Online Invoicing Platform

An online invoicing platform is a tool that can be used to help a business’s accounts payable team keep the accounts payable process organized and make it more streamlined. By automating the invoice-processing workflow, billing and invoicing software can potentially save businesses a significant amount of time that would otherwise be wasted by manually managing the invoicing approval process. These types of tedious and repetitive tasks could be streamlined by an online invoicing platform to potentially save time and money and improve accuracy.

AvidXchange Invoice Management Screenshot
Capterra Logo
4.5/5 (35)
tr-logo
GetApp Logo
G2 Crowd Logo
sa-logo

Accounts Payable Automation Software

Unleash your team’s efficiency with AvidXchange’s suite of accounts payable solutions and say goodbye to filing cabinets and lost invoices. Accounts payable process automation with AvidXchange frees your team from the manual AP tasks that are slowing down your business, all while giving you greater control over your spend management with the click of a button.

Reduce Costs of Accounts Payable

Reduce Costs

Reduce Costs

No more wasted efforts signing, stuffing, stamping and sending stacks of paper checks. Review, code and approve payments with a few clicks.
Scale For Business Growth

Scale For Growth

Scale For Growth

Savings from eliminating the hard costs associated with paper payments allow your current team to keep up with a growing workload.
Remote Accounts Payable

Work Remotely

Work Remotely

Our cloud based accounts payable platform provides online access 24 hours a day, seven days a week so you have flexibility when you need it.
Reduce Payment Fraud

Reduce Fraud

Reduce Fraud

Enhance your financial security by leveraging e-payment adoption, while providing your vendors with flexible payment options.
Ridgeline Logo
Catalina Island Company
Colliers International Logo
leisurecare-rc-vertical-logo-full-color-rgb
J.G. Wentworth Logo
korber logo
Lead-logo
Artemis_Header-Logo

VIDEO DEMO: STEP-BY-STEP WITH OUR ACCOUNTS PAYABLE AUTOMATION SOFTWARE

Watch our 4-minute demo of AvidXchange’s AP automation solutions. We’ll show you step-by-step how our solutions can digitally transform your entire invoice-to-pay process.

Middle-market companies can take advantage of the benefits of an online invoicing platform like AvidXchange to improve what can otherwise be a complicated and time-consuming accounts payable process. A middle market business’s accounts payable team can use the software to receive, track, and approve invoices automatically via a paperless system. The paper-free nature of billing and invoicing software can help save a business from the expenses and inefficiencies of a purely paper-based system.

An online invoicing platform can cut back on a business’s paper use by allowing the user to scan paper invoices when they are received and upload them to the billing and invoicing software. From there, the software can guide the invoice along the business’s existing accounts payable approval and payment workflow in digital format. This could save a business money on paper, envelopes, stamps, check printing, and more, while also speeding up the process and reducing the rate of human error.

An online invoicing platform like AvidXchange could also allow for more visibility into this streamlined process, so that the accounts payable team can still have full control over the system. If the online invoicing system is not meeting the AP team’s needs, the AP team can customize workflows accordingly. Billing and invoicing software could also help ensure that the invoices can flow to the proper person to be approved so that suppliers can get paid on time and according to their individual payment method preferences.

Invoice Billing Software

AvidXchange makes use of OCR technology, which could allow for accounts payable teams to reduce the need for manual data entry, which could in turn potentially reduce costly errors. This capability could reduce the amount of manual data entry required to process invoices, and it could save time for your accounts payable team and help reduce human error. Your accounts payable team’s time is valuable, and one way to make the most of it and maximize efficiency could be to implement invoice billing software. Sometimes errors occur, and even the best accounts payable department may make the occasional error. In any case, an invoice billing software could allow for a high degree of accuracy without compromising speed and efficiency. Invoice billing software could streamline an accounts payable process in this way to help businesses save time and money and increase accuracy.

Invoice processing can sometimes be complicated, and it can be challenging for an accounts payable team to stay organized when so many different invoices are flowing into the system simultaneously. Suppliers might send business invoices in more than one different invoice format, which can cause some confusion for the accounts payable team if they are not equipped to deal with such invoices manually. Utilizing invoice billing software can enable an accounting team to scan paper invoices and convert them to a single digital format before moving them along the invoice processing workflow. The platform could also allow for the use of an invoice template.

Billing System Software

An accounts payable team that is struggling to move invoices along the accounts payable pipeline efficiently could benefit from billing system software. A suitable billing software could possess the capability to streamline the accounts payable process so that invoices are moved along the pipeline with optimal efficiency and speed. Streamlining the invoicing process could save a business’s accounts payable team significant amounts of time by reducing the number and frequency of repetitive manual tasks that must be performed.

Billing system software is a potential solution for an accounts payable team seeking solutions to remain more efficient and accurate. Streamlining and automating bill payment could save the company time and therefore potentially money as well. The automated process is totally transparent so that it can be monitored and adjusted if needed by the accounting team. That way, time can be saved without leaving anything completely up to a machine with no human safety net to make sure it is functioning as intended. Using billing software to streamline the invoice and bill payment processing workflow might be the right choice for a business that wants to speed up its bill payment system.

Invoice Dashboard

Finding the best invoice app to help streamline and track invoice processing is one possible way for a business to improve their accounts payable workflow. Simple invoice software that can automate the process and provide visibility into how and when each automated step is completed can be a valuable asset to an accounts payable team seeking to streamline the invoicing process. 

Invoicing software has the ability to integrate with the existing invoice processing pipeline and optimize the way invoices move along the pipeline for approval. The invoicing software automates the repetitive steps of the process, but does not complete any payments before receiving approval from the person tasked with ensuring that invoices are approved.

Invoicing software can provide a business with access to an invoice dashboard, which can be a useful tool to help streamline the accounts payable workflow. Accounting team members can check invoice statuses from anywhere and at any time, which allows for a greater sense of transparency into the process. Using the invoice dashboard to track each step of the invoice processing workflow could be a way for an accounts payable team to audit their process and determine if it is working as smoothly as possible. If not, the accounts payable team can customize workflows to more closely match their needs.

Online Invoice Payments

Accounts payable teams that are wondering how to pay an invoice faster and more efficiently could benefit from an invoicing platform that could allow for the invoice approval process to be more easily streamlined. Invoice management software can be assigned a set of parameters in order to automate online invoice payments while remaining in line with a business’s existing invoice processing workflow.

Invoice payment can be simplified with an online invoice payment platform like AvidXchange. Invoice automation software such as this could also help answer pressing questions such as, “How to pay an invoice online?” When a paper invoice is received, it can be scanned and converted into a digital format by the automated invoice payment software. Then, it is categorized and routed through the existing invoice processing pipeline to receive the necessary approvals. After the invoice has been approved, payment to vendors may be authorized.

This process is time-consuming to complete manually, but online invoice payments could allow accounts payable teams to streamline the process. Online invoice payments are one possible solution for accounts payable teams that are frustrated by the slow pace of their invoice processing and are in search of a system that may better ensure efficiency, speed, and accuracy.

Invoice Payment Options

There may be practical invoice payment options available for businesses that are struggling to complete their bill payments as efficiently as they may desire. Many businesses want to ensure that their suppliers are paid on time; however, doing so can be a challenge if your team is relying entirely on manual processes. Utilizing the services of a B2B invoice pay company could enable your business to focus on its growth and allow an online invoicing platform to streamline the process.

This type of invoice payment method example could be a more effective method, because invoice automation software is specifically designed to speed up the accounts payable process and keep it organized. A business’s accounts payable team could save time and reduce human error by implementing an automated process that does not require much manual input on their end.

Most notably, the accounts payable team may not have to give up control completely to a third party. An invoice automation platform provided by an invoice pay company can simply serve as a method of expediting the existing workflow and tracking payment information in a more organized manner. As such, the AP team can retain any existing systems with which they are familiar such as their legacy accounting system.

Billing And Invoicing Process

An automated platform like AvidXchange can potentially improve the efficiency of a business’s billing and invoicing process by automating it. The entire accounts payable process can be executed from start to finish using the platform, which can help streamline the invoice processing process flow. Many of the steps of the process can be totally automated, which could reduce the accounting department’s manual workload and potentially save a lot of time.

To pay a bill using AvidXchange’s automated billing and invoicing process, just a few steps must be completed. Once a paper invoice is received from a supplier or vendor, it must first be scanned and uploaded in digital format to the AvidXchange platform. Then, the invoicing software automatically categorizes the invoice, assigns it to the applicable workflow, and finally sends it along to whichever corporate leader needs to approve the payment. After the approval has been given, the billing software completes the accounts payable process by automatically delivering the digital payment to the appropriate supplier or vendor.

Automating the process in this way could greatly benefit a business’s ability to keep invoice records organized and also streamline the overall billing and invoicing process to be as quick and efficient as possible. Invoicing software makes it possible for the entire accounts payable pipeline to be organized and carried out via the digital platform.

More Accounts Payable Insights

Customer Spotlight

AvidPay Direct Improves Cash Flow For NYC-Based Business Owner

Blog

The Importance of Technology in Post-Pandemic Real Estate

Accounts Payable

Your 6-Step Guide for Avoiding Duplicate Payments in AP Processing

Blog

QUIZ: Can You Avoid These 10 Financial Forecasting Mistakes?

Blog

AP Automation & Basketball: A Winning Combination

READY TO LIBERATE YOUR AP With AvidXchange?