Multi-Family Multi-Family

AvidXchange for Multi-Family

The AvidXchange suite of services is the most complete automated invoice and bill pay solution available to manage budgets and spending of your residential, multi-family properties. Implemented by over 250 real estate companies to date, our multi-family residential property management solution  is ideal for firms of all sizes. Automation lets you accurately process thousands of invoices with the control you need to manage to budgets and alert you to overages. Whether its utility bills, budget control or matching to POs, you can scale your AP process to meet the demands of your growing business without adding head count.

Integrate Budgets to Control Spending

Enjoy the performance, scalability, and control that AvidXchange brings to your accounts payable process without a difficult or protracted implementation process. Fully configurable to meet almost any accounts payable need, our Multi-Family Edition offers a robust solution with rapid ROI.

Compare Budgets to Actual Spending

AvidXchange makes it easy for approvers to know what to approve and where they stand because they know the budget and expense category. Seamless integration to your financial systems gives you real-time visibility into what’s budgeted versus already spent.

Purchasing Made Easy

An end-to-end solution begins when you buy. Validate purchase orders against purchase contracts and send them electronically to streamline the process. Match invoices to POs to increase control and visibility of spend at the property level. Easily reconcile purchases and spending to properties with an end-to-end automated solution. 

No Late Fees; no Over Payment of Utilities

Our specialized utility invoice tracking and payment solution eliminates the most common reasons for late fees on utilities using a 6-step validation process and rules based payment engine. Know when utility bills are received, due and if they are missing; automatic tests for service overlap and spikes in utility usage alert you to over charges and potential vandalism in unoccupied residential properties.

Identify Fraud and Duplicate Invoices

Our proprietary fraud monitoring system uses algorithms to look for irregularities, verifies authorized vendors and looks for duplicate invoices before they enter your payables system.  Set up rules and alerts that notify you when a suspicious invoice is received so you act before it’s a problem.

Eliminate Paper from Purchasing through Payment

A paperless process reduces costs, data entry errors and improves productivity. You can dramatically reduce the time your staff spends handling POs and invoices by eliminating data entry, copying, filing and mailing. AvidXchange customers have reduced their payment cycle from 45 days to as little as 3.

AvidXchange is the ideal solution to automate purchasing and bill pay processing. Used by countless real estate and property management companies, AvidXchange lets you spend less time monitoring budgets and more time managing your properties. 

Revolutionize the way you pay your bills in 45 days or less!