AvidAscend is a web-based accounting suite designed to interface with a financial institution’s core system. It enables accounting teams to electronically manage their accounts payable process, vendor payments, fixed assets, expense reports, prepaid and accruals, and more.
Available modules include: Accounts Payable, Invoice Inbox, Approval Workflow, Fixed Assets, Prepaids and Accruals, Expense Report Reimbursement, Purchase Requisitions, Vendor Management, Shareholder Management.
Our Invoice Inbox module utilizes machine learning and OCR (optical character recognition) to extract invoice data and code invoices hands-free, replacing your manual data entry processes. Invoices are populated in the suite automatically, and the suite notifies you of any possible duplicate entries.
Easily configure automatic workflow routing rules that mirror your existing invoice approval processes. Email notifications and individual dashboards allow for easy task visibility. Web-based platform lets you make approvals anywhere you have internet access, or a surrogate approver can be designated when you’re not available.
Customizable routing rules allow every action and invoice to be tracked with a detailed audit trail. Access to full historical accounting visibility, making financial reporting and audits a breeze.
Plus dozens of other popular business accounting systems and all core banking systems.
Reduce the hard costs of dealing with paper invoices and payments.
Review, code and approve payments with a few clicks.
Keep or create custom workflows to ensure your data is accurate.
Allow your current team to keep up with a growing workload.
Increase financial security by leveraging e-payment options.
Get your suppliers paid on time using the method they prefer.
Our cloud based platform allows for 24-7 online access.
Online records make reporting and auditing a breeze.
See how it all works! Check out a 4-minute demo of AvidXchange’s AP automation solutions.