AvidXchange’s Invoice Application is a web-based paperless invoice management system
designed to automate the way companies manage accounts payable documents. The Invoice Application provides finance executives and AP managers with enforceable controls, powerful reporting, and added “visibility” to all documents in their organization.
AvidXchange Invoice mirrors your existing invoice approval process. Paper invoices are either scanned into an electronic format, or electronically submitted directly into Invoice–either through direct data-import or through the Vendor Portal. Invoices are automatically coded, assigned to the appropriate workflow, routed electronically for approval. Once fully approved, invoices flow directly into your accounting system for payment processing.
AvidXchange Payables Lockbox (The Invoice Solution for HOAs)
Most online banking bill-pay solutions do not address the complex accounts payable (AP) needs of a business. Paper and electronic invoice presentment, invoice approval handling, secure and effective payment disbursement – these have been pain points for businesses for years, yet there hasn’t been an effective solution that addresses each of them.
The Payables Lockbox solution was designed specifically with the small and midsize business (SMB) customer in mind. Payables Lockbox streamlines your AP by delivering the following features: