not Supported
Oracle PeopleSoft Not Supported
Propertyware Not Supported
QuickBooks Online Advanced Not Supported
Rabbet Not Supported
RealPage Not Supported
SAP Concur Not Supported
Sage 100 Contractor Not Supported
Smartwebs Not Supported
Yardi Advanced Budgeting & Forecasting Not Supported
AvidXchange:
Claim AvidXchange and update features and information
Claim AvidXchange and update features and information
CoreChain:
Claim CoreChain and update features and information
Claim CoreChain and update features and information